Hillenbrand (HI) Tops Q2 EPS by 2c
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Hillenbrand Reports Second Quarter Fiscal Year 2019 Financial Results
May 1, 2019 4:33 PM EDTBATESVILLE, Ind., May 1, 2019 /PRNewswire/ --
Revenue of $465 million increased 3% YoY driven by Process Equipment Group revenue growth of 9% GAAP EPS of $0.60 increased $0.94 primarily as a result of goodwill and trade name impairments recorded in 2018 that did not repeat; adjusted EPS of $0.63 decreased $0.02, or 3% Order backlog grew 28% YoY to a record level of $960 million driven primarily by demand for large plastics projects YTD cash flow from operations of $47 million decreased $15 million compared to prior year largely due to an increase in cash paid for taxes... More