Hillenbrand Inc Stock Price, News & Analysis

Hillenbrand reported third-quarter fiscal 2022 revenue of $721 million, a 4% increase year-over-year. GAAP EPS rose by 28% to $0.68, with adjusted EPS at $0.92, an 8% increase. The company achieved a $75 million annual run-rate synergy target from Milacron integration ahead of schedule and completed $300 million in share repurchases over five quarters. Hillenbrand reaffirmed its full-year adjusted EPS guidance, narrowing the range to $3.85 - $3.95. Challenges include inflation and foreign currency impacts, but strong demand in Molding Technology Solutions and Advanced Process Solutions segments supports growth.

Hillenbrand (NYSE: HI) has announced a conference call on August 4, 2022, at 8:00 a.m. ET to discuss its third quarter fiscal results for 2022, concluding June 30, 2022. A press release detailing the results will be issued after market close on August 3, 2022. Investors can access the call via phone or through a live webcast available on Hillenbrand's investor relations website. This session will be archived for later viewing until September 2, 2022.

Hillenbrand, Inc. (NYSE: HI) has announced that its Board of Directors is initiating a review of strategic alternatives for its Batesville business, a leader in the North American death care industry for over 115 years. This process aims to enhance the company's legacy and shareholder value. Additionally, Hillenbrand has signed a binding offer to acquire LINXIS Group, a notable player in mixing and automation solutions. The company's focus is on positioning its businesses for future success, although no assurance is given that any transaction will materialize.

Hillenbrand has announced a binding offer to acquire LINXIS Group for approximately €572 million, expanding its presence in the food end market. The acquisition targets significant synergies and is expected to enhance Hillenbrand's offerings through LINXIS's complementary systems. LINXIS, projected to generate about €300 million in revenue for 2022 with mid-teen EBITDA margins, will be integrated into Hillenbrand's Advanced Process Solutions segment. This transaction aims to bolster Hillenbrand's growth strategy and is anticipated to be accretive to Adjusted EPS in the first year.

Hillenbrand (NYSE: HI) is set to acquire Herbold Meckesheim GmbH for approximately €79 million. The deal, expected to close in the fourth fiscal quarter of 2022, aims to enhance Hillenbrand's recycling technology offerings. Herbold, with annual revenues exceeding €50 million, complements Hillenbrand's Coperion brand and reinforces its commitment to sustainable solutions. The acquisition is anticipated to be accretive to adjusted EPS within the first year and achieve double-digit ROIC by year three, supporting Hillenbrand's long-term growth strategy in the recycling market.

Hillenbrand reported fiscal Q2 2022 revenue of $742 million, marking a 3% increase from the previous year. GAAP EPS of $0.74 saw a 28% decrease, while adjusted EPS rose 3% to $1.01. Total backlog reached $1.7 billion, up 14%. Fiscal 2022 guidance reaffirms adjusted EPS of $3.80 to $4.00, with Q3 adjusted EPS expected at $0.83 to $0.90. Despite challenges like supply chain disruptions and inflation, the company remains positioned for long-term value creation.

The board of directors of Hillenbrand has declared a quarterly cash dividend of $0.2175 per share on its common stock. This dividend is set to be paid on June 30, 2022, to shareholders of record by the close of business on June 16, 2022. Hillenbrand is a global diversified industrial company, focusing on profitable growth and cash generation across various industries including industrial manufacturing and death care in North America.

On May 3, 2022, Hillenbrand (NYSE: HI) and Net Impact announced a partnership to create the 2022 Plastics & Circularity Case Competition, focused on enhancing sustainability in the plastics value chain. This initiative aims to engage future innovators in addressing plastic lifecycle challenges. Hillenbrand will determine the competition's goals, while Net Impact will connect participants with sustainability leaders. The event will take place in fall 2022, reflecting both organizations' commitment to responsible environmental practices and fostering collaboration in addressing plastic waste.