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Dec 31, 2019
Hillenbrand Q1 2020 Earnings Report
Hillenbrand's Q1 2020 earnings were released, featuring revenue growth driven by the Milacron acquisition, alongside an increase in adjusted EPS, but were offset by a GAAP EPS decrease due to acquisition and integration costs.
Key Takeaways
Hillenbrand reported a 38% increase in revenue to $567 million, driven by the acquisition of Milacron. GAAP EPS decreased to ($0.05), while adjusted EPS increased to $0.63. The company updated its fiscal 2020 adjusted EPS guidance to $2.30 - $2.55 to incorporate the Milacron acquisition.
Revenue increased 38% year over year to $567 million, driven by the acquisition of Milacron.
GAAP EPS decreased 111% to ($0.05) due to acquisition and integration costs, while adjusted EPS increased 29% to $0.63.
Order backlog increased 11% year over year to $1.05 billion, primarily due to the Milacron acquisition.
Cash flow from operations decreased 50% to $18 million, driven by acquisition and integration costs.
Revenue by Segment
Forward Guidance
Hillenbrand updated its fiscal 2020 guidance to include 10 months of Milacron ownership, projecting an adjusted EPS range of $2.30 to $2.55. The guidance also considers ongoing uncertainty around the macroeconomic outlook, global trade, the U.S. election, and the coronavirus.
Challenges Ahead
- Uncertainty around the macroeconomic outlook
- Global trade uncertainties
- The U.S. election
- The coronavirus
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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