hillenbrand inc (HI) Key Developments
Hillenbrand, Inc. Announces the Retirement of W August 'Gus' Hillenbrand as Board Member
Oct 5 15
The board of directors of Hillenbrand, Inc. announced the retirement of board member W August 'Gus' Hillenbrand. In 2008, he became a founding director of Hillenbrand, Inc. The company has no immediate plans to replace this open position on the board, having recently added a new director in preparation for Mr. Hillenbrand's retirement.
Hillenbrand Declares Regular Quarterly Cash Dividend for the Fourth Quarter 2015, Payable on September 30, 2015
Sep 3 15
The board of directors of Hillenbrand, Inc. has declared a regular quarterly cash dividend of $0.20 per share on the company's common stock. The dividend will be on payable September 30, 2015, to shareholders of record at the close of business on September 16, 2015.
Hillenbrand, Inc. Presents at Jefferies 11th Annual Industrials Conference, Aug-11-2015 01:00 PM
Aug 10 15
Hillenbrand, Inc. Presents at Jefferies 11th Annual Industrials Conference, Aug-11-2015 01:00 PM. Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States.
Hillenbrand, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Guidance for the Fiscal Year 2015
Aug 6 15
Hillenbrand, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported revenue of $399 million, down 4% from last year as the company continues to face substantial currency headwinds. Excluding the negative effects of currency translation, revenue increased 3% with volume growth in both segments. Adjusted EBITDA was $66 million decreased 6%. Adjusted net income of $33 million resulted in earnings per share of $0.52, approximately 10% below last year, but in line with internal expectations for the third quarter. Cash generated in operating cash flow was $65 million. Operating cash flow of $76 million through the third quarter was down $61 million compared to the prior year. The last two quarters combined have provided $117 million of operating cash flow, driven by improvements to working capital position and the strength of net income. Operating profit was $53.3 million compared to $51.6 million a year ago. Income before income taxes was $46.3 million compared to $46.1 million a year ago. Consolidated net income was $32.5 million or $0.50 per diluted share compared to $33.4 million or $0.51 per diluted share a year ago.
For the nine months period, the company reported net revenue of $1,204.8 million compared to $1,198.5 million a year ago. Operating profit was $157.4 million compared to $131.5 million a year ago. Income before income taxes was $133.3 million compared to $123.7 million a year ago. Consolidated net income was $93.4 million or $1.44 per diluted share compared to $88.3 million or $1.35 per diluted share a year ago. Net cash provided by operating activities was $75.5 million compared to $136.9 million a year ago.
The company’s guidance for constant currency sales growth remains at 2% to 4%. Given the exchange rates experienced this year, the company anticipates earnings per share for the year to come in at the low end of original guidance range of $2.05 to $2.50. The company expects tax rate to be approximately 30%. Adjusted diluted EPS for 2015 is projected to be at the low end of the range of $2.05 to $2.15.
Hillenbrand, Inc. to Report Q3, 2015 Results on Aug 05, 2015
Jul 30 15
Hillenbrand, Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Aug 05, 2015