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]

Core Viewpoint - Hillenbrand reported quarterly earnings of $0.85 per share, exceeding the Zacks Consensus Estimate of $0.82, but down from $0.95 per share a year ago [1][2] Earnings Performance - The earnings surprise for the quarter was 3.66%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - The company posted revenues of $786.6 million for the quarter, missing the Zacks Consensus Estimate by 3.59%, compared to $716.6 million in the same quarter last year [3] Stock Performance - Hillenbrand shares have declined approximately 18.2% year-to-date, contrasting with the S&P 500's gain of 9.9% [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 $1.11 on revenues of $884 million, and for the current fiscal year, it is $3.36 on revenues of $3.26 billion [8] - The outlook for the Industrial Services industry, where Hillenbrand operates, is currently in the bottom 9% of Zacks industries, which may impact stock performance [9]

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. ...

The market expects Hillenbrand (HI) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

It's been a rough month for manufacturing stocks. The reading on manufacturing activity is one of the most closely watched economic reports. In July, the S&P Global Flash U.S. Manufacturing Purchasing Managers Index came in at 49.5. The number was lower than estimated at 51.7, approximately equal to the 49 registered in July 2023. It also was the lowest reading recorded since November 2023. Any number under 50 indicates contraction, which is another example of an economy that continues to take one step forw ...

Hillenbrand will issue a press release reporting its results after the market closes on Wednesday, August 7, 2024. The full text of the release and financials will be available at http://ir.hillenbrand.com. BATESVILLE, Ind., July 18, 2024 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) will hold a conference call and simultaneous webcast Thursday, August 8, 2024, at 8:00 a.m. ET. They will discuss the results for the third quarter of fiscal year 2024, which ended June 30, 2024. The live webcast, including a sl ...

Core Viewpoint - The analyst projects that Hillenbrand Inc (HI) will achieve its updated fiscal year (FY) guidance, setting the stage for momentum into FY25 despite current cyclical concerns [2][4]. Financial Performance - Hillenbrand Inc expects adjusted earnings per share (EPS) of $3.30 to $3.50 for FY24, down from a prior view of $3.60 to $3.95. The analyst forecasts FY24 EPS at $3.35 with revenues of $3.253 billion [8]. - The company has experienced a slowdown in short-cycle hot-runners during FY23 and early FY24, with a higher proportion of longer-cycle, lower-margin injection molding machines negatively impacting margins [9]. Market Dynamics - Current cyclical dynamics are described as choppy, but there are signs of leading indicators improving from trough levels, which should positively affect the MTS business and its expected ramp in the second half of FY24 [5]. - The trend is anticipated to reverse through the remainder of FY24, approaching long-term targets by FY26 [7]. Analyst Coverage - KeyBanc Capital Markets analyst Jeffrey D. Hammond initiated coverage on Hillenbrand Inc with a price forecast of $50, indicating a potential for the shares to re-rate higher despite near-term cyclical concerns [6][10]. - HI shares are currently trading higher by 6.79% to $40.56 [11].