Hillenbrand: Fiscal Q2 Earnings Snapshot

BATESVILLE, Ind. (AP) _ Hillenbrand Inc. (HI) on Tuesday reported fiscal second-quarter net income of $78.1 million, after reporting a loss in the same period a year earlier.

The Batesville, Indiana-based company said it had net income of $1.03 per share. Earnings, adjusted for non-recurring gains, came to 98 cents per share.

The diversified industrial company specializing in business-to-business products posted revenue of $722.3 million in the period.

For the current quarter ending in July, Hillenbrand expects its per-share earnings to range from 70 cents to 80 cents.

The company said it expects revenue in the range of $665 million to $695 million for the fiscal third quarter.

Hillenbrand shares have increased 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $49.41, more than doubling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HI at https://www.zacks.com/ap/HI