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Hillenbrand(HI) - 2022 Q4 - Annual Report
2022-11-16 21:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Table of Contents FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended September 30, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to _____ Commission File No. 001-33794 HILLENBRAND, INC. (Exact name of registrant as specified in its charter) IN 26-1342272 (State or other jurisdic ...
Hillenbrand(HI) - 2022 Q3 - Earnings Call Transcript
2022-08-06 23:35
Hillenbrand, Inc. (NYSE:HI) Q3 2022 Results Conference Call August 4, 2022 8:00 AM ET Company Participants Sam Mynsberge - Senior Director of Investor Relations Kim Ryan - President and Chief Executive Officer Bob VanHimbergen - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Matt Summerville - D.A. Davidson Chris Howe - Barrington Research John Franzreb - Sidoti & Company Operator Greetings, and welcome to Hillenbrand's Fiscal Third Quarter 2022 ...
Hillenbrand(HI) - 2022 Q2 - Earnings Call Presentation
2022-05-12 06:13
Q2 FY 2022 EARNINGS CALL PRESENTATION May 10, 2022 HILLENBRAND Hillenbrand Participants Kim Ryan President & CEO Bob VanHimbergen SVP & CFO Sam Mynsberge Sr. Director, Investor Relations EARNINGS PRESENTATION | EARNINGS PRESENTATION | 2 Disclosure Regarding Forward-Looking Statements Throughout this presentation, we make a number of "forward-looking statements" that are within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended ...
Hillenbrand(HI) - 2022 Q2 - Earnings Call Transcript
2022-05-10 15:38
Hillenbrand, Inc. (NYSE:HI) Q2 2022 Earnings Conference Call May 10, 2022 8:00 AM ET Company Participants Kimberly Ryan – President and Chief Executive Officer Sam Mynsberge – Senior Director of Investor Relations Robert VanHimbergen – Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Moore – CJS Securities Christopher Howe – Barrington Research Will Jellison – D.A Davidson Operator Greetings and welcome to the Hillenbrand Second Quarter 2022 Earnings Call. At this time, ...
Hillenbrand(HI) - 2022 Q2 - Quarterly Report
2022-05-09 20:40
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number. 001-33794 HILLENBRAND, INC. (Exact name of registrant as specified in its charter) Indiana 26-1342272 (State or ...
Hillenbrand(HI) - 2022 Q1 - Earnings Call Transcript
2022-02-03 16:25
Hillenbrand, Inc. (NYSE:HI) Q1 2022 Earnings Conference Call February 3, 2022 8:00 AM ET Company Participants Sam Mynsberge - Director of Investor Relations Kimberly Ryan - President & Chief Executive Officer Kristina Cerniglia - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Matt Summerville - D.A. Davidson John Franzeb - Sidoti & Company Christopher Howe - Barrington Research Disclaimer*: This transcript is designed to be used alongside the fre ...
Hillenbrand(HI) - 2022 Q1 - Earnings Call Presentation
2022-02-03 14:05
Q1 FY 2022 EARNINGS CALL PRESENTATION February 3, 2022 Hillenbrand Participants HILLENBRAND Kim Ryan President & CEO Kristina Cerniglia SVP & CFO Sam Mynsberge Director, Investor Relations EARNINGS PRESENTATION | EARNINGS PRESENTATION | 2 Disclosure Regarding Forward-Looking Statements Throughout this presentation, we make a number of "forward-looking statements" that are within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchang ...
Hillenbrand(HI) - 2021 Q4 - Earnings Call Transcript
2021-11-18 17:40
Hillenbrand, Inc. (NYSE:HI) Q4 2021 Earnings Conference Call November 18, 2021 8:00 AM ET Company Participants Sam Mynsberge - Director of Investor Relations Joe Raver - President and Chief Executive Officer Kim Ryan - Incoming Chief Executive Officer Kristina Cerniglia - Senior Vice President and Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Christopher Howe - Barrington Research Daniel Moore - CJS Securities John Franzeb - Sidoti & Company Operator Greetings, and we ...
Hillenbrand(HI) - 2021 Q4 - Earnings Call Presentation
2021-11-18 14:19
Q4 FY 2021 EARNINGS CALL PRESENTATION November 18, 2021 HILLENBRAND Hillenbrand Participants Joe Raver President & CEO Kim Ryan EVP & CEO Successor Kristina Cerniglia SVP & CFO Sam Mynsberge Director, Investor Relations EARNINGS PRESENTATION | EARNINGS PRESENTATION | 2 Disclosure Regarding Forward-Looking Statements Throughout this presentation, we make a number of "forward-looking statements" that are within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Sectio ...
Hillenbrand(HI) - 2021 Q3 - Earnings Call Transcript
2021-08-07 18:56
Financial Data and Key Metrics Changes - The company reported total revenue of $695 million, an increase of 14% on an as-reported basis and 18% on a pro forma basis, driven by strong volume growth within MTS and APS [29][30] - Adjusted EBITDA was $126 million, a 4% increase, with an adjusted EBITDA margin of 18.2%, which decreased by 170 basis points due to cost inflation and strategic investments [30][31] - GAAP net income was $40 million or $0.53 per share, a 66% increase compared to the prior year, while adjusted net income was $65 million or $0.85 per share, a 5% increase [33] Business Line Data and Key Metrics Changes - Advanced Process Solutions (APS) revenue was $313 million, an 11% increase, with a record order backlog of $1.4 billion, up 52% year-over-year [39][41] - Molding Technology Solutions (MTS) revenue increased by 31% to $244 million, with strong demand across various end markets [43] - Batesville revenue was $138 million, a 1% decrease, attributed to lower death rates associated with COVID-19, but performed better than expected [48][49] Market Data and Key Metrics Changes - Total company backlog reached a record of $1.8 billion, a 62% increase year-over-year, indicating strong demand for engineered solutions [28] - The company experienced approximately $17 million of inflation in the quarter, with 60% offset through pricing actions [31] - The ongoing chip shortage is expected to impact revenue by approximately $10 million in the fourth quarter [66] Company Strategy and Development Direction - The company focuses on four strategic pillars: strengthening business platforms, managing Batesville for cash, building a scalable foundation for growth, and effectively deploying free cash flow [14][22] - The integration of Milacron is proceeding well, with a target of achieving $75 million in synergies over three years [22][38] - The company is actively developing its M&A pipeline, targeting strategic acquisitions in food and recycling markets [70][71] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from COVID-19, global supply chain disruptions, and rising inflation but expressed confidence in the company's ability to navigate these issues [7][25] - The company expects fourth quarter revenue growth in the range of 6% to 9%, driven by industrial segments, while Batesville is anticipated to decline [53][58] - Management remains focused on maintaining a flexible balance sheet and investing in growth opportunities [62] Other Important Information - The company plans to issue its second sustainability report at the end of August, highlighting progress in sustainability initiatives [23] - Two new directors were added to the Board to enhance governance and support the company's strategy [24] Q&A Session Summary Question: Impact of unabsorbed inflationary costs and chip shortage - The company forecasts approximately $25 million of inflation in Q4, with half covered by pricing, leading to a $12.5 million unabsorbed hit to the P&L, and anticipates a $10 million revenue impact from the chip shortage [66][67] Question: Restructuring in Germany and M&A outlook - The restructuring in Germany is part of the $75 million synergy target, and the M&A pipeline is active with a focus on strategic bolt-on acquisitions in processed food and recycling [68][70] Question: Batesville segment performance and mortality rates - The company noted that while death rates are currently low, there may be some upside in the short term, and they are monitoring the impact of COVID-19 variants [77][78] Question: Price/cost lag in injection molding business - The price/cost lag is due to backlog orders set before the inflationary environment, leading to margin compression as inflation pressures arise [99]