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. reports corporate news around its role as a global industrial company providing highly engineered, mission-critical processing equipment and solutions. Its portfolio serves end markets including durable plastics, food, and recycling, so recurring updates have covered operating results, capital allocation, regular cash dividends, customer and end-market references, and corporate responsibility disclosures.
Company news also includes governance and shareholder-voting matters, senior-note and capital-structure developments, and corporate-status updates. In 2026 Hillenbrand completed a merger in which it continued as a wholly owned subsidiary of an affiliate of Lone Star, making merger-related debt offers, delisting activity, and reporting-status changes part of the company's historical news record.
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.
Hillenbrand, Inc. (NYSE: HI) has announced a regular quarterly cash dividend of $0.2225 per share for its common stock. The dividend will be payable on June 28, 2024, to shareholders of record as of June 14, 2024.
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.
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