Hillenbrand (HI) Tops Q1 EPS by 4c
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Hillenbrand Reports Second Quarter Revenue of $405 Million
May 11, 2015 4:43 PM EDTBATESVILLE, Ind., May 11, 2015 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) today reported financial results for the second quarter ended March 31, 2015. Revenue increased 2% to $405 million, or 9% growth on a constant currency basis. The Process Equipment Group delivered revenue that was up 1% (12% constant currency). Order backlog declined 12% from the first quarter to $520 million as lower order intake in the second quarter reflected a more difficult economic climate in certain markets. In comparison to the prior year, backlog was down 27%, or 17% on a constant currency basis. Batesville revenue increased 4% (5% constant currency) to $164 million. Volume... More
