Hillenbrand Inc Stock Price, News & Analysis

Hillenbrand (NYSE: HI) has announced its quarterly cash dividend declaration of $0.225 per share on common stock. This represents an annual increase of $0.01 per share, bringing the total annual rate to $0.90 per share for fiscal 2025. The dividend will be paid on December 31, 2024, to shareholders recorded as of December 16, 2024.

Hillenbrand (NYSE: HI) has been recognized by Newsweek as one of America's Most Responsible Companies for 2025, highlighting its strong commitment to environmental, social, and governance (ESG) practices. The recognition follows an extensive assessment of over 30 key performance indicators and feedback from more than 26,000 U.S. residents.

Since launching its sustainability program in 2021, Hillenbrand has achieved notable milestones, including publishing its first Task Force on Climate-Related Financial Disclosures (TCFD) report and disclosing Scope 1, 2, and 3 greenhouse gas emissions data. The company has earned an MSCI ESG Rating of AA and received top ISS ESG scores of '1' for both Governance and Social QualityScore, positioning it among industry leaders in ESG practices.

Hillenbrand (NYSE: HI) reported Q4 FY2024 results with revenue of $838 million, up 10% year-over-year, though organic revenue decreased 1%. Q4 GAAP EPS fell to $0.17 from $0.24, while adjusted EPS declined 11% to $1.01. Full-year FY2024 revenue reached $3.18 billion, increasing 13%, but organic revenue decreased 5%. The company reported a full-year GAAP loss of $(3.03) per share, largely due to Q3 non-cash impairment charges. Strong Q4 operating cash flow of $167 million helped reduce net leverage to 3.3x. For FY2025, Hillenbrand projects adjusted EPS of $2.80-$3.15, with Q1 adjusted EPS guidance of $0.52-$0.57.

Hillenbrand (NYSE: HI) has scheduled its fourth quarter and full fiscal year 2024 earnings conference call for November 14, 2024, at 8:00 a.m. ET. The company will release its financial results after market close on November 13, 2024. A live webcast with slide presentation will be available on their investor relations website and archived through December 12, 2024. Conference call access is available via +1 (877) 407-8012 for US/Canada and +1 (412) 902-1013 for international callers, using ID 13748893.

Hillenbrand (NYSE: HI) has elected Joseph T. Lower to its Board of Directors as an independent director. Mr. Lower, former Executive Vice President and CFO of AutoNation, brings decades of leadership experience in finance, strategy, and business development. He will serve as Vice Chairperson of the Board's Audit Committee and on its Nominating/Corporate Governance and Mergers and Acquisitions Committees.

Additionally, Inderpreet Sawhney, current Board member, will assume the role of Vice Chairperson of the Nominating/Corporate Governance Committee. These appointments, effective Dec. 1, 2024, are part of Hillenbrand's ongoing commitment to Board development and succession planning. With Mr. Lower's addition, the Board will increase to 11 directors, 10 of whom are independent.

Hillenbrand (NYSE: HI) has announced its fourth quarter dividend of $0.2225 per share on common stock. The dividend will be paid on September 30, 2024, to shareholders of record as of the close of business on September 16, 2024. This regular quarterly cash dividend declaration demonstrates Hillenbrand's commitment to providing consistent returns to its shareholders. The announcement comes from the company's board of directors, indicating their confidence in Hillenbrand's financial stability and ongoing ability to generate shareholder value.

Hillenbrand (NYSE: HI) reported fiscal Q3 2024 results with revenue at $787 million, a 10% increase YoY, but a 8% decline in organic revenue. GAAP EPS was $(3.53), down from $0.60 due to $265 million in non-cash impairment charges. Adjusted EPS fell 11% to $0.85. Adjusted EBITDA rose 4% to $131 million, though organic adjusted EBITDA decreased 14%.

Advanced Process Solutions saw a 23% revenue increase to $569 million, while organic revenue was down 6%. Adjusted EBITDA increased 17% to $109 million. Molding Technology Solutions experienced a 14% revenue drop to $217 million with adjusted EBITDA decreasing 32% to $35 million.

Updated FY2024 guidance forecasts adjusted EPS of $3.20 - $3.30, down from $3.30 - $3.50. Free cash flow guidance was revised to approximately $100 million from $130 - $150 million.

Hillenbrand (NYSE: HI) has announced its upcoming third quarter 2024 earnings call, scheduled for August 8, 2024, at 8:00 a.m. ET. The company will discuss financial results for the quarter ended June 30, 2024. A live webcast with slide presentation will be available on Hillenbrand's investor relations website and archived until September 5, 2024. Investors can access the conference call using ID number 13747839, with separate dial-in numbers for US/Canada and international callers. A replay will be available until August 22, 2024. Hillenbrand will release its earnings report after market close on August 7, 2024, with full financial details available on their investor relations website.

Hillenbrand published its fifth annual Sustainability Report on May 23, 2024. The report showcases the company's achievements in sustainability, product innovation, and transparency. It discloses three years of Scope 1, Scope 2, and 15 categories of Scope 3 GHG emissions data. Key highlights include increased use of renewable energy, enhanced supplier standards, and new safety frameworks. The report aligns with the U.N. Global Compact, U.N. SDGs, GRI Standards, and SASB framework. Hillenbrand's focus on sustainability is seen through its product integration, double materiality assessment, and emphasis on innovation.