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Mar 31, 2020
Hillenbrand Q2 2020 Earnings Report
Hillenbrand delivered solid operating results, with revenue increasing due to the addition of Milacron, despite softness in certain industrial end markets. The company also completed the divestiture of Cimcool.
Key Takeaways
Hillenbrand's Q2 2020 results showed a revenue increase of 40% to $649 million due to the Milacron acquisition, although organic revenue decreased by 3%. GAAP EPS was ($0.99), while adjusted EPS was $0.53. The company's order backlog increased by 22% to $1.17 billion. They also completed the divestiture of Cimcool during the quarter.
Revenue increased by 40% year-over-year to $649 million, driven by the addition of Milacron.
GAAP EPS decreased to ($0.99), while adjusted EPS decreased to $0.53.
Order backlog increased by 22% year-over-year to $1.17 billion.
Cash flow from operations increased by 150% to $28 million.
Hillenbrand
Hillenbrand
Forward Guidance
Hillenbrand anticipates its fiscal third quarter performance will be lower year-over-year based on reduced global economic activity.