Hillenbrand, Inc. (NYSE:HI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Hillenbrand, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 2% to $0.49 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 53.45% to $398.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hillenbrand, Inc. reported adjusted EPS income of $0.49 per share. By that measure, the company missed the mean analyst estimate of $0.53. It missed the average revenue estimate of $437.85 million.
Quoting Management: “We are pleased with the second-quarter performance from Coperion and Batesville,” said Kenneth A. Camp, president and chief executive officer of Hillenbrand. “Our base Process Equipment Group had a tough comparable quarter, with the second quarter of 2012 heavily influenced by steep demand for equipment that processes proppants used in hydraulic fracturing and a large base resins project. We are confident about the long-term growth potential of the Process Equipment Group and are encouraged by the progress made on the planned synergies of the Coperion acquisition.”
Key Stats (on next page)…
Revenue increased 30.57% from $305.2 million in the previous quarter. EPS increased 19.51% from $0.41 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.44 to a profit $0.41. For the current year, the average estimate has moved up from a profit of $1.88 to a profit of $1.89 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)