BATESVILLE, Ind., July 1, 2025 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) announced today that, in conjunction with its majority-stake joint venture partner, it has completed the divestiture of its minority stake interest in TerraSource Holdings (TerraSource) to Astec Industries, in a transaction with a total purchase price of approximately $245 million.Hillenbrand received approximately $115 million from the transaction which is being used to pay down debt.About HillenbrandHillenbrand (NYSE: HI) is a glo ...

WESTFORD, Mass., May 28, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it received orders with a combined value of $18 million from three lumber producers in North America and Europe since its first quarter earnings call. The capital equipment orders are expected to ship between the end of 2025 and the third quarter of 2026. The equipment and technologies to be supplied will be used to debark, strand, chip, and batch feed whole logs and lumber wastewood to produce oriented strand board (OSB) an ...

Any number of factors, many of which are beyond our control, could cause our performance to differ significantly from what is described in the forward-looking statements. These factors include, but are not limited to: global market and economic conditions, including those related to the continued volatility in the financial markets, including as a result of the United States ("U.S.") presidential election and the new U.S. administration's recently announced tariffs and changed trade policies; the risk of bu ...

BATESVILLE, Ind., May 7, 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 on June 30, 2025, to shareholders of record at the close of business on June 16, 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 w ...

JBT Marel (JBT) Q1 2025 Earnings Call May 05, 2025 11:00 AM ET Company Participants Marlee Spangler - Senior Director - Investor RelationsBrian Deck - President & CEOÁrni Sigurdsson - PresidentMatthew Meister - EVP & CFOJustin Ages - Director - Equity Research Conference Call Participants Mircea Dobre - Associate Director of Research & Senior Research AnalystRoss Sparenblek - Equity Research Analyst Operator Welcome to JBT Morell's Earnings Conference Call for the First Quarter of twenty twenty five. My nam ...

JBT Marel (JBT) Q1 2025 Earnings Call May 05, 2025 11:00 AM ET Company Participants Marlee Spangler - Senior Director - Investor RelationsBrian Deck - President & CEOÁrni Sigurdsson - PresidentMatthew Meister - EVP & CFOJustin Ages - Director - Equity Research Conference Call Participants Mircea Dobre - Associate Director of Research & Senior Research AnalystRoss Sparenblek - Equity Research Analyst Operator Welcome to JBT Morell's Earnings Conference Call for the First Quarter of twenty twenty five. My nam ...

Financial Data and Key Metrics Changes - JBT Morell's revenue exceeded guidance by $19 million, driven by better-than-expected equipment shipments and strong recurring revenue [17] - Adjusted EBITDA margin was 13.1%, outperforming guidance by 60 basis points, attributed to volume flow-through, favorable mix, and good expense control [17] - Free cash flow for the first quarter was $18 million, including approximately $42 million in one-time M&A related payments [19] Business Line Data and Key Metrics Changes - JBT segment revenue increased by 4% year over year, or 5.6% on a constant currency basis, with adjusted EBITDA of $61 million, up 6% [18] - MRL segment revenue was flat year over year but grew 2% on a constant currency basis, with adjusted EBITDA increasing by 19% to $51 million [19] Market Data and Key Metrics Changes - Demand from the poultry industry showed a 12% year-over-year increase, continuing a recovery trend [5] - The company experienced healthy orders across diversified end markets, including meat, beverage, pharma, and pet food [5] Company Strategy and Development Direction - The company is focused on integrating its two organizations to enhance customer service and product offerings [13] - JBT Morell aims to leverage its comprehensive portfolio of solutions to support customers across the entire production value chain [15] - The company has temporarily suspended full-year financial guidance due to macroeconomic uncertainties and tariff impacts [7][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage near-term impacts from tariffs and macroeconomic uncertainties [7] - There is less visibility for the second half of the year due to potential slower economic growth and higher prices affecting customer investment decisions [8] - Management noted that approximately half of the company's revenue comes from resilient recurring revenue, which is beneficial in uncertain times [11] Other Important Information - The estimated annualized cost impact from tariffs is approximately $50 million to $60 million, or $12 million to $15 million per quarter [10] - The company expects to achieve total in-year cost synergies of $35 million to $40 million in 2025, with annual run rate savings of $80 million to $90 million by the end of the year [20] Q&A Session Summary Question: Thoughts on guidance and customer behavior changes - Management indicated that the decision to pull full-year guidance was due to lack of clarity in the environment, not significant changes in customer behavior [26][28] Question: Recurring revenue impact from tariffs - Management believes that the recurring revenue component is less likely to be impacted by tariffs, as there was strong order strength in parts before tariff visibility [34] Question: Backlog and order delays - Management clarified that the backlog was affected by foreign exchange and adjustments during the integration process, with no significant cancellations reported [45] Question: Integration and demand impact - Management stated that cost synergies can continue regardless of demand changes, but material purchasing volume could be a risk in a lower demand environment [94]

Q1 2025 Earnings Presentation May 5, 2025 FORWARD LOOKING AND NON-GAAP STATEMENTS This presentation contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond JBT Marel's ability to control. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estim ...

Core Viewpoint - Hillenbrand, Inc. reported a decline in financial performance for the fiscal second quarter of 2025, primarily due to lower capital equipment volume and increased macroeconomic uncertainty, leading to an adjusted outlook for the remainder of the fiscal year [2][3][7]. Financial Performance Summary - Net revenue for the second quarter was $715.9 million, a decrease of 9% from $785.3 million in the prior year, mainly due to lower capital equipment volume [3][7]. - GAAP net loss attributable to Hillenbrand was $40.9 million, or $(0.58) per share, compared to a profit of $6.1 million, or $0.09 per share, in the prior year [4][7]. - Adjusted EBITDA was $98.8 million, down 19% from $122.6 million year-over-year, primarily due to lower volume and cost inflation [5][7]. - Adjusted diluted EPS was $0.60, a decrease of 21% compared to $0.76 in the prior year [5][7]. Segment Performance - Advanced Process Solutions (APS) segment net revenue was $494 million, down 12% from $559.2 million, primarily due to lower capital equipment volume [6][8]. - Molding Technology Solutions (MTS) segment net revenue was $221.9 million, a decrease of 2% from $226.1 million, driven by unfavorable foreign currency exchange rates [10][11]. Backlog and Future Outlook - Total backlog decreased by 15% year-over-year to $1.59 billion, primarily due to lower order intake, although it increased by 1% sequentially [9][12]. - The company updated its fiscal 2025 guidance, expecting total revenue between $2.555 billion and $2.620 billion, reflecting a year-over-year decline of 20% to 18% [17][18]. Cash Flow and Capital Allocation - Cash flow from operating activities was $1.3 million, a decrease of 59% from $3.2 million in the prior year [3][13]. - As of March 31, 2025, net debt was $1.46 billion, with a net debt to pro forma adjusted EBITDA ratio of 3.4x [14][38]. Recent Transactions - The company completed the sale of a majority stake in the Milacron injection molding and extrusion business on March 31, 2025, generating net proceeds of approximately $265 million, which were used for debt reduction [7][16]. - Hillenbrand entered into an agreement to sell the TerraSource business to Astec Industries for $245 million, expected to close in late fiscal third quarter or early fiscal fourth quarter 2025 [15].

Astec Industries (ASTE) Q1 2025 Earnings Call April 29, 2025 08:30 AM ET Company Participants Stephen C. Anderson - Senior VP of Administration & Investor RelationsJaco van der Merwe - CEO, President & DirectorBrian Harris - Chief Financial Officer Conference Call Participants Steve Ferazani - Senior Equity Analyst - Diversified Industrials & EnergyMircea Dobre - Associate Director of Research & Senior Research Analyst Stephen C. Anderson Thank you. Good morning, everyone. Joining me on today's call are Jak ...