Hillenbrand (HI) Reaffirms FY18 Guidance and Offers 2020 Targets Ahead of Investor Day

Hillenbrand, Inc. (NYSE: HI) will hold its investor day today in New York City, with presentations given by Joe Raver, President and Chief Executive Officer, Kristina Cerniglia, Senior Vice President and Chief Financial Officer, and other senior executives. Management will present its growth strategy and provide an in-depth review of its Batesville and Process Equipment Group segments and the Hillenbrand Operating Model. In addition, the company is introducing fiscal 2020 financial targets and will reaffirm its 2018 guidance.

"We look forward to sharing more with the investor community about the progress we have made in transforming Hillenbrand to a global diversified industrial company," said Joe Raver. "We have expanded our portfolio and leveraged the Hillenbrand Operating Model to achieve sustainable margin expansion. Our journey continues as we focus on building platforms to develop scale and enhance leadership positions to drive profitable growth through the execution of our strategy."

Introduces 2020 Financial Targets

Hillenbrand is introducing fiscal 2020 financial targets, specifically:

• Organic Revenue Growth: 2% to 4% CAGR
  • Process Equipment Group: Up 4% to 6% CAGR
  • Batesville: Down 1% to 3% CAGR
• Process Equipment Group Adjusted EBITDA Margin: + 250 bps
• Adjusted EPS: Double digit CAGR1

Reaffirms Fiscal 2018 Guidance

The Company is also reaffirming its 2018 guidance:

• Organic Revenue Growth: 2% to 4%
  • Process Equipment Group: Up 5% to 7%
  • Batesville: Down 1% to 3%
• GAAP EPS: $2.11 to $2.23
• Adjusted EPS: $2.16 to $2.28

"We believe we will achieve our vision of being a world-class global industrial company by investing in targeted areas close to our core businesses both organically and through strategic acquisitions," said Kristina Cerniglia. "As we continue to execute our strategy, we are confident in our ability to achieve our long-term profitable growth targets."

Event Webcast Details The presentation will begin at 9:00 a.m. (ET) and is expected to conclude at approximately 12:15 p.m. The public may access the event through a live webcast available on the Investor Relations section of Hillenbrand's website. The conference is also available by dialing the following numbers:

Webcast link: https://www.webcaster4.com/Webcast/Page/359/23760 (archived through Tuesday, February 27, 2018)

Conference Call Information (Audio only)Date/Time: 9:00 a.m. ET, Tuesday, December 12, 2017Dial-In for U.S. and Canada: 1-669-900-6833Dial-In for International: +1-646-558-8656Conference call ID number: 214 991 793

You May Also Be Interested In

• Bristol-Myers Squibb (BMY) stock slips despite earnings beat
• Michelin misses Q1 sales estimates amid weaker volumes
• Byrna Technologies Inc. (BYRN) Appoints John Brasseur as COO, Raises Production Target to 18,000 Launchers per Month