Hill-Rom Holdings (HRC) Tops Q2 EPS by 9c, Offers Guidance

Hill-Rom Holdings (NYSE: HRC) reported Q2 EPS of $0.88, $0.09 better than the analyst estimate of $0.79. Revenue for the quarter came in at $679 million versus the consensus estimate of $655.1 million.

Fiscal Third Quarter and Full-Year 2017 Financial Outlook

Hill-Rom provided its fiscal third quarter financial outlook and raised its

2017 full-year guidance. For the full-year, Hill-Rom now expects revenue to increase approximately 3.5 to 4.0 percent on a reported basis (or 4.5 to 5.0 percent on a constant currency basis), which includes Mortara revenue of approximately $70 million. Excluding Mortara and the impact of completed and potential divestitures (with 2016 annual revenue of approximately $75 million) from both periods, Hill-Rom's core revenue is expected to increase 3.5 to 4.0 percent on a constant currency basis. In addition, the company now expects adjusted earnings, excluding special items, of $3.82 to $3.88 per diluted share and $330 to $340 million in operating cash flow (including the outflows associated with restructuring and integration activities).

For the fiscal third quarter 2017, Hill-Rom expects revenue to increase 5 to 6 percent on a reported basis (or 6 to 7 percent on a constant currency basis), including Mortara revenue of approximately $30 million. Excluding Mortara and the impact of completed or potential divestitures from both periods, Hill-Rom's core revenue is expected to increase 4 to 5 percent on a constant currency basis. Hill-Rom also expects adjusted earnings, excluding special items, of $0.89 to $0.91 per diluted share.

(Street sees Q3 EPS of 97c on revenue of $691.9M and FY EPS of $3.82 on revenue of $2.73 billion.)

For earnings history and earnings-related data on Hill-Rom Holdings (HRC) click here.

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