Hillenbrand Reports Record Earnings, Revenue Beats Expectations
May 9, 2023
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Hillenbrand ($NYSE:HI) Inc. has reported record earnings and revenue that have exceeded expectations this quarter. Their Non-GAAP Earnings Per Share (EPS) of $0.74 exceeded estimates by $0.03, while total revenue of $690.9M surpassed forecasts by $15.7M. This marks a significant success for the company, which is a leading global diversified industrial company that manufactures and markets industrial and consumer products. Hillenbrand operates in two segments; the Process Equipment Group and Batesville. This impressive performance can be attributed to multiple factors, such as Hillenbrand’s focus on cost reduction initiatives, product innovations, and strategic acquisitions.
These results demonstrate the company’s commitment to long-term growth and financial health. The Batesville segment also saw robust growth in sales volumes and improved gross margin. Hillenbrand is confident that its strong performance this quarter will continue in the future thanks to its strategic investments and focus on cost reduction initiatives.
Stock Price
On Monday, Hillenbrand Inc. reported a record quarter of earnings and revenue that beat analysts’ expectations. The stock opened at $47.2 and closed at $46.8, down by 0.3% from its previous closing price of 47.0. Despite the slight decrease, the company’s quarterly results were robust and delivered higher than anticipated. The strong performance was largely attributed to the company’s diversified portfolio of businesses, which allows it to quickly take advantage of opportunities in any economic environment.
Additionally, Hillenbrand has asserted its commitment to continuously improving its operational efficiency and investing for the future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hillenbrand. More…
| Total Revenues | Net Income | Net Margin |
| 3.03k | 205.4 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hillenbrand. More…
| Operations | Investing | Financing |
| 165.2 | -773.3 | 403.5 |
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 |
| 4.89k | 3.69k | 16.78 |
Key Ratios Snapshot
Some of the financial key ratios for Hillenbrand are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.6% | 31.9% | 12.6% |
| FCF Margin | ROE | ROA |
| 3.5% | 21.3% | 4.9% |
Analysis
At GoodWhale, we’ve conducted an analysis of HILLENBRAND‘s financials and assessed that it is a high risk investment. We have detected three specific risk warnings in their income sheet, balance sheet and non-financials. By running our proprietary algorithms and reviewing data points such as cash flow, debt risks and other factors, we can measure the financial health of a company. We found that HILLENBRAND falls under the high risk category. To access more information about our analysis, we encourage you to register at GoodWhale.com. Our full report provides a detailed breakdown of the risks associated with HILLENBRAND and how it might affect your investments. We also offer tailored advice and insights to help you make more informed decisions. Sign up today to access our financial analysis and get a better understanding of HILLENBRAND’s performance. More…
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
The company reported strong cash flows and continued to manage its debt levels, providing investors with confidence in its financial health. Overall, Hillenbrand delivered a solid financial performance and investors should take note of the company’s positive outlook going forward.
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