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Sep 30, 2023
Hillenbrand Q4 2023 Earnings Report
Hillenbrand reported a revenue increase of 26% and an adjusted EPS increase of 45%, driven by acquisitions, including Schenck FPM, while organic revenue decreased slightly.
Key Takeaways
Hillenbrand's Q4 2023 results showed a significant increase in revenue and adjusted EPS, primarily due to recent acquisitions, particularly Schenck FPM. However, organic revenue experienced a slight decrease. The company is focused on managing economic uncertainties and integrating acquisitions for future growth.
Revenue increased by 26% to $763 million, including $43 million from Schenck FPM; organic revenue decreased by 1%.
GAAP EPS decreased to $0.24 from $0.44, while adjusted EPS increased by 45% to $1.13, including a $0.02 net contribution from Schenck FPM.
Adjusted EBITDA margin increased by 90 basis points to 19.3%.
Advanced Process Solutions (APS) revenue increased by 57%, with organic revenue up by 7%, while Molding Technology Solutions (MTS) revenue decreased by 10%.
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 annual guidance for fiscal year 2024 and quarterly guidance for fiscal Q1 2024. Full Year adjusted EPS of $3.60 - $3.95; Q1 adjusted EPS of $0.66 - $0.71
Positive Outlook
- Momentum in recent acquisitions
- Outlook for continued organic growth within the APS segment
- Focused on driving efficiencies and optimizing costs in MTS segment
- Confident MTS segment is well positioned to return to growth
- Prioritizing deleveraging balance sheet and integrating recent acquisitions
Challenges Ahead
- Ongoing uncertainty within the global economic and geopolitical environment
- Challenging macro environment in MTS segment
- Top-line headwinds in MTS segment
- Does not assume a broader economic recession
- Integration of recent acquisitions remain top priorities
Revenue & Expenses
Visualization of income flow from segment revenue to net income