HILLENBRAND,INC. (NYSE:HI) Files An 8-K Results of Operations and Financial ConditionItem 9.01. Results of Operations and Financial Condition
On November15, 2017, Hillenbrand,Inc. (the “Company”) announced its earnings for the fourth quarter ended September30, 2017. This announcement is more fully described in the press release filed as Exhibit99.1 to this Current Report on Form8-K. The Company will sponsor a conference call and simultaneous webcast at 8a.m. EST November16, 2017. The webcast will be accessible on the Company’s website at http://ir.hillenbrand.com.
The information in this Report, including any Exhibits, shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No |
Description |
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99.1 |
Press Release dated November 15, 2017, issued by the Company |
Hillenbrand, Inc. ExhibitEX-99.1 2 exhibit9912017930.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 Hillenbrand Reports Solid Fourth Quarter 2017 Results and Record Full-Year Earnings Per ShareFourth Quarter 2017 Highlights and 2018 Guidance:•Revenue of $443 million increased 3% over prior year driven by Process Equipment Group revenue growth of 7%•Net income grew 6% to $38 million and adjusted EBITDA grew 10% to $82 million•GAAP EPS of $0.60 increased 7% and adjusted EPS of $0.62 increased 7% year-over-year•Order backlog grew 26% over the prior year to $632 million•Cash Flow from operations of $143 million increased $94 million compared to prior year•Fiscal 2018 guidance: GAAP EPS expected to be $2.11 to $2.23; Adjusted EPS expected to be $2.16 to $2.28Fiscal Year 2017 Highlights:•Revenue of $1.6 billion for the full year increased 3% over prior year driven by Process Equipment Group revenue growth of 7%•Net income grew 12% to $126 million and adjusted EBITDA grew 5% to $281 million•Record GAAP EPS of $1.97 for fiscal 2017 increased 11% and adjusted EPS of $2.11 increased 5%•Record cash flow from operations of $246 million; 175% free cash flow conversion rateBATESVILLE,…To view the full exhibit click here
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.