Hillenbrand: Fiscal 1Q Earnings Snapshot
BATESVILLE, Ind. (AP) _ Hillenbrand Inc. (HI) on Tuesday reported fiscal first-quarter net income of $28.3 million.
On a per-share basis, the Batesville, Indiana-based company said it had net income of 45 cents. Earnings, adjusted for pretax expenses and costs related to mergers and acquisitions, came to 49 cents per share.
The diversified industrial company specializing in business-to-business products posted revenue of $410.3 million in the period.
Hillenbrand expects full-year earnings in the range of $2.45 to $2.60 per share.
Hillenbrand shares have climbed 8 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.97, a drop of slightly more than 9 percent in the last 12 months.