Revenue and EPS Exceed Expectations
Hillenbrand reported revenue of $716 million and adjusted earnings per share of $0.60, both ahead of expectations despite a challenging macroeconomic environment.
Successful Portfolio Transformation
The company completed the divestiture of a 51% interest in the Milacron injection molding and extrusion business, allowing a focus on core strengths in engineered processing technologies.
Strong Demand in APS Segment
Year-over-year improvement in capital orders for food, health, and nutrition products within the Advanced Process Solutions segment.
TerraSource Global Divestiture
Entered into an agreement to sell TerraSource Global, expected to generate net proceeds of $100 million for debt reduction.