Hillenbrand (NYSE: HI) reported Q1 EPS of $0.54, $0.05 better than the analyst estimate of $0.49. Revenue for the quarter came in at $397 million versus the consensus estimate of $384.3 million.

Fiscal 2018 Guidance

Hillenbrand is updating its 2018 EPS guidance based on tax reform, which results in a lower expected adjusted effective tax rate for the fiscal year of 26% to 28%, down from the previous estimate of approximately 31%.

• GAAP EPS revised to $1.98 - $2.10 from $2.11 - $2.23
• Adjusted EPS raised to $2.28 - $2.40 from $2.16 - $2.28

"At our Investor Day in December, we laid out our strategy and long term financial targets. We are executing against those targets and are pleased with the strong performance the businesses delivered this quarter," continued Raver. "We are disciplined in our capital allocation and expect to realize benefits from tax reform that will help fuel our investment in initiatives to accelerate profitable growth. We remain focused on leveraging the Hillenbrand Operating Model to execute our strategy as we drive continued shareholder value creation."

GUIDANCE:

Hillenbrand sees FY2018 EPS of $2.28-$2.40, versus the consensus of $2.25.

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