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Hillenbrand(HI) - 2023 Q3 - Quarterly Report
2023-08-02 20:35
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 June 30, 2023 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) (State or other jurisdiction o ...
Hillenbrand(HI) - 2023 Q2 - Earnings Call Transcript
2023-05-09 19:34
Hillenbrand, Inc. (NYSE:HI) Q2 2023 Earnings Conference Call May 9, 2023 8:00 AM ET Company Participants Sam Mynsberge - Vice President, 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 John Franzreb - Sidoti & Company Operator Greetings, welcome to the Hillenbrand's Second Quarter Fiscal Year 2023 Earnings Call. At this time, al ...
Hillenbrand(HI) - 2023 Q2 - Quarterly Report
2023-05-08 20:55
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, 2023 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) (State or other jurisdiction ...
Hillenbrand(HI) - 2023 Q1 - Earnings Call Transcript
2023-02-09 15:39
Hillenbrand, Inc. (NYSE:HI) Q1 2023 Earnings Conference Call February 9, 2023 8:00 AM ET Company Participants Sam Mynsberge - Vice President, 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 Will Jellison - D.A. Davidson John Franzreb - Sidoti & Company Operator Hello and welcome to the Hillenbrand Q1 2023 Earnings Call and Webcast. [Operator Instructions] As a r ...
Hillenbrand(HI) - 2023 Q1 - Earnings Call Presentation
2023-02-09 15:39
| --- | --- | --- | --- | --- | |----------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | First Quarter FY 2023 | | | | | | Earnings Call Presentation | | | | | | | | | | | | February 9, 2023 | | | | | Hillenbrand Call Participants Kim Ryan President & CEO Bob VanHimbergen SVP & CFO Sam Mynsberge VP, Investor Relations Disclosure Regarding Forward-Looking Statements | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------|---- ...
Hillenbrand(HI) - 2023 Q1 - Quarterly Report
2023-02-08 21:33
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 December 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 ...
Hillenbrand(HI) - 2022 Q4 - Earnings Call Transcript
2022-11-17 18:43
Financial Data and Key Metrics Changes - In Q4 2022, revenue was $750 million, a 1% increase year-over-year, or 7% excluding foreign currency impact [30] - Adjusted EBITDA was $135 million, a decrease of 3%, but increased 3% when excluding foreign currency effects [31] - GAAP net income was $57 million, or $0.81 per share, a 9% increase compared to the prior year [32] - Adjusted earnings per share was $1.05, slightly above expectations and 5% higher than the previous year [33] Business Line Data and Key Metrics Changes - Advanced Process Solutions (APS) revenue was $328 million, flat year-over-year but up 11% excluding foreign currency [35] - Molding Technology Solutions (MTS) revenue was $276 million, a 6% increase year-over-year, or 11% excluding foreign currency [38] - Batesville revenue decreased 6% to $146 million due to lower burial casket volume [42] Market Data and Key Metrics Changes - Total backlog was $1.76 billion, a 5% increase year-over-year, or 18% excluding foreign currency [44][52] - APS backlog reached a record $1.4 billion, a 6% increase year-over-year, or 22% excluding foreign currency [37] - MTS backlog was $364 million, essentially flat year-over-year [39] Company Strategy and Development Direction - The company aims to grow as a world-class global industrial company through innovation, new product development, and strategic acquisitions [9][10] - Recent acquisitions, including Herbold Meckesheim and Peerless, are expected to enhance the company's capabilities in food processing and recycling technologies [21][24] - The company is focused on integrating recent acquisitions and achieving synergies while maintaining a disciplined approach to M&A [26][107] Management's Comments on Operating Environment and Future Outlook - Management acknowledged significant macro headwinds from inflation, supply chain disruptions, and foreign currency impacts but expressed confidence in the company's resilience [16][45] - The outlook for fiscal 2023 includes expected revenue of $3.3 billion to $3.4 billion, representing organic growth of 3% to 6% [57] - Management noted that while order softness is expected in the MTS segment, the APS segment remains strong with a healthy project pipeline [55][65] Other Important Information - The company plans to prioritize debt reduction following recent acquisitions, with a focus on returning to net leverage guardrails [53][111] - Capital expenditures for fiscal 2023 are expected to be approximately $70 million, higher due to supplier delays [51] - The strategic alternatives review for Batesville is ongoing, with management confident in achieving a favorable outcome [27][98] Q&A Session Summary Question: Update on Advanced Process Solutions orders - Management confirmed record order levels in APS, with a robust pipeline and strong service business [78][80] Question: Demand trends in Molding Technology Solutions - Management noted some softness in capital orders but continued strength in parts orders, with expectations for improvement in the second half of the year [84][87] Question: Cost and revenue synergies from recent acquisitions - Management expects about $10 million in synergies from the Linxis acquisition over the next several years, with ongoing cross-selling opportunities [95] Question: Status of Batesville strategic alternatives - Management is confident in the interest levels and opportunities available in the market despite challenging conditions [98] Question: Organic guidance split between volume and price - Management indicated that volume will be the primary driver in APS, while MTS will see a mix of price and slight volume headwinds [100][103]
Hillenbrand(HI) - 2022 Q3 - Earnings Call Presentation
2022-11-17 15:06
Q4 FY 2022 EARNINGS CALL PRESENTATION November 17, 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 earnings release, we make a number of "forward-looking statements," including statements regarding the exploration of potential strategic alternatives for our Batesville reportable operating segment (the "S ...
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 ...