NYSE$HI
Hillenbrand Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Hillenbrand's second quarter performance exceeded expectations, driven by strong orders in Advanced Process Solutions and sequential improvement in Molding Technology Solutions.
Hillenbrand reported a 22% increase in revenue to $691 million, with organic revenue growth of 9%. Adjusted EPS increased by 14% to $0.74. The company exited the quarter with a record backlog of $1.97 billion, up 16% year-over-year.
- Revenue from continuing operations increased 22% to $691 million, with organic revenue up 9%.
- GAAP EPS from continuing operations was $0.33, while adjusted EPS from continuing operations increased 14% to $0.74.
- Record backlog increased 16% to $1.97 billion, with organic backlog up 3%.
- Operating cash flow increased by $65 million to $50 million.
Headline financials
Revenue & EPS history
Hillenbrand · Revenue · Quarterly
$691M
Revenue by segment
Hillenbrand · $691M total across 2 segments · Q2 2023
- Advanced Process Solutions$431M+36.8%62.4%
- Molding Technology Solutions$260M+3.6%37.6%
Forward guidance
Hillenbrand is updating its annual guidance for fiscal year 2023 and quarterly adjusted EPS guidance for fiscal Q3 on a continuing operations basis, maintaining the midpoint of adjusted EPS guidance while slightly raising the revenue estimate at the midpoint.
Tailwinds
- FY23 Revenue for Advanced Process Solutions is projected to be $1,800 - $1,830 million, a 42% - 44% increase year-over-year.
- FY23 Revenue for Molding Technology Solutions is projected to be $1,010 - $1,030 million, a (3)% - (1)% decrease year-over-year.
- FY23 Hillenbrand Revenue is projected to be $2,810 - $2,860 million, a 22% - 24% increase year-over-year.
- FY23 Adjusted EBITDA is projected to be $468 - $499 million, a 16% - 24% increase year-over-year.
- Full Year Adjusted EPS is projected to be $3.30 - $3.50, a 21% - 29% increase year-over-year.
Headwinds
- FY23 Adjusted EBITDA margin for Advanced Process Solutions is projected to be 18.5% - 19.0%, a (120) - (70) decrease in bps year-over-year.
- FY23 Adjusted EBITDA margin for Molding Technology Solutions is projected to be 19.0% - 20.0%, a (170) - (70) decrease in bps year-over-year.
- Fiscal Q3 Adjusted EPS is projected to be $0.88 - $0.94, a 28% - 36% increase year-over-year.
- Molding Technology Solutions revenue is expected to decline (3)% - (1)% year-over-year.
- Some customer decision delays continue to be experienced.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
-0.6%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-3.7%
Avg return
30 days after
45%
29 / 64 earnings
Positive
+18.5%
Q3 2025
Best reaction
-16.3%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | — | — | — | |
| Q4 2025 | +0.0% | +0.3% | +0.1% | |
| Q3 2025 | +18.5% | +26.8% | +29.6% | |
| Q2 2025 | -10.6% | -9.5% | -13.8% | |
| Q1 2025 | -7.3% | +1.1% | -18.7% | |
| Q4 2024 | +9.8% | +5.3% | +4.9% | |
| Q3 2024 | -6.9% | -14.0% | -25.7% | |
| Q2 2024 | -16.3% | -14.5% | -7.4% | |
| Q1 2024 | -6.6% | -2.6% | +1.1% | |
| Q4 2023 | -3.6% | — | — | |
| Q3 2023 | -6.3% | — | — | |
| Q2 2023 | -4.5% | — | — | |
| Q1 2023 | -6.1% | — | — | |
| Q4 2022 | +6.0% | — | — | |
| Q3 2022 | -0.1% | — | — | |
| Q2 2022 | -4.2% | — | — | |
| Q1 2022 | +0.8% | — | — | |
| Q4 2021 | +0.5% | — | — | |
| Q3 2021 | +0.7% | — | — | |
| Q2 2021 | -7.2% | — | — | |
| Q1 2021 | +0.1% | — | — | |
| Q4 2020 | +0.3% | — | — | |
| Q3 2020 | +6.5% | — | — | |
| Q2 2020 | +1.6% | — | — | |
| Q1 2020 | -2.1% | — | — | |
| Q4 2019 | -1.8% | — | — | |
| Q3 2019 | -7.3% | — | — | |
| Q2 2019 | -5.8% | — | — | |
| Q1 2019 | +6.5% | — | — | |
| Q4 2018 | -2.8% | — | — | |
| Q3 2018 | +4.0% | — | — | |
| Q2 2018 | -5.3% | — | — | |
| Q1 2018 | +2.6% | — | — | |
| Q4 2017 | +9.0% | — | — | |
| Q3 2017 | +0.4% | — | — | |
| Q2 2017 | +3.1% | — | — | |
| Q1 2017 | -3.1% | — | — | |
| Q4 2016 | +2.7% | — | — | |
| Q3 2016 | -0.7% | — | — | |
| Q2 2016 | -0.6% | — | — | |
| Q1 2016 | -6.4% | — | — | |
| Q4 2015 | -1.1% | — | — | |
| Q3 2015 | +5.7% | — | — | |
| Q2 2015 | +10.5% | — | — | |
| Q1 2015 | -6.4% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | +1.4% | — | — | |
| Q2 2014 | -2.0% | — | — | |
| Q1 2014 | +7.0% | — | — | |
| Q4 2013 | +2.7% | — | — | |
| Q3 2013 | -1.1% | — | — | |
| Q2 2013 | -2.6% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | +1.6% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | +1.4% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | +7.0% | — | — | |
| Q3 2011 | -8.4% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2010 | -4.7% | — | — | |
| Q3 2010 | -4.8% | — | — | |
| Q3 2009 | -4.8% | — | — | |
| Q2 2010 | +1.6% | — | — |
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