HillenbrandNYSE: HI

Hillenbrand has divested its deathcare business and now focuses on key growth markets, particularly in the Advanced Process Solutions segment. The company has seen impressive growth in revenue and net profits, with a significant portion of revenue coming from strategic growth markets such as food and pharmaceutical processing. Shares of Hillenbrand are attractively priced compared to similar firms and offers solid upside potential from here.

Hillenbrand exceeded earnings forecasts for the quarter, despite sales being lower than anticipated. The company has revised its full-year revenue and free cash estimates downward due to ongoing challenges at its molding business.

A conference call and simultaneous webcast will be held by Hillenbrand, Inc. (NYSE: HI) on Wednesday, May 1, 2024, at 8:00 a.m. in Batesville, Indiana.

BATESVILLE, Ind. , Jan. 23, 2024 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) will hold a conference call and simultaneous webcast Tuesday, February 6, 2024, at 8:00 a.m.

Hillenbrand's (HI) fourth-quarter fiscal 2023 earnings rise year over year, reflecting contributions from acquisitions and gains from favorable pricing and productivity improvements.

Recent economic data suggests a slowdown in the US labor market and moderate inflation, leading to hopes that the interest rate hike cycle may be over. Hillenbrand, an industrial stock, is worth considering as it has undergone a transformation phase with divestitures and acquisitions in higher growth markets. While Hillenbrand's recent financial results have been mixed, its acquisitions in the food and recycling sectors position it for long-term growth opportunities.

Hillenbrand has seen good revenue growth driven by strong demand and recent acquisitions, but organic growth is expected to slow down. Organic Backlog for both segments has been sequentially decreasing, indicating a potential slowdown in organic revenue growth in the coming quarters. The upcoming acquisition of Schenck FPM business will increase the company's leverage and limit the potential for inorganic growth.