Hill-Rom Holdings (HRC) Tops Q1 EPS by 3c, Updates Guidance

Hill-Rom Holdings (NYSE: HRC) reported Q1 EPS of $1.02, $0.03 better than the analyst estimate of $0.99. Revenue for the quarter came in at $684 million versus the consensus estimate of $676.38 million.

GUIDANCE:

Hill-Rom Holdings sees FY2019 EPS of $4.98-$5.06, may not compare to the consensus of $5.14.

• For full-year fiscal 2019, Hill-Rom continues to expect revenue to increase 1 to 2 percent on a reported basis, 2 to 3 percent on a constant currency basis, and core revenue to increase 4 to 5 percent.
• Hill-Rom now expects 2019 adjusted earnings, excluding special items, of $4.98 to $5.06 per diluted share, reflecting the ASC 606 earnings impact of $0.10 per diluted share. This compares to prior adjusted earnings guidance of $5.08 to $5.16 per diluted share, which did not reflect ASC 606. Operating cash flow is now expected to be approximately $420 million.

Hill-Rom Holdings sees Q2 2019 EPS of $1.09-$1.11, may not compare to the consensus of $1.20.

• For the fiscal second quarter 2019, under ASC 606, Hill-Rom expects revenue to be flat to the prior-year period on a reported basis, to increase approximately 2 percent on a constant currency basis, and core revenue to increase approximately 4 percent. The company expects adjusted earnings, excluding special items, of $1.09 to $1.11 per diluted share.

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

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