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Mar 31, 2021
Hillenbrand Q2 2021 Earnings Report
Hillenbrand reported solid results driven by strong growth within Molding Technology Solutions and COVID-19 related demand at Batesville.
Key Takeaways
Hillenbrand's Q2 2021 results showed an 11% increase in revenue to $722 million, driven by Molding Technology Solutions and COVID-19 related demand at Batesville. GAAP EPS was $1.03, and adjusted EPS increased 40% to $0.98. The company's backlog increased 30% year over year to a record $1.52 billion.
Revenue increased 11% year over year to $722 million, with pro forma revenue up 18%.
GAAP EPS was $1.03, compared to a loss of $0.99 in the prior year, while adjusted EPS increased 40% to $0.98.
Backlog increased 30% year over year to a record $1.52 billion.
Cash flow from operations increased to $193 million, and net leverage decreased to 1.7x.
Hillenbrand
Hillenbrand
Hillenbrand Revenue by Segment
Revenue by Segment
Advanced Process Solutions Revenue
CapyFin.comMolding Technology Solutions Revenue
CapyFin.com Forward Guidance
Hillenbrand is providing guidance for the fiscal third quarter 2021. Total quarterly revenue expected to be between $665 and $695 million, or increase 13% - 17% year over year on a pro forma basis which excludes Red Valve and ABEL. Adjusted EPS of $0.70- $0.80.
Positive Outlook
- Total quarterly revenue expected to be between $665 and $695 million
- Advanced Process Solutions revenue expected to be between $312 and $326 million
- Molding Technology Solutions expected to be between $228 and $239 million
- Adjusted EPS of $0.70- $0.80
- Total quarterly revenue expected to increase 13% - 17% year over year on a pro forma basis which excludes Red Valve and ABEL
Challenges Ahead
- Continued uncertainties regarding the duration and severity of the COVID-19 pandemic including vaccine rollout and effectiveness
- Resurgence of the virus in various parts of the world
- Supply chain uncertainties
- Assumes a gradual stabilization of the global economy continues
- Assumes no significant increase in pandemic-related disruptions to the Company’s businesses
Revenue & Expenses
Visualization of income flow from segment revenue to net income