Hillenbrand (HI) Tops Q4 EPS by 36c, Revenue Beats, Offers Q1 Guidance
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Hillenbrand Reports Fourth Quarter and Fiscal Year 2020 Results
November 11, 2020 4:31 PM ESTBATESVILLE, Ind., Nov. 11, 2020 /PRNewswire/ --Â
Fiscal Fourth Quarter 2020 Highlights:
Record quarterly revenue of $694 million increased 43% over prior year driven by the acquisition of Milacron; organic revenue decreased 2% as Batesville growth of 8% was more than offset by a decrease of 6% in Advanced Process Solutions, formerly referred to as the Process Equipment Group GAAP EPS of ($0.09) included non-cash impairment charges of $62 million; adjusted EPS1 of $0.92 increased 8% driven by the acquisition of Milacron and strong Batesville results Record order backlog of $1.23 billion grew 43% year over year primarily driven by the... More