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Hillenbrand Announces Fiscal Third Quarter 2021 Results - Press Release

Hillenbrand Announces Fiscal Third Quarter 2021 Results - Press Release
wiredprnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiredprnews.com Daily Mail and Mail on Sunday newspapers.

United States , Joe Raver , Exchange Commission , Hillenbrand The Company , Securities Exchange , Hillenbrand Inc , Molding Technology Solutions , Chief Executive Officer , Advanced Process Solutions , Red Valve , Process Solutions , Technology Solutions , Cash Flow , Global Intangible Low Taxed Income , Foreign Derived Intangible Income Deduction , Base Erosion , Anti Abuse Tax , Regulations K , Consolidated Statements , Cash Flows , Months Ended June , Securities Act , Securities Exchange Act , Private Securities Litigation Reform Act , Milacron Injection Molding , ஒன்றுபட்டது மாநிலங்களில் ,

Hillenbrand Announces Fiscal Third Quarter 2021 Results

Hillenbrand Announces Fiscal Third Quarter 2021 Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , Joe Raver , Exchange Commission , Hillenbrand The Company , Securities Exchange , Hillenbrand Inc , Molding Technology Solutions , Chief Executive Officer , Advanced Process Solutions , Red Valve , Process Solutions , Technology Solutions , Cash Flow , Global Intangible Low Taxed Income , Foreign Derived Intangible Income Deduction , Base Erosion , Anti Abuse Tax , Regulations K , Consolidated Statements , Cash Flows , Months Ended June , Securities Act , Securities Exchange Act , Private Securities Litigation Reform Act , Milacron Injection Molding , ஒன்றுபட்டது மாநிலங்களில் ,

Hillenbrand Announces Fiscal Second Quarter 2021 Results


Hillenbrand Announces Fiscal Second Quarter 2021 Results
Fiscal Second Quarter 2021 Highlights:
- Revenue of $722 million increased 11% year over year driven by strong growth within Molding Technology Solutions and COVID-19 related demand at Batesville; pro forma revenue increased 18%
- GAAP EPS of $1.03 compares to a loss of $0.99 in the prior year; adjusted EPS of $0.98 increased 40% primarily driven by growth at Molding Technology Solutions and Batesville
- Backlog increased 30% year over year to a record $1.52 billion led by increased injection molding demand at Molding Technology Solutions and large plastics projects at Advanced Process Solutions; total backlog increased 12% sequentially
- Cash flow from operations of $193 million increased from $28 million in the prior year driven by working capital improvements; net leverage decreased to 1.7x, down 0.6x sequentially ....

United States , Joe Raver , Exchange Commission , Prnewswire Hillenbrand Inc , Hillenbrand The Company , Securities Exchange , Hillenbrand Inc , Molding Technology Solutions , Chief Executive Officer , Red Valve , Advanced Process Solutions , Process Solutions , Technology Solutions , Cash Flow , Global Intangible Low Taxed Income , Foreign Derived Intangible Income Deduction , Base Erosion , Anti Abuse Tax , Regulations K , Consolidated Statements , Months Ended March , Securities Act , Securities Exchange Act , Private Securities Litigation Reform Act , Milacron Injection Molding , ஒன்றுபட்டது மாநிலங்களில் ,

Hillenbrand Completes Sale of ABEL Pumps to IDEX Corporation


Hillenbrand Completes Sale of ABEL Pumps to IDEX Corporation
- ABEL divestiture further streamlines portfolio and completes exit of flow control businesses
- Enables greater focus on platform businesses and growth opportunities
- Proceeds to be used to reduce leverage and reinvest in the business
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BATESVILLE, Ind., March 11, 2021 /PRNewswire/  Hillenbrand, Inc. (NYSE: HI) announced today that it has completed the sale of Abel Pumps, L.P., and certain of its affiliates (ABEL) to IDEX Corporation (NYSE: IEX). The sale closed in accordance with the terms of the Share and Interest Purchase and Transfer Agreement with IDEX that was announced on January 11, 2021, resulting in cash proceeds to Hillenbrand of approximately $103.5 million. ....

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Hillenbrand Announces Definitive Agreement to Sell ABEL Pumps to IDEX Corporation


Press release content from PR Newswire. The AP news staff was not involved in its creation.
Hillenbrand Announces Definitive Agreement to Sell ABEL Pumps to IDEX Corporation
January 11, 2021 GMT
Hillenbrand - a global diversified industrial company. (PRNewsfoto/Hillenbrand, Inc.)
BATESVILLE, Ind., Jan. 11, 2021 /PRNewswire/ Hillenbrand, Inc. (NYSE: HI) announced today that it has reached a definitive agreement to sell Abel Pumps, L.P., and certain of its affiliates (ABEL) to IDEX Corporation (NYSE: IEX). The sale follows Hillenbrand’s previously announced intent to exit the ABEL business.
Hillenbrand has entered into a Share and Interest Purchase and Transfer Agreement with IDEX, pursuant to which IDEX has agreed to acquire ABEL for $103.5 million in cash, subject to customary post-closing adjustments. The transaction is expected to be completed in Hillenbrand’s second fiscal quarter, subject to customary closing conditions. ....

United States , Joe Raver , Exchange Commission , Prnewswire Hillenbrand Inc , Hillenbrand The Company , Securities Exchange , Hillenbrand Inc , Abel Pumps , Interest Purchase , Transfer Agreement , Red Valve , Milacron Injection Molding , Securities Act , Securities Exchange Act , Private Securities Litigation Reform Act , Corporate News , Government Regulations , Pr Newswire , Coronavirus Pandemic , Ownership Changes , Lung Disease , Diseases And Conditions , Government And Politics , Infectious Diseases , Asset Sales , Contracts And Orders ,