HI - Hillenbrand: Looking For Demand In End-Markets To Change Fast

2024-06-07 06:06:11 ET

Summary

• Hillenbrand, Inc. missed its Q2 earnings estimates and revised its fiscal 2024 outlook downward, causing its stock to decline.
• The company is facing challenges with volume trends and low profit margins, leading to cost-cutting measures.
• Hillenbrand's increasing debt and negative organic volume trends are impacting its financials and cash flow.

Intro

Our most recent commentary on Hillenbrand , Inc. ( HI ) was in March 2023 when we pointed to how the Industrial player was continuing to buy into growth markets. Due to significant overhead technical resistance & declining forward growth projections at the time; however, we stood pat on our 'Hold' rating on the stock. Shares are down just over 4% over the past 15 months or so as sustained consolidation continues as we see below....

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