Hillenbrand Earnings: Here’s Why Shares are Down Now
Hillenbrand, Inc. (NYSE:HI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.49%.
Hillenbrand, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 29.73% to $0.48 in the quarter versus EPS of $0.37 in the year-earlier quarter.
Revenue: Rose 71.56% to $409 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hillenbrand, Inc. reported adjusted EPS income of $0.48 per share. By that measure, the company beat the mean analyst estimate of $0.45. It missed the average revenue estimate of $423.8 million.
Quoting Management: “We are pleased with the revenue growth attained in both of our business platforms,” said Kenneth A. Camp, president and chief executive officer of Hillenbrand. “We are especially encouraged by the increase in the order pipeline and the 5% increase in order backlog in the Process Equipment Group despite uncertain economic conditions in Europe and Asia.”
Key Stats (on next page)…