HI - Hillenbrand: Softness In End-Markets To Weigh On 2020 Revenue
In the second quarter of fiscal 2020, Hillenbrand, Inc. (HI), a diversified industrial equipment company, fared much better than Wall Street expected. Its adjusted earnings per share and revenue were well above the level analysts forecasted even despite softness in a few end-markets inclusive of the automotive and oil & gas industries.
In the previous article, I concluded HI did not receive the appreciation it deserves. In March, after the steep price decline amid the coronavirus-induced sell-off, the share price plummeted but then rebounded together with the overall market. At the moment, the