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.
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Hillenbrand, Inc. (NYSE: HI) is set to announce its second-quarter earnings for fiscal year 2023 on May 8, 2023, post-market closure. A conference call will occur on May 9, 2023, at 8:00 a.m. ET, where executives will discuss the financial results from the quarter ending March 31, 2023. Interested parties can participate via a live webcast, which will also be archived until June 6, 2023. This call is crucial for investors seeking insights into Hillenbrand’s performance across its global portfolio, which includes key markets such as durable plastics, food, and recycling.
LongRange Capital has appointed Andrew Cialino as Principal and Head of Business Development. Cialino, formerly with SFW Capital Partners, brings extensive experience in middle market business development. His role will focus on enhancing deal origination and sourcing for the firm. LongRange, which closed its first fund with $1.5 billion in commitments, recently acquired Batesville Services from Hillenbrand (NYSE:HI). This acquisition aligns with LongRange's strategy to invest in private middle market businesses within fundamental industries.
Hillenbrand (NYSE: HI) held its first annual meeting of shareholders on February 27, 2023, under newly appointed Chairperson Helen Cornell, who succeeded F. Joseph Loughrey. Cornell, who joined the board in 2011, emphasized the company's transformation into a pure-play industrial entity, enhancing its focus on core industries. CEO Kim Ryan noted Cornell's manufacturing expertise as beneficial for shareholders. Hillenbrand provides critical processing equipment to various sectors globally, positioning itself for continued growth.
The board of directors of Hillenbrand (NYSE: HI) has announced a quarterly cash dividend of $0.22 per share on its common stock. This dividend is set to be paid on March 31, 2023, to shareholders recorded as of the close of business on March 17, 2023. Hillenbrand is a global industrial company that provides engineered processing equipment and solutions across various sectors, including durable plastics, food, and recycling, serving customers in over 100 countries.