Brief: Hillenbrand Announcing Cost Savings And Restructuring Program In Molding Technology Solutions Segment
05/02/2024 23:14
Feb 5 (Reuters) - Hillenbrand Inc HI.N :
* HILLENBRAND INC: ANNOUNCING COST SAVINGS AND RESTRUCTURING
PROGRAM IN MOLDING TECHNOLOGY SOLUTIONS SEGMENT
* HILLENBRAND INC: MAINTAINING FY24 ADJUSTED EPS OF $3.60 -
$3.95;
Q2 ADJUSTED EPS OF $0.71 TO $0.76
* HILLENBRAND: RESTRUCTURING PROGRAM EXPECTED TO GENERATE
ANNUAL
RUN-RATE SAVINGS OF $15 MILLION, WITH APPROXIMATELY 50% REALIZED
WITHIN FISCAL YEAR 2024
* HILLENBRAND INC: QTRLY REVENUE OF $773 MILLION INCREASED
18%
COMPARED TO PRIOR YEAR
Source text for Eikon: ID:nPn131Bb5a
Further company coverage: HI.N
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