Hillenbrand (HI) Tops Q2 EPS by 1c, Lifts FY EPS Guidance
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Hillenbrand Reports Second Quarter 2018 Financial Results
May 2, 2018 4:38 PM EDTBATESVILLE, Ind., May 2, 2018 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) reported results today for the second quarter of fiscal 2018, which ended March 31, 2018.
Second Quarter Results
Revenue of $452 million grew 14% over the prior year, or 9% excluding the impact of foreign currency. The growth was driven by an increase of 23% in the Process Equipment Group. In addition, Batesville revenue increased 1% over the prior period.
Net income for the quarter was a loss of $22 million, or $0.34 per share. The decrease in net income was driven by non-cash goodwill and trade... More
