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BATESVILLE, Ind. - Hillenbrand, Inc. (NYSE:HI) reported fiscal third quarter earnings that exceeded analyst expectations, with revenue of $599 million surpassing the consensus estimate of $572.48 million. The company posted adjusted earnings per share of $0.51, slightly above the analyst estimate of $0.50. Shares rose 1.1% following the announcement.
Despite beating expectations, Hillenbrand’s revenue decreased 24% compared to the prior year, though on a pro forma basis (which accounts for divestitures) the decline was 10%. Adjusted EPS fell 40% from $0.85 in the same quarter last year. The company’s performance was impacted by lower capital equipment volume in its Advanced Process Solutions segment and ongoing customer purchasing delays related to tariff uncertainties.
"We delivered revenue ahead of and adjusted EPS in line with our expectations, despite customers continuing to delay purchasing decisions due to the dynamic tariff landscape," said Kim Ryan, President and CEO of Hillenbrand.
The company achieved $30 million in run-rate cost synergies from its Linxis and FPM acquisitions earlier than planned. On July 1, Hillenbrand completed the divestiture of its minority stake in TerraSource, generating approximately $115 million which was used to reduce debt.
For fiscal year 2025, Hillenbrand updated its revenue guidance to $2.595-$2.630 billion, above the consensus estimate of $2.58 billion. The company maintained its adjusted EPS outlook at $2.20-$2.35, which aligns with analyst expectations of $2.23.
The Advanced Process Solutions segment saw an 11% revenue decline to $507 million, while Molding Technology Solutions revenue fell 58% to $91.9 million, primarily due to the MIME divestiture. On a pro forma basis, the latter segment’s revenue decreased just 2%.
"These portfolio moves allow us to focus on our higher margin, higher growth, and higher ROIC businesses serving the performance materials and FHN end markets," Ryan added.
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