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.
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.
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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.
Hillenbrand, Inc. (NYSE: HI) has scheduled a conference call for May 10, 2022, at 8:00 a.m. ET to discuss its second-quarter fiscal results for the period ending March 31, 2022. The earnings press release will be issued post-market on May 9, 2022. The call can be accessed by dialing +1 (877) 407-8012 for U.S. listeners or +1 (412) 902-1013 for international callers, using conference ID number 13728201. A live webcast will also be available and archived on their investor relations website.