Hillenbrand (HI) Tops Q2 EPS by 1c; Guides In-Line

Hillenbrand (NYSE: HI) reported Q2 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $397 million versus the consensus estimate of $418.72 million.

Hillenbrand sees FY2014 EPS of $2.00-$2.10, versus the consensus of $2.06. Hillenbrand sees FY2014 revenue of $1.7 billion, versus the consensus of $1.7 billion.

"Order backlog grew significantly throughout the Process Equipment Group, supporting our projection of mid-single-digit organic revenue growth this year for this group," said Joe A. Raver, President and Chief Executive Officer. "We are also pleased that Batesville delivered strong gross margins and cash flow to support our growth strategy, despite the significant headwind from the decline in North American deaths this year compared to the record number of deaths last year."

For earnings history and earnings-related data on Hillenbrand (HI) click here.

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