secwatch.observer — SEC 8-K summary
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Issuer:     Hillenbrand, Inc. (—)
CIK:        0001417398
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001417398-24-000136
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hillenbrand Q2 adjusted EPS $0.76 up 3%; cuts FY24 EPS guidance to $3.30-$3.50
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- Total revenue $785M (+14% YoY), organic revenue -5%; MTS revenue down 13%.
- GAAP EPS $0.09 vs $0.33; adjusted EPS $0.76 vs $0.74; adjusted EBITDA $122.6M (+13%).
- MTS restructuring expanded: annual savings now ~$20M (from $15M); ~$25M charge in Q2.
- FY24 adjusted EPS outlook lowered to $3.30-$3.50 from $3.60-$3.95; free cash flow ~$130-$150M (was ~$230M).
- Operating cash flow $3M vs $50M; net debt $1.88B, net leverage 3.5x; liquidity $725M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417398/000141739824000136/0001417398-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417398/000141739824000136/hi-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001417398-24-000136

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