What Happened?
Shares of industrial processing equipment and solutions provider Hillenbrand (NYSE:HI) jumped 16% in the afternoon session after the company reported second-quarter results that beat Wall Street's expectations for both revenue and earnings. The industrial equipment maker reported second-quarter adjusted earnings of $0.51 per share and revenue of $598.9 million, surpassing Wall Street's forecasts of $0.50 per share and $572.5 million, respectively. While revenue declined 23.9% year over year, the beat on the top line was a positive for investors. Looking ahead, Hillenbrand provided an encouraging outlook, slightly raising its full-year revenue guidance and maintaining the midpoint of its adjusted earnings per share forecast.
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What Is The Market Telling Us
Hillenbrand’s shares are very volatile and have had 26 moves greater than 5% over the last year. But moves this big are rare even for Hillenbrand and indicate this news significantly impacted the market’s perception of the business.
The biggest move we wrote about over the last year was 9 months ago when the stock gained 15.1% on the news that the company reported strong third-quarter results which blew past analysts' revenue and EBITDA estimates. Revenue improved sequentially despite a challenging demand environment for the business as customers delayed purchases in some end markets. On the other hand, its full-year EPS guidance missed significantly, and its revenue guidance for next quarter fell meaningfully short of Wall Street's estimates. Overall, this was a mixed yet decent quarter, with the results indicating improved execution.
Hillenbrand is down 23.6% since the beginning of the year, and at $23.27 per share, it is trading 34.1% below its 52-week high of $35.33 from January 2025. Investors who bought $1,000 worth of Hillenbrand’s shares 5 years ago would now be looking at an investment worth $685.62.
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