Hillenbrand Inc Stock Price, News & Analysis

IDEX Corporation (NYSE:IEX) has signed a definitive agreement to acquire Abel Pumps, L.P. from Hillenbrand, Inc. (NYSE: HI) for $103.5 million in cash. Abel Pumps specializes in high-performance reciprocating pumps for various critical sectors, including mining and wastewater. Abel’s annual revenue is approximately $34 million. This acquisition is expected to enhance IDEX's pump manufacturing expertise and expand its offerings. The deal is anticipated to close in Q1 2021, pending regulatory approvals and customary conditions.

Hillenbrand, Inc. (NYSE: HI) has finalized the sale of its Red Valve business to DeZURIK, Inc. for an enterprise value of $63 million, comprising $58 million in cash and a $5 million note. This decision aligns with Hillenbrand's strategy to enhance shareholder value by concentrating on key business platforms. The company intends to use the proceeds from this sale primarily for deleveraging purposes. Financial guidance will be updated during the fiscal first quarter 2021 earnings call.

The board of directors of Hillenbrand has announced a quarterly cash dividend of $0.2150 per share, marking an annual increase of $0.01 to $0.86 for fiscal 2021. This dividend is payable on December 31, 2020, to shareholders on record by December 17, 2020. Hillenbrand is a diversified industrial company with a focus on profitable growth and cash generation across various industries, including leading positions in death care and manufacturing businesses.

Hillenbrand, Inc. reported record fiscal Q4 2020 revenue of $694 million, marking a 43% increase year-over-year driven by the Milacron acquisition. Despite a 2% organic revenue decline, adjusted EPS rose 8% to $0.92. The company achieved a record order backlog of $1.23 billion, up 43% from the previous year. For fiscal 2020, total revenue reached $2.52 billion, a 39% increase, while GAAP EPS recorded a loss of $0.82 due to impairment charges. Hillenbrand forecasts adjusted EPS of $0.65 to $0.75 for Q1 2021, amid uncertainties from the COVID-19 pandemic.

Hillenbrand, Inc. (NYSE: HI) will hold a conference call on November 12, 2020, at 8:00 a.m. ET to discuss its fourth quarter and full fiscal year 2020 results, ending September 30, 2020. The earnings release will be issued after market close on November 11, 2020, and will be accessible on their investor relations website. The call will be available via a live webcast and will include a slide presentation, with a replay option available until November 26, 2020.

Hillenbrand (NYSE: HI), based in Batesville, Indiana, announced key investor events scheduled for the week of September 22, 2020. The D.A. Davidson 19th Annual Virtual Industrials & Services Conference will feature CEO Joe Raver presenting on September 22 at 11:45 a.m. ET. Additionally, Raver will present at the Sidoti Fall 2020 Virtual Investor Conference on September 24 at 9:15 a.m. ET. Both events will include live webcasts, and presentation documents will be available for later access on the company's investor relations webpage.

The board of directors of Hillenbrand has declared a quarterly cash dividend of $0.2125 per share on its common stock. This dividend is payable on September 30, 2020, to shareholders of record as of September 16, 2020. Hillenbrand is a diversified industrial company with operations across various sectors including death care and manufacturing. The company aims for profitable growth and strong cash generation to enhance shareholder value.

Hillenbrand reported Q3 2020 results with total revenue of $608 million, up 36% year-over-year, driven by the Milacron acquisition, which added 42% growth. However, organic sales declined 6%. Net income was $24 million ($0.32 per share), down 33%, primarily due to acquisition costs and interest expenses. Adjusted EBITDA rose 74% to $121 million. The company plans to exit TerraSource and Flow Control businesses and expects modest revenue changes in Q4. Liquidity stands at $905 million, with a focus on reducing debt.

Hillenbrand, Inc. (NYSE: HI) has scheduled a conference call and webcast for August 6, 2020, at 8:00 a.m. ET to discuss its third-quarter results for fiscal year 2020, which ended on June 30, 2020. A press release detailing these results will be issued after market close on August 5, 2020. The call can be accessed via registration on the company's website, and the webcast will be archived until September 4, 2020. Hillenbrand is a diversified industrial company with a focus on profitable growth and shareholder value.