Hillenbrand (HI) Tops Q4 EPS by 1c, FY17 EPS Guidance Comes in Light

Hillenbrand (NYSE: HI) reported Q4 EPS of $0.58, $0.01 better than the analyst estimate of $0.57. Revenue for the quarter came in at $429 million versus the consensus estimate of $398.48 million.

GUIDANCE:

Hillenbrand sees FY2017 EPS of $1.95-$2.10, versus the consensus of $2.16.

• Hillenbrand expects 2017 revenue growth of 1-3%. Revenue from the Process Equipment Group is projected to grow 3-5% organically, and Batesville is expected to deliver revenue that is down 1%-3%. GAAP EPS is expected to be $1.80-$1.95 for 2017, while adjusted EPS is projected to be $1.95-$2.10. The company expects its adjusted tax rate to be approximately 31% for fiscal 2017.

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

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