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) features a steady flow of corporate and financial news that reflects its role as a global industrial company providing highly engineered, mission-critical processing equipment and solutions. News releases describe how Hillenbrand’s industrial brands serve end markets that include durable plastics, food, and recycling, and how the company communicates with investors and other stakeholders about its operations and strategic decisions.
Visitors to this HI news page can review earnings announcements and related commentary, where Hillenbrand reports segment performance for Advanced Process Solutions and Molding Technology Solutions, discusses factors affecting net revenue and adjusted EBITDA, and explains the impact of portfolio changes such as the divestiture of the Milacron injection molding and extrusion business and the sale of its minority stake in TerraSource Holdings. These releases also outline the company’s use of non-GAAP financial measures and provide context for trends in demand, tariffs, and cost initiatives.
The news flow also covers capital structure and financing updates, including the redemption of senior notes, amendments and extensions of syndicated credit agreements and L/G facilities, and the use of asset sale proceeds to reduce debt. Dividend declarations by the board of directors are announced through regular press releases, indicating the timing and amount of quarterly cash dividends on Hillenbrand’s common stock.
A significant portion of recent news relates to the pending acquisition of Hillenbrand by an affiliate of Lone Star Funds. Press releases describe the definitive merger agreement, the agreed per-share cash consideration, the expected transition to private ownership, and the conditions required to close the transaction. Additional news items address change of control offers for Hillenbrand’s senior notes in connection with the merger and the shareholder approval process documented in SEC filings.
Beyond financial and transactional updates, Hillenbrand’s news includes recognition for corporate responsibility and sustainability, such as its inclusion on Newsweek’s list of America’s Most Responsible Companies. Together, these items provide a consolidated view of how Hillenbrand reports on its industrial operations, portfolio evolution, financing activities, and governance-related developments over time.
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.
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.