Q3 2025 Hillenbrand Inc Earnings Call Transcript
Key Points
- Hillenbrand Inc (HI) successfully completed the divestiture of the MIME business, generating approximately $265 million in net proceeds.
- The company reduced its debt by over $300 million during the fiscal year, strengthening its balance sheet.
- Hillenbrand achieved the targeted $30 million in run rate cost synergies from the LNXES and FPM acquisitions 20 months post-close, ahead of the original three- to five-year estimate.
- The Food, Health, and Nutrition (FHN) business now represents more than 25% of Hillenbrand's global revenue, indicating growth in a less cyclical end market.
- The company reported several key order wins post-third quarter, indicating an uptick in market activity and customer engagement.
- Hillenbrand Inc (HI) experienced a 24% decline in revenue year-over-year, driven by the divestiture of MIME and lower capital equipment volume in APS.
- Pro forma adjusted EBITDA decreased by 28%, impacted by lower volumes, unfavorable product mix, and inflation.
- The adjusted earnings per share decreased by 40% compared to the prior year, primarily due to the divestiture of the MIME business and lower APS volumes.
- The company faced cautious order behavior from customers amid global macroeconomic uncertainty and tariff announcements, leading to delays in project decisions.
- The Advanced Process Solutions (APS) segment saw a year-over-year decline in capital orders due to tariff uncertainty, resulting in customers delaying investment decisions.
Greetings and welcome to the Hillenbrand fiscal third quarter 2025 earnings call. (Operator Instructions)As a reminder, this conference is being recorded. I'd now like to turn the call over to your host, Trent Schwartz, Executive Director Investor Relations for Hillenbrand.
Thank you. You may begin.
Thank you, operator, and good morning, everyone. Welcome to Hillenbrand's fiscal third quarter conference call. With me today is our President and CEO, Kim Ryan; and our Interim CFO, Megan Walke. I'd like to direct your attention to the supplemental presentation posted on our IR website that will be referenced on today's call.
Please note that our comments may contain certain forward-looking statements that are subject to the safe harbor provisions of the securities laws. These statements are not guarantees of future performance, and our actual results could differ materially. Also, during the course of this call, we will be discussing certain non-GAAP operating
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