(RTTNews) - Xylem Inc. (XYL), a water technology company engaged in solving water related issues, on Thursday reported fourth quarter results that revealed a drop in net income, attributed to inflation and strategic investments that exceeded the benefits of price realization and productivity savings. This results in adjusted earnings per share of $2.35 to $2.70, which represents a decline of 6 percent to an increase of 8 percent from Xylem's 2021 adjusted results. Shares of Xylem are currently trading in pre-market at $102.70, down $1.48 or 1.42 percent from previous close.