hillenbrand inc (HI) Key Developments
Hillenbrand Announces Management Changes
Apr 2 15
Hillenbrand, Inc. announced that Thomas Kehl, Hillenbrand Senior Vice President and President of Coperion, will be leaving the company effective June 30, 2015. Kehl joined Coperion in 2008, running both the compounding machine and service business centers. In 2013, he was named the President of Coperion and joined the Hillenbrand executive team. Since this time, he has driven a clear vision and strategy for each part of the Coperion business, implemented a supporting organizational structure and heightened the focus on profitability. In order to effect a smooth transition, Kim Ryan, Hillenbrand Senior Vice President and President of Batesville,
will serve as the Coperion President until a permanent replacement is named. She will be working directly with
Kehl to transition the leadership of Coperion over the next 90 days. Chris Trainor, current Senior Vice President and Chief Financial Officer of Batesville, will serve as its President during the interim.
Hillenbrand, Inc. Adopts Amendment to the By-Laws
Feb 26 15
On February 25, 2015, the Board of Directors of Hillenbrand, Inc. adopted an amendment to the company's by-laws to (i) reflect shareholder approval, of an amendment to the company's restated and amended articles of incorporation to provide for a majority voting standard for the election of directors in uncontested elections; and (ii) conform the instances in which the Board may fill a vacancy on the Board to those instances provided for in the amended articles. The amendment affects Article 3, Section 3.09 and Article 4, Section 4.03 of the company's by-laws. The amended by-laws became effective immediately upon their adoption.
Hillenbrand Declares Second Quarter Dividend, Payable on March 31, 2015
Feb 25 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 is payable March 31, 2015, to shareholders of record at the close of business on March 17, 2015.
Hillenbrand, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014
Feb 4 15
Hillenbrand, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported net revenue of $401.5 million against $384.9 million a year ago. Operating profit was $47.2 million against $37.0 million a year ago. Income before income taxes was $41.5 million against $30.6 million a year ago. Net income was $29.5 million against $20.3 million a year ago. Diluted earnings per share were $0.46 against $0.32 a year ago. Net cash used in operating activities was $41.9 million against net cash provided by operating activities of $45.9 million a year ago. Consolidated net income was $29.7 million against $21.6 million a year ago. Adjusted EBITDA increased 19% to $63.4 million and adjusted EBITDA margin improved by 200 basis points to 15.8%. The increase in adjusted EBITDA was driven primarily by improved profitability for the Process Equipment Group. Operating cash flow was negative $42 million, primarily due to an increase in working capital balances for large projects in the Process Equipment Group and a litigation settlement for Batesville.
Hillenbrand, Inc. to Report Q1, 2015 Results on Feb 04, 2015
Jan 28 15
Hillenbrand, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Feb 04, 2015