Hillenbrand (HI) Reports Q4 EPS of $0.67, Revenues Beat; Initiates FY19 EPS Outlook
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Hillenbrand Reports Fourth Quarter and Fiscal Year 2018 Results and Introduces 2019 Guidance
November 13, 2018 4:30 PM ESTBATESVILLE, Ind., Nov. 13, 2018 /PRNewswire/ --
Fiscal Fourth Quarter 2018 Highlights:
Record quarterly revenue of $475 million increased 7% over prior year driven primarily by Process Equipment Group revenue growth of 12% Net income grew 16% to $45 million year over year; adjusted EBITDA of $81 million was down 1% GAAP EPS of $0.70 increased 17%, and adjusted EPS of $0.67 increased 8% vs. prior year Order backlog grew 29% year over year to a record level of $815 million Cash flow from operations of $92 million decreased $51 million compared to prior year driven primarily by changes in working... More