Hillenbrand (HI) Tops Q2 EPS by 1c; Reaffirms
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Hillenbrand Reports Fiscal Second Quarter 2022 Results
May 9, 2022 4:25 PM EDTFiscal Second Quarter 2022 Highlights:
Revenue of $742 million increased 3% compared to prior year or 5% on a pro forma basisGAAP EPS of $0.74 decreased 28% primarily due to the gain on sale of ABEL in the prior year; adjusted EPS of $1.01 increased 3% primarily due to higher volume in Advanced Process SolutionsTotal backlog of $1.7 billion, up 14% compared to prior year on a pro forma basis$67 million of share repurchases completed during quarter and subsequently through May 5, 2022Completed CFO transition with the appointment of Bob VanHimbergen effective April 30,... More