Hillenbrand (NYSE:HI) shares rose more than 2% after-hours following the company’s reported Q4 results, with EPS of $1.13 coming in better than the consensus estimate of $1.07.
Revenue grew 26% year-over-year to $762.8 million, beating the consensus estimate of $727.11M, primarily due to acquisitions, including a $43M contribution from the Schenck Process Food and Performance Materials acquisition.
"Fiscal 2023 was a transformational year for Hillenbrand. We executed our strategy to position the portfolio for long-term success as a pure-play, global industrial company and delivered solid performance against the backdrop of a challenging macroeconomic environment, including strong organic growth in our Advanced Process Solutions segment,” said CEO Kim Ryan.
For Q1/24, the company expects EPS to be in the range of $0.66-$0.71, compared to the consensus of $0.81.
For the full year, EPS is seen at $3.60-$3.95, compared to the consensus of $3.87, and revenue at $3.28-$3.44 billion, compared to the consensus of $3.18B.