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, Inc. (NYSE: HI) has scheduled a conference call for May 10, 2022, at 8:00 a.m. ET to discuss its second-quarter fiscal results for the period ending March 31, 2022. The earnings press release will be issued post-market on May 9, 2022. The call can be accessed by dialing +1 (877) 407-8012 for U.S. listeners or +1 (412) 902-1013 for international callers, using conference ID number 13728201. A live webcast will also be available and archived on their investor relations website.
Hillenbrand, Inc. (NYSE: HI) has partnered with Girls Inc. to promote the development of female leaders in STEM fields. Announced on March 29, 2022, this partnership will support the STEM and College and Career Readiness Program, aimed at inspiring young women to pursue careers in science, technology, engineering, and mathematics. Hillenbrand's involvement includes creating video content featuring female STEM professionals to build a virtual library for Girls Inc. and fostering a culture of inclusion within its workforce.
Hillenbrand, Inc. (NYSE: HI) announced the appointment of Robert VanHimbergen as Executive Vice President, Finance, effective March 14, 2022. He will become Chief Financial Officer on April 30, 2022, succeeding Kristina Cerniglia, who has served for eight years. VanHimbergen brings over 20 years of global financial expertise, previously at Johnson Controls, where he led finance functions and was part of the executive team. His strategic leadership is expected to enhance Hillenbrand's growth and shareholder value.
The Hillenbrand board has elected Helen Cornell as Vice Chairperson, effective immediately, and she will become Chairperson upon Joe Loughrey's retirement by the 2023 annual meeting. Loughrey praised Cornell's leadership, emphasizing the board's commitment to governance. Cornell, with experience as CFO at Gardner Denver and current CEO of Owensboro Grain, has been on Hillenbrand's board since 2011. Gary Collar will succeed her as Chairperson of the Compensation and Management Development Committee. The transition aims to assure continued governance and support for the company’s growth.
The board of directors of Hillenbrand has declared a quarterly cash dividend of $0.2175 per share on common stock. This dividend is payable on March 31, 2022, to shareholders of record as of March 17, 2022. Hillenbrand operates globally with a diversified industrial portfolio, aiming for profitable growth and strong cash generation to enhance shareholder value.
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.
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