Hill-Rom Holdings (HRC) Tops Q2 EPS by 3c, Beats on Revenues; Boosts FY18 EPS Outlook

Hill-Rom Holdings (NYSE: HRC) reported Q2 EPS of $1.05, $0.03 better than the analyst estimate of $1.02. Revenue for the quarter came in at $711 million versus the consensus estimate of $705.51 million.

2018 Financial Outlook

Hill-Rom provided its fiscal third quarter and full-year financial outlook. For full-year 2018, Hill-Rom continues to expect revenue to increase 3 to 4 percent on a reported basis and approximately 2 to 3 percent on a constant currency basis. The company continues to expect core revenue to increase approximately 3 percent. Core revenue excludes foreign currency, divestitures, non-strategic assets the company plans to exit, and Mortara revenue prior to the anniversary date of the acquisition. Hill-Rom now expects adjusted earnings, excluding special items, of $4.60 to $4.65 per diluted share, compared to its prior guidance of $4.57 to $4.65 per diluted share, and approximately $350 million in operating cash flow.

For the fiscal third quarter 2018, Hill-Rom expects revenue to increase approximately 3 percent on a reported basis, approximately 1 percent on a constant currency basis, and core revenue to increase approximately 3 to 4 percent. Hill-Rom expects adjusted earnings, excluding special items, of $1.12 to $1.14 per diluted share.

GUIDANCE:

Hill-Rom Holdings sees FY2018 EPS of $4.60-$4.65, versus the consensus of $4.61.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• SanDisk upgraded at JPMorgan after investor day; shares climb