Hillenbrand (HI) Tops Q3 EPS by 1c
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Hillenbrand Reports Third Quarter 2016 Earnings and Continued Profitability Improvements
August 3, 2016 4:40 PM EDTBATESVILLE, Ind., Aug. 3, 2016 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) reported results today for the third quarter of fiscal 2016 that ended June 30, 2016.
Revenue of $371 million was 7% lower than the prior year, as end markets in the Process Equipment Group segment remain challenged and the rate at which families choose cremation continues to increase, challenging the Batesville segment. Compared to the third quarter of last year, net income decreased 4% to $31 million, or $0.48 per share, primarily as a result of one-time charges, including restructuring charges associated with planned actions announced in the first... More
