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Sep 30, 2021
Hillenbrand Q4 2021 Earnings Report
Hillenbrand's revenue increased by 9% and adjusted EPS increased by 9% compared to the prior year.
Key Takeaways
Hillenbrand reported a strong Q4 2021 with revenue increasing by 9% to $755 million and adjusted EPS increasing by 9% to $1.00. The company's total backlog increased by 43% to $1.72 billion. Hillenbrand is well positioned for growth in fiscal 2022 and beyond.
Revenue increased 9% compared to the prior year, or 12% on a pro forma basis.
GAAP EPS was $0.74 compared to a loss of $0.09 in the prior year; adjusted EPS was $1.00, an increase of 9%.
Total backlog increased 43% compared to the prior year on a pro forma basis.
The company completed portfolio simplification through announced divestitures of Red Valve and ABEL during fiscal year 2021 and TerraSource Global in October 2021.
Revenue by Segment
Forward Guidance
For fiscal year 2022, Hillenbrand is reinstating its practice of providing annual guidance. Revenue and EBITDA margin guidance is on a pro forma basis, excluding the divested Red Valve and ABEL businesses from the prior year, as well as the divested TerraSource Global business from the prior year and the period of October 1, 2021 through October 22, 2021.
Challenges Ahead
- We expect supply chain disruptions, elevated transportation costs, and labor market shortages to persist through the majority of the fiscal year.
- We expect commodity costs to remain elevated through at least the first half of the fiscal year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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