Hillenbrand Inc

Latest Results (08.10.2025):

Hillenbrand Inc. reported its fiscal fourth quarter and full-year 2023 results, showcasing significant revenue growth and strategic acquisitions that have positioned the company for long-term success. Despite a challenging macroeconomic environment, Hillenbrand achieved solid financial performance and outlined optimistic guidance for fiscal 2024.

Revenue Growth

In the fourth quarter, Hillenbrand Inc. achieved a 26% increase in revenue to $763 million compared to the prior year, bolstered by a $43 million contribution from the Schenck FPM acquisition. For fiscal year 2023, total revenue rose by 22% to $2.83 billion, with organic revenue increasing by 4%.

Earnings Performance

GAAP earnings per share (EPS) for the fourth quarter decreased to $0.24 from $0.44 year-over-year. However, adjusted EPS saw a substantial 45% increase to $1.13, driven by strategic acquisitions. For the full year, adjusted EPS grew by 31% to $3.52.

EBITDA and Margins

Adjusted EBITDA margin improved by 90 basis points to 19.3% in the fourth quarter. On a full-year basis, adjusted EBITDA increased by 20% to $483 million, despite a slight decrease in margin by 20 basis points to 17.1%.

Strategic Acquisitions

Hillenbrand completed its transformation into a pure-play industrial company through the acquisitions of Linxis, Peerless, and Schenck FPM, while divesting its declining death care segment. These acquisitions have strengthened the company's position in the less cyclical food processing market.

Fiscal 2024 Guidance

Looking ahead, Hillenbrand projects full-year adjusted EPS between $3.60 and $3.95 and first quarter adjusted EPS in the range of $0.66 to $0.71. The company remains focused on growth opportunities, productivity improvements, and debt reduction to achieve its financial targets.