BATESVILLE, Ind. – Hillenbrand, Inc. is releasing results for the fourth quarter ended September 30, 2014.
Revenue grew 6 percent over the prior year to $469 million. The company also noted the Process Equipment Group increased revenue by 10 percent to $319 million and finished the year with $580 million in order backlog, 4 percent below the prior year but consistent on a constant currency basis.
Hillenbrand’s revenue for fiscal year 2014 increased 7 percent to$1.67 billion and net income increased 73 percent to $109.7 million ($1.72 per diluted share).
“We are pleased with the results delivered for the quarter and year, particularly the profitability improvements in the Process Equipment Group,” said Joe A. Raver, president and chief executive officer of Hillenbrand.
“We are confident that we are on the right path to deliver long-term growth and shareholder value as we continue to execute the growth strategy that has transformed Hillenbrand into a global diversified industrial company.”
Hillenbrand expects 2015 revenue growth of 2-4% on a constant currency basis. Revenue from the Process Equipment Group is projected to grow 4-6% on a constant currency basis and Batesville is expected to deliver revenue in line with 2014.
Given current foreign exchange rates, management expects a 4% negative translation impact to revenue compared to 2014. Adjusted diluted EPS for 2015 is projected to range from $2.05 to $2.15.
