The board of directors of Hillenbrand, Inc. has declared a dividend of $0.195 per share on the company's common stock. The dividend is payable June 28, 2013, to shareholders of record at the close of business June 14, 2013.

Hillenbrand, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported net revenue of $398.5 million against $259.7 million a year ago. Operating profit was $25.6 million against $43.8 million a year ago. Income before income taxes was $18.5 million against $40.7 million a year ago. Net income was $13.2 million or $0.20 per basic and diluted share against $27.4 million or $0.44 per basic and diluted share a year ago. Adjusted net income was $30.6 million or $0.49 per diluted share against $30.9 million or $0.50 per diluted share for the same period a year ago. Adjusted operating profit was $50.5 million against $49.1 million a year ago. EBITDA was $52.9 million against $52.9 million for the same period a year ago. Adjusted EBITDA was $64.1 million against $58.2 million for the same period a year ago. The company reported strong quarter with revenue growing 5% to $171 million, and this growth was primarily driven by volume and, to a lesser extent, an increase in the average sales price. The decrease in net income was driven by the costs associated with Coperion acquisition. For the six months, the company reported net revenue of $703.7 million against $491.3 million a year ago. Operating profit was $49.7 million against $77.2 million a year ago. Income before income taxes was $39.0 million against $70.7 million a year ago. Net income was $27.8 million or $0.43 per diluted share against $58.7 million or $0.94 per diluted share a year ago. Net cash provided by operating activities were $19.7 million against $60.1 million for the same period a year ago. Capital expenditures were $11.2 million against $8.1 million a year ago. Adjusted net income was $56.4 million or $0.90 per diluted share against $55.6 million or $0.89 per diluted share for the same period a year ago. Adjusted operating profit was $91.2 million against $88.2 million a year ago. EBITDA was $92.9 million against $97.8 million for the same period a year ago. Adjusted EBITDA was $115.6 million against $106.2 million for the same period a year ago. Operating cash flow was $20 million for the first half of the fiscal year compared to $60 million last year, and the decrease in cash flow was due to increased investment in the working capital at Coperion. The company affirmed its earnings guidance for the year 2013, the company now expects revenue of $1.6 billion and adjusted diluted EPS of $1.82 to $1.92. Full-year revenue is estimated to be approximately $1 billion for the Process Equipment Group and $600 million for Batesville. The company expects full year adjusted effective tax rate to be somewhere around 30%.

Hillenbrand, Inc., Q2 2013 Earnings Call, May 03, 2013