Hillenbrand Inc - HI STOCK NEWS

Hillenbrand, trading under the stock symbol HI, announced that President and CEO Kim Ryan will present at the Sidoti September Small-Cap Virtual Conference on September 21, 2022, at 1:00 p.m. ET. CFO Bob VanHimbergen and Sr. Director of Investor Relations Sam Mynsberge will also attend. The virtual event will be accessible via Hillenbrand's Investor Relations website, where an archived replay and presentation document will be available afterward. Hillenbrand operates globally in over 40 countries, serving diverse industries with a commitment to innovation and excellence.

Hillenbrand has completed the acquisition of Herbold Meckesheim GmbH for €79 million, advancing its growth strategy in the recycling market. This acquisition enhances Hillenbrand's Coperion brand offerings with complementary technologies. It aims to provide complete recycling solutions and promising cross-selling opportunities. The deal is expected to boost adjusted EPS within the first full year and achieve double-digit ROIC by year three. Herbold, based in Germany, specializes in recycling systems with annual revenues exceeding €50 million.

The board of directors of Hillenbrand has declared a quarterly cash dividend of $0.2175 per share on its common stock. This dividend will be payable on September 30, 2022, to shareholders recorded by the end of business on September 16, 2022. Hillenbrand operates globally in over 40 countries, providing innovative solutions across various industries. With a commitment to excellence, the company aims to create value for its stakeholders.

Hillenbrand reported third-quarter fiscal 2022 revenue of $721 million, a 4% increase year-over-year. GAAP EPS rose by 28% to $0.68, with adjusted EPS at $0.92, an 8% increase. The company achieved a $75 million annual run-rate synergy target from Milacron integration ahead of schedule and completed $300 million in share repurchases over five quarters. Hillenbrand reaffirmed its full-year adjusted EPS guidance, narrowing the range to $3.85 - $3.95. Challenges include inflation and foreign currency impacts, but strong demand in Molding Technology Solutions and Advanced Process Solutions segments supports growth.

Hillenbrand (NYSE: HI) has announced a conference call on August 4, 2022, at 8:00 a.m. ET to discuss its third quarter fiscal results for 2022, concluding June 30, 2022. A press release detailing the results will be issued after market close on August 3, 2022. Investors can access the call via phone or through a live webcast available on Hillenbrand's investor relations website. This session will be archived for later viewing until September 2, 2022.

Hillenbrand, Inc. (NYSE: HI) has announced that its Board of Directors is initiating a review of strategic alternatives for its Batesville business, a leader in the North American death care industry for over 115 years. This process aims to enhance the company's legacy and shareholder value. Additionally, Hillenbrand has signed a binding offer to acquire LINXIS Group, a notable player in mixing and automation solutions. The company's focus is on positioning its businesses for future success, although no assurance is given that any transaction will materialize.

Hillenbrand has announced a binding offer to acquire LINXIS Group for approximately €572 million, expanding its presence in the food end market. The acquisition targets significant synergies and is expected to enhance Hillenbrand's offerings through LINXIS's complementary systems. LINXIS, projected to generate about €300 million in revenue for 2022 with mid-teen EBITDA margins, will be integrated into Hillenbrand's Advanced Process Solutions segment. This transaction aims to bolster Hillenbrand's growth strategy and is anticipated to be accretive to Adjusted EPS in the first year.

Hillenbrand (NYSE: HI) is set to acquire Herbold Meckesheim GmbH for approximately €79 million. The deal, expected to close in the fourth fiscal quarter of 2022, aims to enhance Hillenbrand's recycling technology offerings. Herbold, with annual revenues exceeding €50 million, complements Hillenbrand's Coperion brand and reinforces its commitment to sustainable solutions. The acquisition is anticipated to be accretive to adjusted EPS within the first year and achieve double-digit ROIC by year three, supporting Hillenbrand's long-term growth strategy in the recycling market.