Hillenbrand, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 02, 2023 at 04:36 pm EDT
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Hillenbrand, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 716.6 million compared to USD 579.8 million a year ago. Net income was USD 43.3 million compared to USD 48.8 million a year ago. Basic earnings per share from continuing operations was USD 0.6 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.6 compared to USD 0.42 a year ago. Basic earnings per share was USD 0.62 compared to USD 0.68 a year ago. Diluted earnings per share was USD 0.62 compared to USD 0.68 a year ago.
For the nine months, sales was USD 2,063.2 million compared to USD 1,711.4 million a year ago. Net income was USD 551.5 million compared to USD 152.1 million a year ago. Basic earnings per share from continuing operations was USD 1.29 compared to USD 1.09 a year ago. Diluted earnings per share from continuing operations was USD 1.29 compared to USD 1.08 a year ago. Basic earnings per share was USD 7.91 compared to USD 2.1 a year ago. Diluted earnings per share was USD 7.88 compared to USD 2.08 a year ago.
Hillenbrand, Inc. is a global industrial company that provides processing equipment and solutions. The Company operates through two segments: advanced process solutions and molding technology solutions. The advanced process solutions segment is a provider of process and material handling equipment, systems, and aftermarket parts and services for a variety of industries, including durable plastics, food and recycling. This segment's technologies include compounding, extrusion, material handling, conveying, mixing, ingredient automation, portion process, and screening and separating equipment. The molding technology solutions segment provides equipment, systems and aftermarket parts and service for the plastic technology processing industry. This segment has a product portfolio that includes injection molding and extrusion equipment, hot runner systems, mold bases and components, and maintenance, repair, and operating supplies. Its brands include Coperion, Milacron, K-Tron and Rotex.
HILLENBRAND, INC. 
