Hillenbrand (HI) Tops Q1 EPS by 4c, Revenues Beat; Reaffirms FY19 EPS Guidance
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Hillenbrand Reports First Quarter Fiscal Year 2019 Financial Results
January 29, 2019 4:34 PM ESTBATESVILLE, Ind., Jan. 29, 2019 /PRNewswire/ --
Revenue of $410 million increased 3% year over year driven by Process Equipment Group revenue growth of 7% GAAP EPS of $0.45 increased 59% and adjusted EPS of $0.49 decreased 9% due primarily to changes in the effective tax rate Order backlog grew 33% year over year to a record level of $946 million driven primarily by continued demand for large plastics projects Cash flow from operations of $36 million increased $9 million compared to prior year driven primarily by reduced working capital requirements Completed the acquisition of BM&M... More