Hill-Rom Holdings (HRC) Tops Q4 EPS by 4c, Offers FY18 Guidance

Hill-Rom Holdings (NYSE: HRC) reported Q4 EPS of $1.32, $0.04 better than the analyst estimate of $1.28. Revenue for the quarter came in at $738 million versus the consensus estimate of $731.1 million.

Fiscal First Quarter and Full-Year 2018 Financial Outlook

Hill-Rom provided its fiscal first quarter and full-year 2018 financial outlook. For the full-year, Hill-Rom expects revenue to increase 3 to 4 percent on a reported basis and approximately 2 to 3 percent on a constant currency basis. The company expects core revenue to increase approximately 3 percent. Core revenue excludes foreign currency, Mortara, divestitures and other non-strategic assets the company may exit. Hill-Rom expects adjusted earnings, excluding special items, of $4.22 to $4.30 per diluted share and $330 to $340 million in operating cash flow (including the outflows associated with restructuring and integration activities).

For the fiscal first quarter 2018, Hill-Rom expects revenue to increase approximately 3 percent on a reported basis, approximately 2 percent on a constant currency basis, and core revenue to be approximately flat to the prior year. Hill-Rom expects adjusted earnings, excluding special items, of $0.77 to $0.79 per diluted share. This outlook reflects an unfavorable impact from product supply disruptions of approximately $0.03 per diluted share related to Hurricane Maria.

(Street sees FY18 EPS of $4.29 on revenue of $2.87 billion and Q1 EPS of $0.89 on revenue of $689.5 million)

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

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