Hillenbrand reports Q4 adjusted 83c EPS , consensus 61c

Reports Q4 revenue $652M, consensus $594.07M. “Our teams delivered strong results in the fourth quarter, underpinned by focused execution of our strategic initiatives amid the evolving macroeconomic backdrop,” said CEO Kim Ryan. “Over the past several years, Hillenbrand (HI) has transformed into a pure-play global industrial company, strategically invested in the business, and carefully managed costs. The transformation, along with these other actions, helped position us for long-term success and led to external interest in Hillenbrand. We are excited about the pending acquisition by Lone Star and remain focused on serving our customers through the transition period.”