HILLENBRAND,INC. (NYSE:HI) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
A copy of presentation slides to be used by Hillenbrand,Inc. (the
Company) in investor presentations beginning December12, 2016, is
attached as Exhibit99.1 to this Current Report on Form8-K.These
presentation slides are also available on the Companys website
under Investor Relations at www.hillenbrand.com.
The information furnished to this Item7.01, including
Exhibit99.1, shall not be deemed filed for purposes of Section18
of the Securities Exchange Act of 1934 (Exchange Act) or
otherwise subject to the liabilities under that Sectionand shall
not be deemed to be incorporated by reference into any filing of
the Company under the Securities Act of 1933 or the Exchange Act,
except as shall be expressly set forth by specific reference in
such filing.
Non-GAAP Financial Measures
In addition to financial measures prepared in accordance with
accounting principles generally accepted in the U.S. (GAAP), we
also provide non-GAAP operating performance measures. These
non-GAAP measures are referred to as adjusted and exclude
expenses associated with backlog amortization, inventory step-up,
business acquisition and integration, restructuring, and
antitrust litigation. The related income tax for all of these
items is also excluded. This non-GAAP information is provided as
a supplement, not as a substitute for, or as superior to,
measures of financial performance prepared in accordance with
GAAP.
One important non-GAAP measure that we use is Adjusted Earnings
Before Interest,Income Tax, Depreciation, and Amortization
(Adjusted EBITDA). As previously discussed, a part of our
strategy is to selectively acquire companies that we believe can
benefit from our core competencies to spur faster and more
profitable growth. Given that strategy, it is a natural
consequence to incur related expenses, such as amortization from
acquired intangible assets and additional interest expense from
debt-funded acquisitions. Accordingly, we use Adjusted EBITDA,
among other measures, to monitor our business performance.
Another important non-GAAP measure that we use is backlog.
Backlog is not a term recognized under GAAP; however, it is a
common measurement used in the Process Equipment Group industry.
Our backlog represents the amount of consolidated revenue that we
expect to realize on contracts awarded related to the Process
Equipment Group. Backlog includes expected revenue from large
systems, equipment, and to a lesser extent, replacement parts,
components, and service.
We use this non-GAAP information internally to make operating
decisions and believe it is helpful to investors because it
allows more meaningful period-to-period comparisons of our
ongoing operating results. The information can also be used to
perform trend analysis and to better identify operating trends
that may otherwise be masked or distorted by these types of
items. Finally, the Company believes such information provides a
higher degree of transparency.
Item9.01 Financial Statements and
Exhibits.
(d) Exhibits
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Exhibit |
|
|
|
Number |
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Description |
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99.1 |
Presentation Slides |
Disclosure Regarding Forward-Looking
Statements
Throughout this presentation, we make a number of
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. As the words imply,
these are statements about future plans, objectives, beliefs,
and expectations that might or might not happen in the future,
as contrasted with historical information. Forward-looking
statements are based on assumptions that we believe are
reasonable, but by their very nature are subject to a wide
range of risks.
Accordingly, in this presentation, we may say something like,
We expect that future revenue associated with the
Process Equipment Group will be influenced by order backlog.
That is a forward-looking statement, as indicated by the word
expect and by the clear meaning of the sentence.
Words that could indicate we are making forward-looking
statements include:
|
intend |
believe |
plan |
expect |
may |
goal |
would |
||||||
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become |
pursue |
estimate |
will |
forecast |
continue |
could |
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targeted |
encourage |
promise |
improve |
progress |
potential |
should |
This is not an exhaustive list, but is intended to give you an
idea of how we try to identify forward-looking statements. The
absence of any of these words, however, does not mean that the
statement is not forward-looking.
Here is the key point: Forward-looking
statements are not guarantees of future performance, and actual
results could differ materially from those set forth in any
forward-looking statements. Any number of factors, many of
which are beyond our control, could cause results to differ
significantly from what is described in the forward-looking
statements.
For a discussion of factors that could cause actual results to
differ from those contained in forward-looking statements, see
the discussions under the heading Risk Factors in Item1A of
PartI of the Companys Form10-K for the period ended
September30, 2016, located on our website and filed with the
SEC. We assume no obligation to update or revise any
forward-looking statements.
About HILLENBRAND, INC. (NYSE:HI)
Hillenbrand, Inc. is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world. The Process Equipment Group segment is a provider of compounding, extrusion and material handling; size reduction; screening and separating, and flow control products and services for a range of manufacturing and other industrial processes. It offers equipment for industries, including plastics, chemicals, fertilizers and mining. Its Batesville segment operates in the North American death care industry, and manufactures and sells funeral service products, including burial caskets, cremation caskets, containers and urns, selection room display fixtures, other personalization and memorialization products, and Web-based technology applications. HILLENBRAND, INC. (NYSE:HI) Recent Trading Information
HILLENBRAND, INC. (NYSE:HI) closed its last trading session down -0.45 at 36.95 with 240,236 shares trading hands.
