HI News and Press, Hillenbrand Inc From 02/03/21

Hillenbrand (HI): FQ1 Non-GAAP EPS of $0.96 beats by $0.29; GAAP EPS of $1.01 beats by $0.41.Revenue of $693M (+22.2% Y/Y) beats by $45.85M.Record backlog (results exclude Red Valve) increased 32% Y/Y.Total quarterly revenue expected to increase 12% to 16% in FQ2 while adj. EPS of 0.85 -...

Hillenbrand Reports Fiscal First Quarter 2021 Results PR Newswire BATESVILLE, Ind. , Feb. 3, 2021 /PRNewswire/ -- Fiscal First Quarter 2021 Highlights: Revenue of $693 million was 22% higher year over year driven by strong COVID-19 related d...

Hillenbrand Schedules First Quarter 2021 Earnings Call for February 4, 2021 PR Newswire BATESVILLE, Ind. , Jan. 19, 2021 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) will hold a conference call and simultaneous webcast Thursday, February 4, 2021 , at...

IDEX ([[IEX]] -0.2%) to acquire Abel Pumps and certain of its affiliates from Hillenbrand ([[HI]] -0.7%) for cash consideration of $103.5M.Transaction is expected to close in Q1 2021.ABEL’s annual sales are ~$34M.“The acquisition of ABEL will provide a comple...

Hillenbrand Announces Definitive Agreement to Sell ABEL Pumps to IDEX Corporation - ABEL divestment further streamlines portfolio, in line with previously announced intent to exit flow control businesses - Enables greater focus on platform businesses and growth opportunities...

IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire Abel Pumps, L.P., and certain of its affiliates (ABEL) from Hillenbrand, Inc. (NYSE: HI) for cash consideration of $103.5 million, before closing adjustments. ABEL designs ...

Through acquisitions over a 10-year period, Hillenbrand now operates under three reportable segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville (the legacy business). Hillenbrand went from being a high margin, low growth business, to a lower margin but h...

Hillenbrand Announces Sale of Red Valve Business to DeZURIK, Inc. - Divestiture is in line with communicated strategy to streamline portfolio - Enables greater focus on platform businesses and growth opportunities - Proceeds to be used to reduce leverage, further strengt...

Monthly update of the Dividend Champions List. 55 companies declared higher dividends in the past month, with an average increase of 6.1% over their previous payouts. One new Champion, ten new Contenders, and seven new Challengers. For further details see: Dividend Champ...

A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion And Contender Highlights: We...