Hill-Rom Holdings (HRC) Tops Q1 EPS by 48c, Offers Guidance

Hill-Rom Holdings (NYSE: HRC) reported Q1 EPS of $1.53, $0.48 better than the analyst estimate of $1.05. Revenue for the quarter came in at $741 million versus the consensus estimate of $654.41 million.

GUIDANCE:

Hill-Rom Holdings sees Q2 2021 EPS of $1.40-$1.45, versus the consensus of $1.29.

• For the fiscal second quarter 2021, Hillrom expects revenue to increase 0 percent to 2 percent on a reported basis, and adjusted earnings, excluding special items, of $1.40 to $1.45 per diluted share

Hill-Rom Holdings sees FY2021 EPS of $5.70-$5.90, versus the consensus of $5.36.

• "With improved performance, building momentum and accelerated recovery across the Hillrom portfolio, we are raising our full-year revenue and earnings guidance. Our revised forecast includes continued recovery in our underlying business and COVID-related revenue," continued Mr. Groetelaars. "We remain committed to driving sustainable and profitable growth aligned with our long-term aspirations, achieving our strategic objectives, and unlocking significant value for patients, caregivers and shareholders as we deliver on our mission."
• For the full year, Hillrom now expects revenue to increase 0 percent to 2 percent on a reported basis. In addition, the company now expects adjusted earnings, excluding special items, of $5.70 to $5.90 per diluted share and operating cash flow of $400 to $430 million. This compares to the company's previous guidance range of adjusted earnings of $5.25 to $5.45 per diluted share and operating cash flow of $370 to $400 million.

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

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