Hillenbrand Reports Record Third Quarter Earnings for FY2023

August 21, 2023

🌥️Earnings Overview

On August 2, 2023, HILLENBRAND ($NYSE:HI) reported its earnings results for the third quarter of FY2023, which concluded on June 30, 2023. Total revenue for the period was USD 716.6 million, representing a 0.6% decline year over year. Reported net income was USD 43.3 million, a decrease of 11.3% compared to the same quarter of the previous year.

Price History

The company’s stock opened at $51.0 and closed at $50.9, a decrease of 1.0% from the previous closing price of $51.4. The decline in stock price came despite favorable earnings results, highlighted by Hillenbrand‘s strong performance in the third quarter. Hillenbrand’s performance was driven by strong organic growth across its portfolio of brands, including Batesville, Milacron and K2 Industrial Solutions.

The company also benefited from a number of acquisitions during the quarter, which helped to drive revenue and growth. Going forward, Hillenbrand remains confident in its ability to continue to deliver strong results throughout the remainder of the fiscal year. Live Quote…

About the Company

  • Hillenbrand_Reports_Record_Third_Quarter_Earnings_for_FY2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Hillenbrand. More…

    Total Revenues Net Income Net Margin
    3.29k 608.3 6.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Hillenbrand. More…

    Operations Investing Financing
    334.6 -78.1 -21.5
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Hillenbrand. More…

    Total Assets Total Liabilities Book Value Per Share
    4.73k 3.05k 23.77
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Hillenbrand are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    12.6% 34.7% 12.2%
    FCF Margin ROE ROA
    8.0% 15.3% 5.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we performed an analysis of HILLENBRAND‘s financials and found that it is a high risk investment in terms of financial and business aspects. We have detected 3 risk warnings in their income sheet, balance sheet, and non-financial information. For anyone considering investing in HILLENBRAND, we make it easy to access our findings. Simply register as a user and you can check out our analysis for yourself. Our team of experts are always ready to provide any additional assistance or information you may need. We urge all potential investors to conduct their own research before making a decision. At GoodWhale, we want to provide you with the best possible information to make the most informed decisions about your investments. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company has a strong history of innovation and customer focus, and its products are used in a variety of applications. Hillenbrand‘s primary competitors are UVAT Technology Co Ltd, Hefei Meyer Optoelectronic Technology Inc, and Pfeiffer Vacuum Technology AG. These companies are all leaders in their respective fields, and each offers a unique set of products and services.

    – UVAT Technology Co Ltd ($TPEX:3580)

    Shenzhen-based electronics manufacturer, DJI Innovations, is a world leader in developing and manufacturing creative solutions for aerial photography and filmmaking, gimbal stabilization systems, and ground-based imaging solutions. DJI’s products are used in a wide variety of industries, including filmmaking, agriculture, search and rescue, energy infrastructure, and more. The company has a market cap of 1.98B as of 2022 and a Return on Equity of 14.66%. DJI is constantly innovating to bring new products and solutions to market, and is committed to helping its customers achieve their creative vision.

    – Hefei Meyer Optoelectronic Technology Inc ($SZSE:002690)

    Meyer Optoelectronic Technology Inc. is a market leader in optoelectronic technology and products. They have a market capitalization of 21.14 billion as of 2022 and a return on equity of 15.88%. The company is dedicated to the research, development, production, and sales of optoelectronic products. They offer a wide range of products including: semiconductor lasers, optical fiber communication products, laser displays, and more. The company is headquartered in Hefei, China and has over 3,000 employees.

    – Pfeiffer Vacuum Technology AG ($LTS:0FQR)

    Pfeiffer Vacuum Technology AG is a leading manufacturer of vacuum pumps, chambers, and abatement solutions. The company has a market capitalization of 1.33 billion as of 2022 and a return on equity of 13.49%. Pfeiffer Vacuum Technology AG designs, manufactures, and markets a broad range of products for a variety of applications in the semiconductor, scientific research, medical, steel, and glass industries.

    Summary

    HILLENBRAND reported its financials for the third quarter of FY2023, with total revenues of USD 716.6 million, a decrease of 0.6% year over year. Net income for the period was USD 43.3 million, a decrease of 11.3%. This could be disappointing news for investors, as it may indicate that the company is not performing as expected.

    However, it is important to consider other factors such as industry trends, competition, and macroeconomic conditions before making any investment decisions. Investors should also keep an eye on HILLENBRAND’s future performance to get a better understanding of the company’s performance.

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