Hillenbrand (HI) Tops Q1 EPS by 1c, Misses on Revenue; Offers FY24 EPS Guidance
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Hillenbrand Reports Fiscal First Quarter 2024 Results
February 5, 2024 4:22 PM ESTFirst Quarter Continuing Operations Highlights1:
Revenue of $773 million increased 18% compared to prior year; organic revenue decreased 7%GAAP EPS of $0.25 decreased from $0.35 in the prior year; adjusted EPS of $0.69 decreased 1% compared to prior yearBacklog of $2.15 billion increased 10% over prior year and 2% sequentiallyAnnouncing cost savings and restructuring program in Molding Technology Solutions segmentFiscal 2024 Outlook:
Maintaining FY24 adjusted EPS of $3.60 - $3.95; Q2 adjusted EPS of $0.71 to... More