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Newsweek Names Hillenbrand to America's Most Responsible Companies 2025 List
Prnewswire· 2024-12-04 21:02
BATESVILLE, Ind., Dec. 4, 2024 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI), a leading global provider of highly-engineered processing equipment and solutions, has been named by Newsweek as one of America's Most Responsible Companies, a program that recognizes companies' efforts to advance environmental, social, and governance (ESG) practices. Presented annually by Newsweek and global data firm Statista, the list includes top U.S. companies that were assessed on more than 30 key performance indicators withi ...
Hillenbrand(HI) - 2024 Q4 - Annual Report
2024-11-19 22:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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, 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 No. 001-33794 HILLENBRAND, INC. (Exact name of registrant as specified in its charter) IN 26-1342272 (State or other jurisdic ...
Hillenbrand Q4 Earnings Beat Estimates, Decline Y/Y on Low Volumes
ZACKS· 2024-11-18 19:06
Hillenbrand HI reported adjusted earnings per share (EPS) of $1.01 in fourth-quarter fiscal 2024 (ended Sept. 30, 2024), which beat the Zacks Consensus Estimate of 93 cents. The bottom line declined 11% year over year due to cost inflation, lower volume and higher interest expense. This was partially offset by the Schenck Process Food and Performance Materials (“FPM”) acquisition, favorable pricing and savings from the previously announced restructuring.Including one-time items, HI reported earnings of 17 c ...
Hillenbrand(HI) - 2024 Q4 - Earnings Call Transcript
2024-11-14 15:06
Financial Data and Key Metrics Changes - The company reported Q4 revenue of $838 million, a 10% increase year-over-year, but a 1% decrease organically, reflecting an improvement from the prior quarter [8][18] - For the full year, consolidated revenue increased 13% to $3.18 billion, primarily driven by the FPM acquisition and strong aftermarket growth, but organic revenue was down 5% [9][24] - Adjusted EBITDA for Q4 was $144 million, a 2% decrease year-over-year, and down 13% organically due to cost inflation and lower volume [18][24] - GAAP net income for Q4 was $12 million, down from $17 million in the prior year, largely due to increased business integration costs [18][24] - Adjusted net income for the full year was $234 million, resulting in adjusted earnings per share of $3.32, a decrease of 6% compared to the prior year [25] Business Line Data and Key Metrics Changes - In the Advanced Process Solutions (APS) segment, Q4 revenue was $591 million, a 15% increase year-over-year, but organic revenue decreased 2% [20] - The Molding Technology Solutions (MTS) segment reported Q4 revenue of $247 million, essentially flat compared to the prior year, with adjusted EBITDA of $42 million, down 8% [22][24] - APS backlog decreased 10% year-over-year to $1.7 billion, while MTS backlog decreased 1% to $241 million [20][22] Market Data and Key Metrics Changes - Demand for large polyolefin systems and aftermarket parts was robust, but orders for mid-sized equipment faced challenges due to macroeconomic uncertainties [7][9] - The company noted improved orders in India for injection molding equipment, while hot runner demand in China showed slight improvements but remained low [10][11][51] Company Strategy and Development Direction - The company aims to optimize its cost structure and enhance trade working capital efficiencies while focusing on aftermarket performance [4][5] - The integration of the FPM acquisition is progressing well, with a target of achieving $30 million in run-rate cost savings [14][16] - The company is committed to leveraging its global footprint and operating model capabilities to achieve margin expansion and top-line growth once demand normalizes [15][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future despite ongoing macroeconomic challenges, emphasizing the strength of its market position and the health of end markets [5][32] - The outlook for fiscal 2025 anticipates total revenues of approximately $2.93 billion to $3.09 billion, reflecting a decline primarily driven by the APS segment [27][28] - Management highlighted that while demand remains subdued, there are expectations for modest improvements in order volume as capital budgets are unlocked [35][36] Other Important Information - The company published its first task force on climate-related financial disclosures report, demonstrating its commitment to sustainability [17] - Recent updates included the election of Joseph Lower to the Board of Directors, enhancing the Board's financial expertise [16] Q&A Session Summary Question: Order trends for fiscal 2025 - Management indicated that capital budgets are currently locked down, but expects orders to trickle in starting in the fiscal second quarter as budgets are unlocked [35] Question: Hot runner demand across industries - Management noted stability and slight growth in the hot runner market, particularly in India and China, with ongoing efforts to expand into new end markets [37] Question: Confidence in food and pharma markets - Management stated that consumer demand is a key driver for capital spending in food and pharma, and while stable, it is too early to predict pent-up demand [39][40] Question: Factors influencing APS segment performance - Management highlighted that lower volumes, timing of incentive compensation, and a mix of lower-margin projects impacted APS performance [43] Question: Pricing pressures in MTS - Management confirmed ongoing price pressures in MTS, with expectations of muted pricing recovery in fiscal 2025 [45] Question: Integration success and future M&A plans - Management acknowledged successful integration of FPM and indicated active considerations for future M&A opportunities [68]
Hillenbrand(HI) - 2024 Q4 - Earnings Call Presentation
2024-11-14 13:05
SHAPE WHAT MATTERS FOR TOMORROW" HILLENBRAND Fourth Quarter FY 2024 Earnings Call Presentation November 14, 2024 Hillenbrand Call Participants Kim Ryan President & CEO Bob VanHimbergen SVP & CFO Sam Mynsberge VP, Investor Relations 2 Disclosure Regarding Forward-Looking Statements Throughout this earnings presentation, we make a number of "forward-looking statements," including statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exch ...
Hillenbrand (HI) Q4 Earnings and Revenues Beat Estimates
ZACKS· 2024-11-13 23:45
Hillenbrand (HI) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.60%. A quarter ago, it was expected that this diversified industrial company specializing in business-to-business products would post earnings of $0.82 per share when it actually produced earnings of $0.85, delivering ...
Hillenbrand(HI) - 2024 Q4 - Annual Results
2024-11-13 21:34
Exhibit 99.1 HILLENBRAND Hillenbrand Reports Fiscal Fourth Quarter and Full Year 2024 Results • Q4 revenue of $838 million increased 10% compared to prior year; organic revenue decreased 1% • Q4 GAAP EPS of $0.17 decreased from $0.24 in the prior year; adjusted EPS of $1.01 decreased 11% • Strong Q4 operating cash flow of $167 million, up $93 million compared to prior year; net leverage decreased sequentially to 3.3x • FY 2024 revenue of $3.18 billion increased 13% vs. prior year; organic revenue decreased ...
Hillenbrand Reports Fiscal Fourth Quarter and Full Year 2024 Results
Prnewswire· 2024-11-13 21:24
Q4 revenue of $838 million increased 10% compared to prior year; organic revenue decreased 1% Q4 GAAP EPS of $0.17 decreased from $0.24 in the prior year; adjusted EPS of $1.01 decreased 11% Strong Q4 operating cash flow of $167 million, up $93 million compared to prior year; net leverage decreased sequentially to 3.3x FY 2024 revenue of $3.18 billion increased 13% vs. prior year; organic revenue decreased 5% FY 2024 GAAP EPS of $(3.03) decreased from $1.53 in the prior year largely due to a non-cash impai ...
Hillenbrand Schedules Fourth Quarter 2024 Earnings Call for November 14, 2024
Prnewswire· 2024-10-24 20:06
BATESVILLE, Ind., Oct. 24, 2024 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) will hold a conference call and simultaneous webcast Thursday, November 14, 2024, at 8:00 a.m. ET. They will discuss the results for the fourth quarter and full fiscal year 2024, which ended September 30, 2024. The live webcast, including a slide presentation, will be available at http://ir.hillenbrand.com under the "Events & Presentations" tab and will be archived on the company's investor relations website through Thursday, Decem ...
Hillenbrand Elects Joseph Lower to the Board of Directors and Establishes Vice Chairperson Roles
Prnewswire· 2024-10-21 20:43
Mr. Lower Brings Decades of Leadership Experience in Finance, Strategy, and Business DevelopmentMr. Lower Named as Vice Chairperson of Audit CommitteeDirector Inderpreet Sawhney Named as Vice Chairperson of Nominating/Corporate Governance CommitteeBATESVILLE, Ind., Oct. 21, 2024 /PRNewswire/ -- Hillenbrand, Inc. (the "Company") (NYSE: HI), a leading global provider of highly-engineered processing equipment and solutions, announced today that Joseph T. Lower, former Executive Vice President and Chief Financi ...