HI - Hillenbrand +6% after beating Q4 estimates; guides 1Q21 EPS above consensus

Hillenbrand (HI) is up 6% in after-hours, on reporting FQ4 revenue growth of ~43% Y/Y to $693.7M, driven by the acquisition of Milacron; organic revenue decreased 2%.Company recorded impairment charges of $62M during the quarter; adjusted EPS of $0.92 increased 8% driven by the acquisition of Milacron and strong Batesville results.Sales by segments: Advanced Process Solutions $330M (-6% Y/Y); Molding Technology Solutions $217M (+17% Y/Y); and Batesville $147M (+8% Y/Y).Q4 Gross margin improved by 35 bps to 34.7%.Adj. EBITDA was $141M (+62% Y/Y); and margin expanded by 240 bps to 20.3%.Net cash provided by operating activities YTD was $354.8M compared to $178.9M a year ago; and cash flow was $318.9M.Net debt at the end of the quarter was $1.3B, and the net debt to adj. EBITDA ratio was 2.7x, an improvement of 1.1x from December 31, 2019.Order backlog was at $1.23B (+43% Y/Y), primarily driven by the acquisition of Milacron and large plastics projects in Advanced Process Solutions.1Q21 Outlook:

For further details see:

Hillenbrand +6% after beating Q4 estimates; guides 1Q21 EPS above consensus