Core Points - Highland Copper Company has awarded the Front-End Engineering and Design (FEED) contracts for its Copperwood Project to DRA Global, marking a significant advancement in the project's development [1][2] - The collaboration with DRA Global is aimed at ensuring the successful and responsible execution of the Copperwood Project, leveraging DRA's expertise in mine and process plant engineering [2][3] - The phased approach to engineering will focus on optimizing mine and process design while minimizing environmental impact, with the FEED work expected to finalize capital cost estimates and development schedules [3] Company Overview - Highland Copper Company is a Canadian firm focused on exploring and developing copper projects in Michigan, owning the Copperwood deposit and a 34% stake in the White Pine North project [4] - The company has 736,363,619 common shares outstanding, listed on the TSX Venture Exchange under the symbol "HI" and trading on the OTCQB under "HDRSF" [4] DRA Global Overview - DRA Global is an international engineering and project delivery group specializing in the mining, minerals processing, and metals sectors, known for its commitment to environmental sustainability [5]

BATESVILLE, Ind., Dec. 5, 2024 /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. On an annualized basis, this is an increase of $0.01 per share to a total rate of $0.90 per share in fiscal 2025. The dividend is payable December 31, 2024, to shareholders of record at the close of business on December 16, 2024.About HillenbrandHillenbrand (NYSE: HI) is a global industrial company that provide ...

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 ...

Company Performance - Hillenbrand reported quarterly earnings of $1.01 per share, exceeding the Zacks Consensus Estimate of $0.93 per share, but down from $1.13 per share a year ago [1] - The earnings surprise for the quarter was 8.60%, following a previous surprise of 3.66% when earnings were $0.85 per share against an expectation of $0.82 [2] - The company posted revenues of $837.6 million for the quarter, surpassing the Zacks Consensus Estimate by 5.12% and up from $762.8 million year-over-year [3] Market Performance - Hillenbrand shares have declined approximately 35.8% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [4] - The current Zacks Rank for Hillenbrand is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.83 on revenues of $795 million, and for the current fiscal year, it is $3.24 on revenues of $3.28 billion [8] - The outlook for the industry, particularly the Zacks Industry Rank for Industrial Services, is in the bottom 34% of over 250 Zacks industries, which may impact stock performance [9]

Core Insights - Hillenbrand, Inc. reported a Q4 revenue of $838 million, a 10% increase year-over-year, while organic revenue decreased by 1% [1][3] - The company experienced a GAAP EPS of $0.17, down from $0.24 in the prior year, and an adjusted EPS of $1.01, a decrease of 11% [1][4] - For FY 2024, total revenue reached $3.18 billion, a 13% increase compared to the previous year, but organic revenue fell by 5% [1][10] - The company anticipates FY 2025 adjusted EPS guidance of $2.80 to $3.15, with Q1 adjusted EPS expected between $0.52 and $0.57 [1][17] Financial Performance - Q4 total net revenue was $837.6 million, up from $762.8 million, with organic net revenue at $754.8 million, down from $762.8 million [3] - GAAP net income for Q4 was $12.1 million, a 29% decrease from $17 million in the prior year [3][4] - Adjusted EBITDA for Q4 was $143.8 million, a 2% decrease year-over-year, with organic adjusted EBITDA down 13% [5][6] - FY 2024 total adjusted EBITDA was $511.7 million, a 6% increase from the previous year, while organic adjusted EBITDA decreased by 12% [11][12] Operational Highlights - The company generated strong operating cash flow of $167 million in Q4, an increase of $93 million compared to the prior year [1][3] - As of September 30, 2024, net debt stood at $1.69 billion, with a net debt to pro forma adjusted EBITDA ratio of 3.3x [14] - The backlog decreased by 10% year-over-year to $1.68 billion, indicating potential challenges in future revenue generation [7] Segment Performance - Advanced Process Solutions (APS) reported Q4 net revenue of $591 million, a 15% increase year-over-year, but organic revenue decreased by 2% [6][8] - Molding Technology Solutions (MTS) had net revenue of $246.5 million, essentially flat compared to the prior year, with adjusted EBITDA down 8% [8][9] - The company noted that favorable pricing and higher aftermarket parts and service revenue were offset by lower capital equipment volume across segments [3][10] Future Outlook - The company expressed caution regarding near-term revenue outlook due to macroeconomic challenges but remains optimistic about long-term growth trends [2][16] - FY 2025 revenue guidance is projected to decline mid-single digits, primarily driven by the APS segment [16][17] - The focus will be on cost management and operational efficiencies to navigate the uncertain environment while continuing to innovate [2][16]

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 ...

Core Insights - Hillenbrand, Inc. has appointed Joseph T. Lower as an independent director on its Board of Directors, effective December 1, 2024 [1][4] - Mr. Lower will also serve as Vice Chairperson of the Audit Committee and will participate in the Nominating/Corporate Governance Committee and Mergers and Acquisitions Committee [4] - Inderpreet Sawhney has been named Vice Chairperson of the Nominating/Corporate Governance Committee, bringing her legal expertise to the Board [4] Company Background - Hillenbrand, Inc. is a global industrial company providing highly engineered processing equipment and solutions to customers in over 100 countries [5] - The company focuses on large end markets, including durable plastics, food, and recycling, and aims to deliver shareholder value through strategic planning and innovation [5] Leadership Experience - Mr. Lower has over 30 years of leadership experience in finance, strategy, and business development, including roles as CFO at AutoNation and Office Depot [2][3] - His background includes significant experience in mergers and acquisitions, which will be leveraged in his new role on the Board [4] Board Development - The addition of Mr. Lower and the new role for Ms. Sawhney reflects Hillenbrand's commitment to Board development and succession planning, aligning skillsets with the company's long-term growth strategy [3][4]

Group 1 - Hillenbrand, Inc. has declared a regular quarterly cash dividend of $0.2225 per share on its common stock [1] - The dividend is payable on September 30, 2024, to shareholders of record at the close of business on September 16, 2024 [1] Group 2 - Hillenbrand is a global industrial company providing highly-engineered, mission-critical processing equipment and solutions to customers in over 100 countries [2] - The company's portfolio includes leading industrial brands serving large end markets such as durable plastics, food, and recycling [2] - Hillenbrand is guided by its purpose to shape what matters for tomorrow, focusing on excellence, collaboration, and innovation [2]

Hillenbrand (HI) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 3.66%. A quarter ago, it was expected that this diversified industrial company specializing in business-to-business products would post earnings of $0.75 per share when it actually produced earnings of $0.76, delivering ...

Revenue of $787 million increased 10% compared to prior year; organic revenue decreased 8% GAAP EPS of $(3.53) decreased from $0.60 in the prior year primarily due to non-cash impairment charges of $265 million; adjusted EPS of $0.85 decreased 11% compared to prior year Previously announced restructuring program remains on track to deliver $20 million in annual run-rate savings in FY25; accelerating additional cost actions and synergies across the enterprise Updated Outlook: FY24 adjusted EPS of $3.20 - $3. ...