NYSE$HI
Hillenbrand Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
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.
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%.
Headline financials
Revenue & EPS history
Hillenbrand · Revenue · Quarterly
$763M
Revenue by segment
Hillenbrand · $763M total across 2 segments · Q4 2023
- Advanced Process Solutions$516M+57.3%67.6%
- Molding Technology Solutions$247M-10.5%32.4%
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
Tailwinds
- 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
Headwinds
- 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
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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