NEW YORK - Hillenbrand Inc . (NYSE:HI) reported better-than-expected fourth quarter results but saw its shares tumble 14.4% Thursday morning as the industrial equipment maker's guidance fell short of analyst expectations.
The Batesville, Indiana-based company posted adjusted earnings per share of $1.01 for the quarter ended September 30, beating the analyst consensus of $0.92. Revenue came in at $838 million, surpassing estimates of $793.38 million and rising 10% YoY.
However, Hillenbrand's outlook for fiscal 2025 disappointed investors. The company forecast full-year adjusted EPS of $2.80-$3.15, below the $3.22 consensus. It also projected revenue of $2.925-$3.09 billion, short of the $3.14 billion analysts were expecting.
For the first quarter, Hillenbrand sees adjusted EPS of $0.52-$0.57 on revenue of $685-705 million, both well below Wall Street forecasts.
"Heading into fiscal 2025, our pipeline of customer opportunities is healthy, and we remain confident in the underlying growth trends that support our end markets over the long-term," said CEO Kim Ryan. "While we are cautious in our near-term revenue outlook, we are committed to controlling what we can through innovation, continued cost discipline, and driving operational efficiencies across the enterprise to better position us for success once end market demand recovers."
The company said it expects total revenue to be down mid-single digits in fiscal 2025, primarily driven by its Advanced Process Solutions segment.
Hillenbrand's fourth quarter revenue growth was driven by its acquisition of the Schenck Process Food and Performance Materials business. Organic revenue decreased 1% YoY.
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