Welcome to our dedicated page for Hillenbrand news (Ticker: HI), a resource for investors and traders seeking the latest updates and insights on Hillenbrand stock.
Hillenbrand, Inc. (NYSE: HI) is a global industrial leader committed to providing highly-engineered, mission-critical processing equipment and solutions to customers in over 100 countries. The company operates through two primary business segments: the Process Equipment Group and Batesville. The Process Equipment Group designs, develops, manufactures, and services advanced industrial equipment, while Batesville focuses on funeral services and solutions.
Hillenbrand's diverse portfolio includes multiple market-leading brands that serve a variety of industries, including durable plastics, food processing, and recycling. A recent highlight for the company was the acquisition of Linxis, Peerless, and the Schenck Process Food and Performance Materials business, which has strengthened its foothold in the food processing market.
Financially, Hillenbrand has shown robust performance despite the challenging macroeconomic environment. For fiscal year 2023, the company reported revenue of $2.83 billion, a 22% increase from the previous year, largely driven by acquisitions. The Advanced Process Solutions segment witnessed a 57% revenue growth, further solidifying Hillenbrand’s market position.
Looking forward, Hillenbrand remains keen on executing its growth strategy, which includes leveraging recent acquisitions to enhance its market presence and drive productivity. The company aims to generate substantial shareholder value through continuous innovation, collaboration, and a focus on sustainable solutions.
Hillenbrand's commitment to excellence is guided by its purpose of
Hillenbrand reported Q1 fiscal 2022 revenue of $728 million, up 5% year-over-year, driven by advanced process solutions. Pro forma revenue rose 9% to $726 million. GAAP EPS decreased 34% to $0.67 due to prior-year gains from divesting Red Valve. Adjusted EPS fell 2% to $0.94, impacted by inflation. The backlog increased 30% to $1.72 billion. A new $300 million share repurchase program was approved. Fiscal 2022 adjusted EPS guidance was raised to $3.80 - $4.00. CEO Kim Ryan highlighted ongoing demand and effective strategies to combat inflation and supply chain challenges.
Hillenbrand, Inc. (NYSE: HI) has announced a conference call scheduled for February 3, 2022, at 8:00 a.m. ET, to discuss its first-quarter fiscal results for 2022, ending December 31, 2021. A press release detailing the results will be issued after market close on February 2, 2022. Interested parties can join the call using a specific ID number. The call will also be available via live webcast and archived on the company's investor relations website through March 4, 2022.
Hillenbrand (NYSE: HI) will present at the CJS Securities 22nd Annual 'New Ideas for the New Year' Investor Conference on January 12, 2022, at 1:35 p.m. ET. Presenting will be President and CEO Kim Ryan, along with CFO Kristina Cerniglia and Director of Investor Relations Sam Mynsberge. The conference will be held virtually, and a live webcast will be accessible on Hillenbrand's Investor Relations website. An archived replay will also be available. Hillenbrand operates globally across various industries, aiming for profitable growth and shareholder value.
Hillenbrand has announced a new share repurchase program, authorizing up to $300 million, effective from December 2, 2021. This program replaces a previous authorization, which had $50 million remaining after a $150 million repurchase completion as of November 15, 2021. The initiative reflects the company's confidence in its financial position and future cash generation. The repurchase strategy aligns with Hillenbrand's capital allocation focus on organic growth, strategic acquisitions, and shareholder returns through dividends and share buybacks.
The board of directors of Hillenbrand has declared a quarterly cash dividend of $0.2175 per share on its common stock. This represents an increase of $0.01 per share, bringing the total annualized rate to $0.87 for fiscal 2022. The dividend will be payable on December 30, 2021, to shareholders of record as of December 17, 2021.
Hillenbrand reported strong financial results for FY 2021, with revenue reaching $2.9 billion, a 14% increase year-over-year. The company achieved a GAAP EPS of $3.31, compared to a loss of $0.82 last year. Adjusted EPS rose 19% to $3.79. The total backlog surged 43% to $1.72 billion. Fourth-quarter revenue was $755 million, a 9% increase, yielding an adjusted EPS of $1.00. Guidance for FY 2022 suggests adjusted EPS between $3.70 - $4.00.
Hillenbrand, Inc. (NYSE: HI) has announced a conference call scheduled for November 18, 2021, at 8:00 a.m. ET to discuss its fourth quarter and full fiscal year 2021 results, concluding on September 30, 2021. The press release detailing the financial results will be issued after market close on November 17, 2021. Interested parties can participate in the call using the provided dial-in numbers. The call will also be available through a live webcast, which will be archived on the company's investor relations website until December 17, 2021.
Hillenbrand, Inc. (NYSE: HI) has completed the divestiture of its TerraSource Global business to Right Lane Industries, establishing TerraSource Holdings, LLC. In return, Hillenbrand received a five-year note worth $25.6 million and maintains a 49% ownership interest in the new company, entitled to future distributions and a $1.5 million preferred dividend under specific conditions. This divestiture, part of a broader strategy, aims to streamline Hillenbrand’s portfolio and enhance shareholder value.
Hillenbrand (NYSE: HI) will present at the Sidoti Virtual Investor Conference 2021 on September 22, 2021, at 3:15 p.m. ET. CEO Joe Raver will lead the presentation, alongside Kim Ryan (Executive VP) and Kristina Cerniglia (CFO). Interested parties can register for the live event via the provided link. Post-event, presentation documents will be available on Hillenbrand's investor relations website. Hillenbrand is a diversified industrial company, known for its robust portfolio spanning various industries, including death care.
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