Hillenbrand reports Q1 adjusted EPS 69c, consensus 68c

Reports Q1 revenue $773M, consensus $777.81M. “We delivered revenue and adjusted earnings per share in the quarter in line with our expectations, led by strong performance from our recent Schenck Process Food and Performance Materials, or FPM, acquisition and solid aftermarket growth. The integration of FPM and Linxis continues to build excitement throughout the organization as we drive collaboration across our world-class product portfolio,” said Kim Ryan, President and CEO. “During the quarter, order demand in our Advanced Process Solutions segment remained solid and our project pipeline is robust, despite extended customer decision timing. Our Molding Technology Solutions segment faced greater than expected softness as we continued to see low customer demand amid the uncertain global macroeconomic environment.”