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Form 8-K Hill-Rom Holdings, Inc. For: Jan 13

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January 14, 2015 4:14 PM EST
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.��20549
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FORM 8-K
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CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported):
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January 13, 2015
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HILL-ROM HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)


Indiana
(State or Other Jurisdiction
of Incorporation)
1-6651
(Commission
File Number)
35-1160484
(IRS Employer
Identification No.)
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1069 State Route 46 East
Batesville, Indiana
(Address of Principal ExecutiveOffices)
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47006-8835
(Zip Code)
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Registrants telephone number, including area code: (812) 934-7777
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Not applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act�(17 CFR 240.13e-4(c))
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Item 2.02.RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On January 14, 2015 Hill-Rom Holdings, Inc. (the Corporation) issued a press release regarding certain preliminary financial results for the first quarter of fiscal year 2015.��A copy of this press release is attached hereto as Exhibit 99.1.

In the announcement, the Corporation uses various non-GAAP financial measures, which adjust for factors that are unusual or unpredictable.��The Corporations management believes the presentation of these non-GAAP financial measures provides useful information to investors regarding results of operations as they allow investors to better evaluate ongoing business performance.� The Corporations management also uses these non-GAAP financial measures internally to monitor performance of the businesses.� The Corporation cautions investors to consider these non-GAAP financial measures in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP.
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Item 5.02.��DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
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On January 13, 2015, Dr. Joanne Smith informed the Corporation that she did not intend to stand for reelection at the 2015 annual meeting of stockholders.��The Corporations Board of Directors has nominated Stacy Enxing Seng for election at the next annual meeting of the stockholders to fill the position.��Ms. Enxing Seng previously held various executive positions with Covidien, including President, Peripheral Vascular and President, Vascular Therapies, and was a founding member of ev3 Incorporated.

Item 9.01.���FINANCIAL STATEMENTS AND EXHIBITS.
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(d)�
Exhibits.

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99.1
Press release, dated January 14, 2015, issued by the Corporation.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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HILL-ROM HOLDINGS, INC.
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DATE:��January 14, 2015
BY:��
�/S/��Susan Lichtenstein
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Susan Lichtenstein
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Senior Vice President of
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Corporate Affairs,
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Chief Legal Officer and
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Secretary
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Exhibit 99.1
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CONTACT INFORMATION

Investor Relations
Contact:
Blair A. (Andy) Rieth, Jr., Vice President, Investor Relations
Phone:
312-819-7259
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Media
Contact:
Larry Baumann, Executive Director, Corporate Communications
Phone:
312-819-7248
HILL-ROM REPORTS PRELIMINARY FISCAL
FIRST QUARTER REVENUE


CHICAGO, Ill., January 14, 2015 -- Hill-Rom Holdings, Inc. (NYSE: HRC) today announced preliminary unaudited revenue for its fiscal first quarter of 2015.

Hill-Rom expects to report quarterly revenue of approximately $465 million for the quarter ended December 31, 2014, an increase of approximately 18 percent, or approximately 21 percent on a constant currency basis, compared to last year.��Excluding Trumpf Medical revenue, reported revenue grew approximately 3 percent, or 5 percent on a constant currency basis.

Hill-Rom will release its full first quarter results and financial outlook on February 3, 2015, as previously announced.


First Quarter Preliminary Analysis

-- North America Acute Care.��North America Acute Care revenue grew about 10 percent to approximately $225 million.� Capital sales increased 19 percent year over year, primarily driven by higher patient support systems sales, and capital backlog grew sequentially compared to the fourth quarter.

-- International.��International segment revenue declined about 9 percent (3 percent on a constant currency basis) to approximately $114 million, due primarily to delayed tenders in Europe.

-- Surgical/Respiratory Care.��Surgical and Respiratory Care revenue doubled to approximately $126 million, primarily due to the acquisition of Trumpf Medical, which closed August 1, 2014.��Excluding the Trumpf revenue contribution, Surgical and Respiratory Care organic revenue grew approximately 6 percent on a reported and constant currency basis.

Discussion of Adjusted Financial Measures

Hill-Rom Holdings, Inc. routinely provides revenue measured on a constant currency basis because the Companys management believes that the presentation provides useful information to investors.��This measure controls for currency fluctuations over the relevant time period.

Management uses this measure internally for planning, forecasting and evaluating the performance of the business. Investors should consider non-GAAP adjusted measures in addition to, not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP.

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Conference Call Webcast and Dial-in Information

As previously announced, the Company will host a conference call and webcast Tuesday, February 3, 2015 at 8:00 a.m. ET.

Webcast: To join the live webcast with audio, go to http://ir.hill-rom.com/events.cfm or http://edge.media-server.com/m/p/gugxp3zm. The webcast slide deck will be posted to the Hill-Rom website prior to the webcast.

Conference Call Audio Only Dial-in information: To join the live conference call, dial 877-304-8969 domestic callers / 631-291-4543 international callers.��The following Confirmation Code is required for both: 57960500.��Callers will need to provide their name, company affiliation and telephone number to the conference operator.

A recording of the webcast/call audio will be available for telephone replay through February 10, 2015.��To access the replay, dial 855-859-2056 domestic callers / 404-537-3406 international callers.��For the replay, callers will need to use confirmation code 57960500.��If you are unable to listen to the live webcast or the telephone replay, the webcast will be archived at http://ir.hill-rom.com/events.cfm.

About Hill-Rom Holdings, Inc.

Hill-Rom is a leading global medical technology company with more than 7,000 employees worldwide.��We partner with health care providers in more than 100 countries by focusing on patient care solutions that improve clinical and economic outcomes in five core areas: Advancing Mobility, Wound Care and Prevention, Clinical Workflow, Surgical Safety and Efficiency, and Respiratory Health. Around the world, Hill-Rom's people, products, and programs work towards one mission: Enhancing outcomes for patients and their caregivers.

www.hill-rom.com

Disclosure Regarding Forward Looking Statements

Certain statements herein contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Companys future plans, objectives, beliefs, expectations, representations and projections. It is important to note that forward-looking statements are not guarantees of future performance, and the Companys actual results could differ materially from those set forth in any forward-looking statements. For a more in depth discussion of factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions under the heading Risk Factors in the Companys previously filed most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or revise any forward-looking statements.
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