Company Description
Hillenbrand, Inc. (NYSE: HI) is described in its public communications as a global industrial company that provides highly engineered, mission-critical processing equipment and solutions to customers around the world. According to the company, its portfolio consists of industrial brands that serve large end markets, including durable plastics, food, and recycling, and it serves customers in over 100 countries. Hillenbrand emphasizes a corporate purpose it summarizes as “Shape What Matters For Tomorrow™”, which it links to how it serves associates, customers, communities, and other stakeholders.
Hillenbrand’s business is organized around processing technologies and equipment used in industrial applications. In its own descriptions, the company highlights two primary operating segments: Advanced Process Solutions and Molding Technology Solutions. Advanced Process Solutions is associated with engineered process and material handling equipment, systems, and aftermarket parts and services for various industries, including durable plastics, food, and recycling. Molding Technology Solutions has been associated with injection molding and extrusion equipment and related technologies. The company reports financial and operational results for these segments in its earnings releases and SEC filings.
Hillenbrand states that it is a global industrial company with operations and customers in more than 100 countries. Its disclosures and press releases refer to a portfolio of industrial brands that serve what it describes as large, attractive end markets. The company has also reported that, over several years, it has undertaken a transformation to focus on being a pure-play industrial company, reshaping its portfolio through acquisitions and divestitures and investing in areas such as industrial food equipment and performance materials.
In multiple press releases, Hillenbrand notes that it provides processing equipment and solutions that it characterizes as highly engineered and mission-critical. While detailed product lists are not provided in the available materials, the company consistently associates its offerings with processing equipment used in durable plastics, food, and recycling applications. It also reports on aftermarket parts and service activity as part of its segment results, indicating that ongoing service and support form a component of its operations.
Hillenbrand’s securities filings identify it as an Indiana corporation with common stock listed on the New York Stock Exchange under the symbol HI. The company’s Form 8-K filings reference its incorporation in Indiana and its registration of common stock under Section 12(b) of the Securities Exchange Act of 1934. These filings also describe Hillenbrand’s use of non-GAAP financial measures such as adjusted EBITDA, adjusted net income, and pro forma adjusted EBITDA in evaluating its operating performance, alongside GAAP results.
The company has disclosed significant portfolio changes, including the divestiture of the Milacron injection molding and extrusion (MIME) business and the sale of a minority stake in TerraSource Holdings. In its earnings releases, Hillenbrand explains that these divestitures affected reported and pro forma segment revenues and adjusted EBITDA, particularly within the Molding Technology Solutions segment. It has also reported on cost synergy initiatives associated with acquisitions in its Food, Health, and Nutrition-related activities.
Hillenbrand’s public communications emphasize capital structure and financing activities. The company has announced amendments and extensions to its syndicated credit agreement, including a revolving credit facility, term loans, and a Euro-denominated delayed-draw term loan, as well as amendments to a syndicated L/G facility agreement. It has also reported the redemption of senior notes and the use of proceeds from asset divestitures to pay down debt. These actions are described as steps to optimize its capital structure and provide financial flexibility.
The company has also highlighted dividend payments as part of its capital allocation. Press releases describe regular quarterly cash dividends declared by the board of directors on Hillenbrand’s common stock. In connection with its merger agreement with an affiliate of Lone Star Funds, Hillenbrand disclosed that the merger agreement restricts the payment of dividends, with a specific exception for a single cash dividend up to a stated per-share amount prior to a specified date.
Hillenbrand’s governance and shareholder communications include the use of proxy statements, special meetings of shareholders, and related disclosures. A Form 8-K dated January 8, 2026 reports the results of a special meeting at which shareholders voted on the approval of an Agreement and Plan of Merger with LSF12 Helix Parent, LLC and LSF12 Helix Merger Sub, Inc., an affiliate of Lone Star Fund XII, L.P. The filing shows that shareholders approved the merger agreement proposal, along with an advisory vote on certain compensation matters and an adjournment proposal.
Under the Agreement and Plan of Merger described in an October 2025 Form 8-K, Merger Sub is to merge with and into Hillenbrand, with Hillenbrand surviving the merger as a wholly owned subsidiary of Parent, an affiliate of Lone Star Funds. The merger agreement provides that, at the effective time of the merger, each share of Hillenbrand common stock (other than certain excluded shares) will be converted into the right to receive a specified cash amount per share, described as the merger consideration. The filings state that, upon completion of the transaction, Hillenbrand will become a privately held company and its shares will no longer trade on the New York Stock Exchange. Completion of the merger remains subject to customary closing conditions, including regulatory approvals.
In connection with the pending merger, an affiliate of Lone Star announced change of control offers for Hillenbrand’s senior notes due 2029 and 2031. A Form 8-K dated January 9, 2026 describes Parent’s commencement of offers to purchase any and all of these notes at a repurchase price equal to 101% of principal plus accrued and unpaid interest, subject to conditions including consummation of the merger and the occurrence of a ratings event as defined in the governing indentures. The company’s filing notes that the consummation of the merger would constitute a change of control under the indentures for these notes.
Hillenbrand’s public releases also address non-GAAP financial measures and their use. The company explains that it uses measures such as adjusted EBITDA, adjusted net income, and adjusted diluted EPS to monitor performance and to provide what it views as more meaningful period-to-period comparisons by excluding items such as acquisition and divestiture costs, restructuring charges, impairment charges, and certain tax items. The company also provides reconciliations of these non-GAAP measures to the most directly comparable GAAP measures in its earnings materials.
In addition to financial and transactional disclosures, Hillenbrand has highlighted recognition for corporate responsibility. A press release notes that Newsweek named Hillenbrand to its list of America’s Most Responsible Companies for 2026, marking the second consecutive year of inclusion. The company states that this recognition relates to its governance and sustainability practices, including areas such as energy usage, safety performance, and public disclosures on sustainability topics.
Across its communications, Hillenbrand repeatedly connects its operations to its stated Purpose – Shape What Matters For Tomorrow™. It associates this purpose with pursuing excellence, collaboration, and innovation, and with efforts to serve associates, customers, communities, and other stakeholders. While detailed operational practices are not fully described in the available materials, the company presents this purpose as a guiding framework for its industrial equipment and solutions businesses.
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Short Interest History
Short interest in Hillenbrand (HI) currently stands at 1.8 million shares, down 20.8% from the previous reporting period, representing 3.3% of the float. Over the past 12 months, short interest has decreased by 27.9%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Hillenbrand (HI) currently stands at 2.1 days, down 36.2% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has decreased 65.7% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 6.1 days.