Hillenbrand Inc

HI

Equity

ISIN US4315711089 / Valor 3774156

New York Stock Exchange, Inc (2024-12-24)

USD 30.74+2.30%

Hillenbrand Inc
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About company

Hillenbrand Inc is a global company that specializes in providing highly engineered processing equipment and systems for various industries, including durable plastics, food, and recycling. With a portfolio of leading brands, Hillenbrand offers mission-critical solutions for a wide range of applications. As a financial journalist, it is important to note that Hillenbrand's business focuses on providing essential equipment and systems that are crucial for the operations of its clients in different sectors, contributing to the overall efficiency and productivity of their processes.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Hillenbrand Inc. reported revenue of $787 million for the fiscal third quarter of 2024, marking a 10% increase compared to the prior year. This growth was primarily driven by the acquisition of the Schenck Process Food and Performance Materials business, now rebranded under Hillenbrand's Coperion brand.

GAAP and Adjusted EPS

For the fiscal third quarter of 2024, Hillenbrand Inc. reported a GAAP EPS of $(3.53), a significant decrease from $0.60 in the prior year, primarily due to non-cash impairment charges of $265 million. Adjusted EPS was $0.85, reflecting an 11% decrease compared to the prior year.

Restructuring Program

Hillenbrand Inc.'s previously announced restructuring program remains on track to deliver $20 million in annual run-rate savings by fiscal year 2025. The company is also accelerating additional cost actions and synergies across the enterprise to navigate the challenging macroeconomic environment.

Updated Financial Outlook

Hillenbrand Inc. updated its fiscal year 2024 outlook, now expecting adjusted EPS to be in the range of $3.20 to $3.30, down from the previous range of $3.30 to $3.50. For the fourth quarter, the company anticipates adjusted EPS to be between $0.90 and $1.00.

Cash Flow and Debt

Hillenbrand Inc. reported operating cash flow of $46 million for the fiscal third quarter of 2024, down $43 million compared to the prior year. As of June 30, 2024, the company had net debt of approximately $1.87 billion and liquidity of about $680 million, including $224 million in cash on hand.

Summarized from source with an LLMView Source

Key figures

-35.2%1Y

-41.3%3Y

-7.10%5Y

Performance

39.8%1Y

35.3%3Y

41.3%5Y

Volatility