Hillenbrand Inc · Q1 2020 earnings

Briefing

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.

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.

Headline financials

Revenue & EPS history

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.