Company Overview - Hillenbrand, Inc. (NYSE: HI) is a global industrial company providing highly-engineered, mission-critical processing equipment and solutions to customers in over 100 countries [4] - The company's portfolio includes leading industrial brands serving large end markets such as durable plastics, food, and recycling [4] - Hillenbrand is guided by its purpose to "Shape What Matters For Tomorrow," focusing on excellence, collaboration, and innovation [4] Upcoming Events - Hillenbrand will hold a conference call and webcast on April 30, 2025, at 8:00 a.m. ET to discuss the results for the second quarter of fiscal year 2025, which ended on March 31, 2025 [1] - A press release reporting the financial results will be issued after the market closes on April 29, 2025 [3] - The live webcast will be available on the company's investor relations website and archived until May 30, 2025 [1]

Core Viewpoint - Hillenbrand, Inc. has completed the sale of its majority interest in the Milacron injection molding and extrusion business to Bain Capital for $287 million, aligning with its strategy to enhance margins by focusing on higher growth opportunities [1][4]. Group 1: Sale Details - The Milacron business was acquired by Hillenbrand in 2019 and contributed $526 million in revenues and $64 million in adjusted EBITDA in fiscal 2024 [2][3]. - Following the sale, Bain Capital owns approximately 51% of Milacron and has full operational control, while Hillenbrand retains a 49% stake [4]. Group 2: Financial Implications - Hillenbrand plans to use the net proceeds of approximately $250 million from the sale to repay its debt [4]. - The fiscal 2025 revenue outlook for Hillenbrand's remaining businesses has been updated to a range of $2.625 - $2.790 billion, down from the previous estimate of $2.925 - $3.090 billion [5]. - Total adjusted EBITDA is expected to be between $411 million and $447 million, with adjusted earnings per share anticipated in the range of $2.45 - $2.80 [6]. Group 3: Stock Performance - Hillenbrand's stock has experienced a significant decline, losing 50.5% over the past year, compared to an 11.4% decline in the industry [7].

Core Viewpoint - Hillenbrand, Inc. has completed the sale of its majority interest in the Milacron injection molding and extrusion business to Bain Capital for $287 million, retaining a 49% ownership stake [1][2][3] Group 1: Transaction Details - Bain Capital now holds approximately 51% of Milacron and has full operational control, while Hillenbrand retains a 49% stake [2] - The transaction is expected to yield after-tax net proceeds of approximately $250 million for Hillenbrand, which will be used to pay down debt [4] Group 2: Strategic Implications - This sale reflects Hillenbrand's ongoing transformation into a pure-play industrial company, allowing it to focus on core process and automation equipment for food, pharmaceutical, and polymer markets [3] - The partnership with Bain Capital is anticipated to enhance Milacron's growth potential and operational success, leveraging Bain's resources and focus [4] Group 3: Historical Context - Hillenbrand acquired Milacron Holdings Corp. in 2019, which included Milacron's injection molding and extrusion business, along with Mold-Masters, DME, and Cimcool [3] - Hillenbrand previously sold the Cimcool business in 2020 and continues to own Mold-Masters and DME [3]

Core Viewpoint - Investors in Hillenbrand (HI) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Apr 17, 2025 $17.50 Put option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectations for future stock movement, with high levels suggesting potential significant price changes or upcoming events that could lead to a rally or sell-off [2] - The current high implied volatility for Hillenbrand may signal a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4] Group 2: Analyst Sentiment - Hillenbrand currently holds a Zacks Rank of 4 (Sell) within the Industrial Services industry, which is in the bottom 23% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, while one has lowered theirs, resulting in a decrease in the Zacks Consensus Estimate from 62 cents per share to 54 cents [3]

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]

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].

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 ...

Group 1 - Highland Copper Company Inc. is participating in multiple upcoming conferences, including the Emerging Growth Conference, Mines and Money Miami, BMO Global Metals & Mining Conference, Red Cloud's Pre-PDAC 2025 Mining Showcase, PDAC, and Centurion One Capital 8 Annual Growth Conference [1][2] - The CEO, Barry O'Shea, will present at several of these events, providing opportunities for investors to engage in real-time Q&A sessions [1][2] - Highland Copper focuses on exploring and developing copper projects in Michigan, owning the Copperwood deposit and a 34% stake in the White Pine North project [3] Group 2 - The company has a total of 736,363,619 common shares issued and outstanding, listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [3] - Highland Copper has secured surface rights for the Copperwood deposit, which facilitates access and infrastructure development [3]

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) Q1 2025 Earnings Call February 06, 2025 08:00 AM ET Company Participants Sam Mynsberge - Director of Investor RelationsKimberly Ryan - President and Chief Executive OfficerRobert VanHimbergen - CFO & Senior VPDaniel Moore - Partner - Director of Research Conference Call Participants Mitchell Moore - Associate Analyst Operator Greetings and welcome to the Hildebrand First Quarter and Full Year twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A quest ...