Hillenbrand (HI) Reports Q1 EPS of $0.70
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Hillenbrand Reports Fiscal First Quarter 2023 Results; Fiscal 2023 Guidance Updated to Reflect Batesville Sale
February 8, 2023 4:25 PM ESTHighlights:
Completed transformation into a pure-play industrial company with closing previously announced sale of Batesville business segment on February 1, 2023; Batesville financial results reported as discontinued operations for all periods presented Revenue from continuing operations of $656 million in the quarter increased 16% compared to prior year; organic revenue from continuing operations increased 4%GAAP EPS from continuing operations of $0.35 increased 21% compared to the prior year; adjusted EPS from continuing operations of $0.70 increased 25%; total adjusted EPS, including Batesville, was $1.00, compared to guidance of $0.85 $0.93Backlog of $1.96 billion increased 14%, or 5% organically... More