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Hillenbrand, Inc. - $HI STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hillenbrand's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hillenbrand's position in the market.

Rhea-AI Summary

Hillenbrand, Inc. reported a 14% increase in revenue to $785 million in Q2 2024, with organic revenue decreasing 5%. GAAP EPS decreased to $0.09, while adjusted EPS increased to $0.76. The company is implementing cost actions and updating its adjusted EPS outlook to $3.30 - $3.50 for FY24.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.18%
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Rhea-AI Summary
Hillenbrand, a global industrial company, will showcase plastics processing and recycling solutions at NPE2024, the largest plastics industry trade show in the Americas. The company and its Operating Companies will exhibit innovative equipment and integrated solutions to support a circular economy. Key innovations from Operating Companies include Coperion's ZSK Mc¹⁸ twin screw extruder, DME's DURA Collapsible Core, Herbold Meckesheim's HV 70 plastcompactor, Milacron's M-Series mid-tonnage global platform, Mold-Masters' TempMaster M4 controller platform, Rotex's APEX™ industrial screener, and Schenck Process FPM's MechaTron® Flat Bottom feeder. The event will also feature speaking engagements on energy efficiency in extrusion processes and innovations for the medical and packaging market, as well as an award ceremony and industry event promoting sustainability within the plastics value chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
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Rhea-AI Summary
Hillenbrand, Inc. (NYSE: HI) has scheduled its second quarter 2024 earnings call for May 1, 2024, to discuss the results for the quarter ending March 31, 2024. The conference call will include a live webcast with a slide presentation and will be archived on the company's investor relations website. Investors can access the call through dial-in numbers provided in the press release, and the full financial results will be available on the company's website after the market closes on April 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
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Rhea-AI Summary
Hillenbrand, Inc. (HI) announces a regular quarterly cash dividend of $0.2225 per share on its common stock, payable on March 29, 2024, to shareholders of record as of March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
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dividends
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Rhea-AI Summary
Hillenbrand, Inc. (HI) has announced a public offering of $500,000,000 aggregate principal amount of 6.2500% senior unsecured notes due 2029. The offering is expected to close on February 10, 2024. This move aims to raise capital for business expansion and operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
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none
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Rhea-AI Summary
Hillenbrand, Inc. (NYSE: HI) reported an 18% increase in revenue to $773 million for the fiscal first quarter of 2024, with an organic revenue decrease of 7%. The GAAP EPS of $0.25 decreased from $0.35 in the prior year, while the adjusted EPS of $0.69 decreased 1% compared to the prior year. The backlog of $2.15 billion increased 10% over the prior year. The company announced a cost savings and restructuring program in the Molding Technology Solutions segment. The fiscal 2024 outlook maintains FY24 adjusted EPS of $3.60 - $3.95 and Q2 adjusted EPS of $0.71 to $0.76.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.81%
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Rhea-AI Summary
Hillenbrand, Inc. (HI) will hold a conference call to discuss the results for the first quarter of fiscal year 2024, which ended December 31, 2023. The live webcast will be available on the company's investor relations website. The press release reporting its results will be available on February 5, 2024, after the market closes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
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Rhea-AI Summary
Hillenbrand, Inc. (NYSE: HI) partners with The Coca-Cola Company (NYSE: KO) and Net Impact to host the Circular Plastics Case Competition, encouraging innovative solutions to increase the supply of post-consumer recycled material, with a focus on rPET. The competition drew over 150 participants from 13 countries, with finalists presenting at NPE2024, the largest plastics tradeshow in the Americas. Winners will be awarded $10,000 for first place, $2,500 for second place, and $1,000 for third place.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
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Rhea-AI Summary
Hillenbrand, Inc. (NYSE: HI) declares a regular quarterly cash dividend of $0.2225 per share, marking an annualized increase of $0.01 per share to a total rate of $0.89 per share in fiscal 2024. The dividend is payable on December 29, 2023, to shareholders of record at the close of business on December 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
Tags
dividends
Rhea-AI Summary
Hillenbrand, Inc. (NYSE: HI) reported a 26% increase in revenue to $763 million in Q4 2023, driven by acquisitions. Adjusted EPS rose 45% to $1.13. Fiscal 2024 guidance includes a range of $3.60 - $3.95 for adjusted EPS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.68%
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Hillenbrand, Inc.

NYSE:HI

HI Rankings

HI Stock Data

3.16B
69.35M
0.82%
90.93%
2.08%
Burial Casket Manufacturing
Manufacturing
Link
United States of America
BATESVILLE

About HI

hillenbrand is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. we pursue profitable growth and robust cash generation continuing to drive increased value for our shareholders. hillenbrand’s portfolio is composed of two business segments: the process equipment group and batesville. the process equipment group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. batesville is a recognized leader in the north american death care industry. hillenbrand is publicly traded on the nyse under “hi”.