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Precision Drilling Shares Are Rocketing Today: What’s Going On?

Precision Drilling sees a surge in shares as Q4 results reveal C$506.9 million in revenues, driven by increased North American and international activity, with adjusted EBITDA hitting C$151.2 million. CEO Kevin Neveu outlines a bullish outlook, anticipating a 40% Y/Y increase in international rig count, driven by term contracts in Kuwait and Saudi Arabia. The company aims to reduce debt and allocate significant portions of free cash flow to share repurchases.

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Why Water Technology Company Xylem Shares Are Seeing Blue Skies Today

Xylem shines in Q4 FY23, boasting 41% revenue growth to $2.12 billion, surpassing market expectations. Orders and backlog surge, indicating robust demand and promising future prospects. With impressive financial results and a confident outlook, Xylem positions itself as a leader in the industry, projecting adjusted EPS of $4.00-$4.20 for FY24.

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