Hill-Rom Holdings (HRC) Misses Q3 EPS by 1c, Offers Guidance

Hill-Rom Holdings (NYSE: HRC) reported Q3 EPS of $0.49, $0.01 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $424 million versus the consensus estimate of $426.56 million.

For the fourth quarter of fiscal 2013, Hill-Rom expects reported revenue of $435 to $440 million. This reflects:

organic constant currency revenue essentially flat with the prior year;
no material currency impact at current rates; and
incremental revenue from Aspen of approximately $6 million.
Adjusted earnings per diluted share are expected to be $0.59 to $0.61 for the quarter.

Hill-Rom now expects full year reported revenue growth of approximately 5 percent compared to prior guidance of 5 to 6 percent. This reflects:

organic constant currency revenue decline of approximately 4 percent;
no material currency impact at current rates; and
incremental revenue from fiscal 2012 acquisitions of approximately $140 million.
For the full year, adjusted earnings per diluted share are now expected to be $2.04 to $2.06 compared to prior guidance of $2.03 to $2.09.

Cash flow from operations for the full year is expected to be $255 to $265 million compared to prior guidance of $270 to $280 million. Adjusted EBITDA is now expected to be approximately $310 million compared to prior guidance of $315 to $320 million.

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

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