Hillenbrand (HI) Tops Q2 EPS by 1c, Lifts FY EPS Guidance

Hillenbrand (NYSE: HI) reported Q2 EPS of $0.65, $0.01 better than the analyst estimate of $0.64. Revenue for the quarter came in at $452 million versus the consensus estimate of $434.8 million.

GUIDANCE:

Hillenbrand sees FY2018 revenue of $2.34-2.44 million, versus the consensus of $2.37 million.

Hillenbrand is updating its 2018 guidance to account for increased growth expectations for the Process Equipment Group, favorable currency translation, and the non-cash impairment charges.

• Total revenue growth raised to 3% to 5%, with an incremental 3% favorable foreign currency translation; previous guidance was revenue growth of 2% to 4%
• Process Equipment Group revenue growth raised to 7% to 9%, with an incremental 4% favorable foreign currency translation; previous guidance was revenue growth of 5% to 7%
• Batesville revenue unchanged, down 1% to 3% with minimal impact from foreign currency translation
• GAAP EPS revised to $1.06 - $1.16 from $1.98 - $2.10
• Adjusted EPS raised to $2.34 - $2.44 from $2.28 - $2.40

For earnings history and earnings-related data on Hillenbrand (HI) click here.

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