Hill-Rom Holdings (HRC) Tops Q2 EPS by 30c, Offers Guidance

Hill-Rom Holdings (NYSE: HRC) reported Q2 EPS of $1.73, $0.30 better than the analyst estimate of $1.43. Revenue for the quarter came in at $762 million versus the consensus estimate of $732.2 million.

GUIDANCE:

Hill-Rom Holdings sees FY2021 EPS of $6.00-$6.10, versus the consensus of $5.82.

• For the full year, Hillrom now expects revenue to increase 1 percent to 3 percent on a reported basis. In addition, the company now expects adjusted earnings, excluding special items, of $6.00 to $6.10 per diluted share and operating cash flow of $440 to $460 million. This compares to the company’s previous guidance range of adjusted earnings of $5.70 to $5.90 per diluted share and operating cash flow of $400 to $430 million.

Hill-Rom Holdings sees Q3 2021 EPS of $1.32-$1.36, versus the consensus of $1.36.

• For the fiscal third quarter 2021, Hillrom expects revenue to decline 7 percent to 9 percent on a reported basis, and adjusted earnings, excluding special items, of $1.32 to $1.36 per diluted share. This guidance reflects a challenging comparison to fiscal third quarter 2020 financial results, which benefited from a surge in one-time COVID-related revenue estimated at approximately $130 million and adjusted earnings of approximately $0.60 per diluted share.

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

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