Hillenbrand reports Q2 adjusted EPS 76c, consensus 75c

Reports Q2 revenue $785.3M, consensus $810.69M. “We continued to experience a dynamic demand environment across key end markets in our second quarter. Orders improved sequentially in both segments, however, demand for mid-size capital equipment projects in APS and short-cycle hot runner equipment in MTS remained below our expectations. We continue to focus on executing our integration to achieve synergies, and we were pleased with the margin expansion in our APS segment in the quarter, despite lower volumes. Across the enterprise, we’re driving cost savings initiatives, including expanding the MTS restructuring we announced last quarter, and implementing additional cost actions within our APS segment in response to the top line headwinds we expect through the remainder of fiscal year 2024. As we navigate this uncertain macro environment, we’re confident in the strength of our leading brands, and we remain well positioned to capitalize on long-term opportunities for growth and margin expansion across our portfolio of highly-engineered processing equipment and solutions,” said Kim Ryan, President and Chief Executive Officer of Hillenbrand.