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  "documentTitle": "Xylem Inc. (XYL)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2023-08-09 00:00:00",
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  "notes": "Highlights the contrast between detailed Q1 reporting and vague Q2 reporting post-acquisition.",
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      "text": "Xylem's financial reporting has become even more opaque specifically around gross margins. Notice carefully that, not only does Xylem not quantify the impact of the Evoqua acquisition on its gross margin, but also it provides no quantitative measures of any impacts at all. This is a back track of previous enhanced disclosures that were provided after Xylem received an SEC Comment Letter a year earlier.",
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      "text": "Xylem's financial reporting has become even more opaque specifically around gross margins. Notice carefully that, not only does Xylem not quantify the impact of the Evoqua acquisition on its gross margin, but also it provides no quantitative measures of any impacts at all.",
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      "text": "Xylem's Gross Margin Discussion Backtracks From Previous Enhanced Disclosure Post SEC Comments",
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