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.
Bain Capital has announced a majority investment in Milacron, acquiring approximately 51% ownership for $287 million. Hillenbrand (NYSE: HI) will retain approximately 49% ownership stake. Milacron, established in 1968, is a leading provider of plastic processing equipment and services, including injection molding and extrusion equipment.
The company serves various sectors including construction, automotive, packaging, consumer goods, and medical industries, with the largest installed base of equipment in the U.S. The transaction is expected to close at the end of Hillenbrand's fiscal second quarter or beginning of the third quarter.
This partnership aims to accelerate Milacron's growth and strengthen its position in the plastic processing solutions market. The investment comes as Bain Capital sees opportunities in U.S. manufacturing renaissance, driven by increasing focus on supply-chain resilience and domestic production.
Hillenbrand (NYSE: HI) reported fiscal Q1 2025 results and announced the sale of a majority stake in its Milacron injection molding business to Bain Capital for $287 million. Key financial highlights include:
- Revenue decreased 9% to $707 million
- GAAP EPS fell from $0.24 to $0.09
- Adjusted EPS declined 19% to $0.56
- Expected net proceeds of $250 million from Milacron sale to be used for debt reduction
The company updated its FY2025 guidance to reflect the Milacron transaction while maintaining outlook for remaining businesses, with adjusted EPS guidance of $2.45-$2.80. Bain Capital will acquire approximately 51% stake in Milacron, with Hillenbrand retaining 49%. The transaction represents Hillenbrand's continued portfolio transformation toward less cyclical, higher-growth opportunities.
Hillenbrand (NYSE: HI) has announced its upcoming first quarter fiscal 2025 earnings conference call and webcast, scheduled for February 6, 2025, at 8:00 a.m. ET. The company will discuss financial results for the quarter ended December 31, 2024. The event will include a live webcast with slide presentation, accessible via the company's investor relations website.
The earnings release and financial details will be published after market close on February 5, 2025. For those wanting to participate, U.S. and Canadian listeners can dial +1 (877) 407-8012, while international callers can use +1 (412) 902-1013, with conference ID 13751135. A replay will be available until February 20, 2025.
The Timken Company (NYSE: TKR), a global technology leader in engineered bearings and industrial motion, has appointed Kimberly K. (Kim) Ryan to its Board of Directors, expanding the board to 13 members. Ryan currently serves as director, president and CEO of Hillenbrand (NYSE: HI) since 2021.
Ryan brings extensive experience from her role at Hillenbrand and previous positions, including her tenure as president of Coperion from 2015 to 2021. She will serve on Timken's Compensation and Audit committees. The company, which reported $4.8 billion in sales in 2023 and employs 19,000 people across 45 countries, expects to benefit from Ryan's deep expertise in global manufacturing and business operations.
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.