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Highland Copper Receives Approval for Updated Air Permit Application
GlobeNewswire· 2025-03-04 12:30
Core Points - Highland Copper Company has received approval for its updated air permit application from the Michigan Department of Environment, Great Lakes, and Energy (EGLE) [1][3] - The new permit replaces the existing one from 2018 and allows the Copperwood Project to use on-site generators to supplement power when necessary, enhancing operational efficiency [2][4] - The approval process included a public comment period and a virtual hearing, demonstrating a thorough regulatory review [3][4] Company Overview - Highland Copper Company is focused on exploring and developing copper projects in Michigan's Upper Peninsula, owning the Copperwood deposit and a 34% stake in the White Pine North project [5] - The company holds surface rights for the Copperwood deposit, facilitating infrastructure development as needed [5] - Highland Copper has 736,363,619 common shares outstanding, listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [5]
Western Upper Peninsula Communities Demonstrate Continued Support for the Copperwood Mine Project
GlobeNewswire· 2025-02-20 12:30
Core Viewpoint - The Copperwood Mine project by Highland Copper Company is gaining strong local support, expected to create over 700 jobs and contribute to economic growth in Michigan's Western Upper Peninsula while adhering to strict environmental standards [1][2][3]. Community Support - Multiple local government bodies, including Ironwood Township, Wakefield Township, and Gogebic County, have unanimously approved resolutions supporting the Copperwood Mine, highlighting the community's desire for economic development [1][4]. - The project is seen as a critical opportunity for the region, with local leaders emphasizing its potential to provide good-paying jobs and improve infrastructure [2][3][5]. Economic Impact - The Copperwood Mine is projected to significantly boost Gogebic County's economy, with local officials noting the importance of state grants for energy and infrastructure improvements [2][4]. - The project is expected to create over 700 direct and indirect jobs, enhancing the economic stability of the region [1][3]. Environmental Considerations - The Copperwood project is one of the few fully permitted greenfield copper mines in the U.S., designed to meet stringent environmental regulations and minimize ecological impact [3][4]. - The project includes a commitment to preserve or create wetlands at a ratio of 12:1 relative to impacted wetlands and will not draw water from Lake Superior [3]. Industry Significance - The Copperwood Mine is positioned as a vital project for America's advanced manufacturing and national security, emphasizing the importance of local copper mining [6]. - Highland Copper Company is focused on developing copper projects in Michigan, with the Copperwood deposit secured through long-term mineral leases [8].
Hillenbrand Declares Second Quarter Dividend of $0.225 Per Share
Prnewswire· 2025-02-18 21:22
BATESVILLE, Ind., Feb. 18, 2025 /PRNewswire/ -- The board of directors of Hillenbrand, Inc. (NYSE: HI) has declared a regular quarterly cash dividend of $0.225 per share on the company's common stock. The dividend is payable March 31, 2025, to shareholders of record at the close of business on March 14, 2025.About HillenbrandHillenbrand (NYSE: HI) is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers in over 100 countries around the ...
Highland Copper to Present at Upcoming Events
GlobeNewswire· 2025-02-18 18:00
VANCOUVER, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) is pleased to announce that Barry O’Shea, Highland Copper’s CEO, will attend and present at the following conferences: Emerging Growth Conference (Virtual)Date: Tuesday, February 18, 2025Time: 1:45 – 2:15 PM ETLink: https://goto.webcasts.com/starthere.jsp?ei=1696664&tp_key=a17d7ff4c2&sti=hdrsf Mines and Money Miami (Miami)Date: February 20 and 21, 2025Stand: D15 ...
Hillenbrand(HI) - 2025 Q1 - Earnings Call Transcript
2025-02-06 16:48
Financial Data and Key Metrics Changes - Consolidated revenue for Q1 2025 was $707 million, down 9% year over year, but in line with expectations [26][28] - Adjusted earnings per share decreased by 19% to $0.56, consistent with expectations [28] - Adjusted EBITDA was $97 million, a decrease of 15% year over year, with an adjusted EBITDA margin of 13.7%, down 110 basis points [27][28] Business Line Data and Key Metrics Changes - Advanced Process Solutions (APS) revenue was $511 million, down 10% year over year, with adjusted EBITDA of $83 million, a decrease of 14% [30] - Molding Technology Solutions (MTS) revenue was $196 million, down 5% year over year, with adjusted EBITDA of $27 million, a decrease of 15% [33] - Backlog for APS decreased by 17% to $1.6 billion, while MTS backlog increased by 1% to $233 million [32][34] Market Data and Key Metrics Changes - Demand in North America, particularly in automotive, remains soft due to tariff uncertainty, while stability is observed in Asia, especially India [22][24] - The food, health, and nutrition (FHN) end markets showed increased demand, particularly in North America, with record orders in the quarter [18][64] Company Strategy and Development Direction - The company is focused on transforming its portfolio towards higher margin and growth opportunities, exemplified by the sale of a 51% stake in Milacron for $287 million [8][9] - The strategy includes concentrating resources on core businesses, enhancing margin profiles, and reducing cyclicality [11][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth outlook despite current macroeconomic uncertainties, including inflation and interest rates [12][25] - The company anticipates a modest increase in leverage in Q2 before reducing it to the low threes by the end of the fiscal year [35][40] Other Important Information - The company plans to use net proceeds from the Milacron sale for debt reduction, with an expected close by the end of Q2 or early Q3 [36][37] - The updated fiscal year guidance reflects approximately six months of Milacron's performance, with revenue expectations adjusted to $2.63 billion to $2.8 billion [40][41] Q&A Session Summary Question: What factors are influencing customer order decisions in APS? - Management noted that geopolitical issues and interest rate clarity are significant factors affecting customer decisions, with strong pipelines in regions like India and Saudi Arabia [47][50] Question: What percentage of revenue does aftermarket represent, and what is the outlook? - Aftermarket orders accounted for nearly 40% of total orders for the quarter, with expectations to maintain a target of around 30% for the year [55][57] Question: What drove the decision to sell a majority stake in Milacron? - The decision was based on a regular review of assets, determining that this structure would create the best return for shareholders while allowing Milacron to pursue growth opportunities [70][72] Question: What are the expected EBITDA margins and growth for MTS post-divestiture? - MTS is expected to recover to mid-twenties margins with low single-digit growth in the medium to long term [78][96] Question: What is the expected free cash flow conversion capability post-divestiture? - The target remains at 100% conversion, with expectations to be closer to that number in eighteen months as integration efforts conclude [98]
Hillenbrand(HI) - 2025 Q1 - Earnings Call Presentation
2025-02-06 13:25
First Quarter FY 2025 Earnings Call Presentation February 6, 2024 Hillenbrand Call Participants 2 Kim Ryan President & CEO Bob VanHimbergen SVP & CFO Sam Mynsberge VP, Investor Relations Q1 2024 Q1 2025 $2.1B Q1 2024 Q1 2025 $1.8B -15% $0.69 $0.56 Q1 2024 Q1 2025 Revenue Total Backlog Adj. EPS $773M $707M -19% -9% 1 All CY and PY results reflect continuing operations, which excludes the divested Batesville segment. Q1 results include Milacron. 2 Adjusted EPS is a non-GAAP financial measure. See appendix for ...
Hillenbrand (HI) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-02-06 00:01
Hillenbrand (HI) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.70%. A quarter ago, it was expected that this diversified industrial company specializing in business-to-business products would post earnings of $0.93 per share when it actually produced earnings of $1.01, delivering ...
Hillenbrand(HI) - 2025 Q1 - Quarterly Report
2025-02-05 21:49
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, 2024 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) - 2025 Q1 - Quarterly Results
2025-02-05 21:37
Updates Full Year Guidance to Reflect Transaction; Maintains Outlook for Remaining Businesses BATESVILLE, Ind., February 5, 2025 --/PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI), a leading global provider of highly-engineered processing equipment and solutions, reported results for the fiscal first quarter, which ended December 31, 2024, and announced the majority sale of its Milacron injection molding and extrusion business, within the Molding Technology Solutions (MTS) segment, to an affiliate of Bain Capit ...
Hillenbrand Reports Fiscal First Quarter 2025 Results and Announces Sale of Majority Stake in Milacron Injection Molding and Extrusion Business
Prnewswire· 2025-02-05 21:17
Updates Full Year Guidance to Reflect Transaction; Maintains Outlook for Remaining Businesses BATESVILLE, Ind., Feb. 5, 2025 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI), a leading global provider of highly-engineered processing equipment and solutions, reported results for the fiscal first quarter, which ended December 31, 2024, and announced the majority sale of its Milacron injection molding and extrusion business, within the Molding Technology Solutions (MTS) segment, to an affiliate of Bain Capital. Re ...