Last $33.44 USD
Change Today +0.08 / 0.24%
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

hillenbrand inc (HI) Key Developments

Hillenbrand, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014

Hillenbrand, Inc. reported consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company's net revenue was $416.8 million against $408.8 million a year ago. Operating profit was $51.6 million against $25.7 million a year ago. Income before income taxes was $46.1 million against $19.5 million a year ago. Consolidated net income was $33.4 million against $13.7 million a year ago. Net income was $32.8 million or $0.51 diluted per share against $13.3 million or $0.21 diluted per share a year ago. Adjusted net income was $36.1 million or $0.57 diluted per share against $30.4 million or $0.48 diluted per share a year ago. Adjusted EBITDA increased 11% to $71 million over the third quarter of the prior year. For the nine months, the company's net revenue was $1,198.5 million against $1,112.5 million a year ago. Operating profit was $131.5 million against $75.4 million a year ago. Income before income taxes was $123.7 million against $58.5 million a year ago. Consolidated net income was $88.3 million against $41.5 million a year ago. Net income was $86.1 million or $1.35 diluted per share against $40.3 million or $0.64 diluted per share a year ago. Net cash provided by operating activities was $136.9 million against $50.8 million a year ago. Adjusted net income was $92.4 million or $1.45 diluted per share against $86.8 million or $1.38 diluted per share a year ago. The company affirmed guidance with estimated full-year revenue expected to be approximately $1.7 billion. To provide further insight into its expectations for the fourth quarter, the company now believes its full year revenue will fall into the lower half of the revenue range between $1.65 billion and $1.7 billion. Revenue from the Process Equipment Group is expected to be approximately $1.1 billion, and Batesville is anticipated to deliver approximately $600 million in revenue. Given current foreign exchange rates, management expects approximately 1% of favorable translation impact to revenue compared to 2013. Adjusted diluted EPS for 2014 is projected to range from $2.00 to $2.10. The company expects its full year adjusted EPS to approximate the midpoint of its EPS range. For the full year, the company expects its adjusted effective tax rate to be about 29%.

Hillenbrand, Inc. to Report Q3, 2014 Results on Aug 06, 2014

Hillenbrand, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

Hillenbrand, Inc., Q3 2014 Earnings Call, Aug 07, 2014

Hillenbrand, Inc., Q3 2014 Earnings Call, Aug 07, 2014

Hillenbrand, Inc.(NYSE:HI) added to S&P SmallCap 600 Sector Indices - Industrials Sector Index

Hillenbrand, Inc.(NYSE:HI) added to S&P SmallCap 600 Sector Indices - Industrials Sector Index

Hillenbrand, Inc.(NYSE:HI) dropped from S&P SmallCap 600 Sector Indices - Consumer Discretionary Sector Index

Hillenbrand, Inc.(NYSE:HI) dropped from S&P SmallCap 600 Sector Indices - Consumer Discretionary Sector Index

 

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