Last $47.87 USD
Change Today -0.44 / -0.91%
Volume 288.0K
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hill-rom holdings inc (HRC) Key Developments

Hill-Rom Holdings Eyes Acquisitions

Hill-Rom Holdings, Inc. (NYSE:HRC) has developed a strategy to improve longer-term margins which will include margin accretive acquisitions and additional operational initiatives.

Hill-Rom Holdings, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended Dec. 31, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal 2015; Revised Earnings Guidance for Fiscal 2015

Hill-Rom Holdings, Inc. announced unaudited consolidated earnings results for first quarter ended Dec. 31, 2014. For the quarter, the company reported total revenue of $465 million, operating profit of $19.3 million, net income of $12.1 million or $0.21 diluted per share and net cash provided by operating activities of $31 million compared to the total revenue of $393.4 million, operating profit of $21.4 million, net income of $13.2 million or $0.22 diluted per share and net cash provided by operating activities of $42.3 million for the same quarter a year ago. Operating cash flow was, down primarily due to outflows from restructuring and acquisition integration. Capital expenditures increased by $28 million, due primarily to increased investment in its rental fleet. For the second quarter of fiscal 2015, the company expects reported revenue growth of 13% to 15%. This reflects the following assumptions: low to mid-single digit constant currency organic revenue growth and a negative impact from currency of approximately 4%. Second quarter adjusted earnings per diluted share are expected to be $0.57 to $0.60. Fiscal year 2015 adjusted earnings per share are expected to be $2.44 to $2.50; Full-year reported revenue is expected to grow 11% to 12%. The company's guidance for full year adjusted earnings per diluted share is $2.44 to $2.50 compared to $2.42 to $2.48 previously. The company expects cash flow from operations for the full year to be approximately $250 million, unchanged from prior guidance. Compared to its prior range of 11% to 13%, this reflects slightly stronger constant currency revenue growth, driven by North America capital, offset by the negative impact of the stronger dollar. Its forecast is underpinned by the following assumptions: low single-digit constant currency organic revenue growth and a negative currency impact of approximately 4% compared to the 1% to 2% expectations in its prior guidance. More specifically, this outlook reflects the following: low to mid-single digit revenue growth in North America, up from its prior guidance range of low single-digit growth; flat international constant currency revenue; Surgical and Respiratory Care organic constant currency revenue growth in the low single digits; gross margin of approximately 45%, a slight decrease from its prior guidance of 45% to 46%; R&D spending of approximately 4% to 5% of sales; SG&A that is improving as a percentage of sales; a tax rate of approximately 29% to 30% compared to prior guidance of 30% to 31%, which reflects the benefit of the R&D tax credit reinstatement; and approximately 58 million shares outstanding for the year. The company continues to project 2015 operating cash flow to be approximately $250 million. The company anticipates capital expenditures of approximately $140 million, up from its prior guidance of $110 million. This increase is driven primarily by additional investment in its rental fleet to support expected volume increases from recent contract wins.

Hill-Rom Holdings, Inc. Provides Revenue Guidance for the First Quarter Ended December 31, 2014

Hill-Rom Holdings, Inc. provided revenue guidance for the first quarter ended December 31, 2014. For the period, the company expects to report quarterly revenue of approximately $465 million, an increase of approximately 18%, or approximately 21% on a constant currency basis, compared to last year. Excluding Trumpf Medical revenue, reported revenue grew approximately 3%, or 5% on a constant currency basis.

Universal Hospital Services, Inc. Files Lawsuit Against Hill-Rom Holdings, Inc

Universal Hospital Services, Inc. announced the filing of a lawsuit against Hill-Rom Holdings, Inc. The complaint alleges that Hill-Rom is violating federal and state antitrust laws by willfully and unlawfully engaging in a pattern of exclusionary and predatory conduct in order to foreclose [market] competition. The lawsuit, which was filed in the United States District Court for the Western District of Texas in San Antonio, seeks injunctive relief and treble damages, the amount of which will be determined at trial. The company says in its complaint that it filed the lawsuit to preserve choice in the medical equipment rental industry and to prevent Hill-Rom from destroying competition in the industry by engaging in a variety of anti-competitive practices that have previously been subject to an injunction and resulted in the payment of over half a billion dollars by Hill-Rom to competitors, hospitals, and healthcare providers. The complaint recalls that Hill-Rom and its predecessor, Hillenbrand Industries, Inc. (Hillenbrand), committed similar anti-competitive conduct that resulted in a jury in the Western District of Texas [returning] a unanimous verdict in favor of Hill-Rom competitor Kinetic Concepts Inc. (KCI) in September 2002. Hillenbrand eventually agreed to settle the case for $250 million.

Hill-Rom Holdings, Inc. to Report Q1, 2015 Results on Feb 03, 2015

Hill-Rom Holdings, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Feb 03, 2015

 

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HRC

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Price/Earnings 47.3x
Price/Sales 1.6x
Price/Book 3.7x
Price/Cash Flow 45.9x
TEV/Sales 1.2x
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