Hillenbrand (HI) Misses Q3 EPS by 1c
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Hillenbrand Reports Third Quarter Revenue of $399 Million
August 5, 2015 4:36 PM EDTBATESVILLE, Ind., Aug. 5, 2015 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) reported today financial results for the third quarter ended June 30, 2015. Revenue of $399 million increased 3% on a constant currency basis, which was offset by a 7% currency impact. The Process Equipment Group reported revenue of $254 million, growth of 4% constant currency, offset by an 11% currency impact. The growth was driven by increased volume of equipment sales. Order backlog grew 4% from the second quarter to $540 million, as order intake was higher in the third quarter.  In comparison to the prior year record high of $731 million, backlog was down 26%, or 17%... More
