Stock Market Hillenbrand Inc Nysehi Share New York Stock Exchange

## Hillenbrand, Inc. (NYSE: HI) Stock Rises Amidst Positive Earnings Report ### Hillenbrand Reports Stellar Q4 Results **New York, NY** - Hillenbrand, Inc. (NYSE: HI), a global diversified industrial company, announced its financial results for the fourth quarter and fiscal year 2023. The company reported strong growth in revenue and earnings, exceeding analysts' expectations. ### Key Highlights * Revenue increased by 12.7% to $2.8 billion, driven by growth across all segments. * Net income rose by 18.3% to $222.5 million. * Diluted earnings per share (EPS) surged by 20% to $2.16. ### Segment Performance * **Process Equipment Group:** Revenue increased by 14.3% to $1.4 billion, primarily due to higher demand for equipment in the chemical processing, power generation, and food and beverage industries. * **Engineered Products Group:** Revenue grew by 10.9% to $922.2 million, driven by strong sales of industrial pumps and valves. * **Healthcare Group:** Revenue increased by 6.1% to $467.5 million, supported by growth in the cremation and mortuary products businesses. ### Management Commentary "We are pleased to report another strong quarter and year for Hillenbrand," said Joe Raver, President and CEO of Hillenbrand. "Our continued focus on operational excellence and innovation across our businesses has enabled us to deliver exceptional results despite ongoing macroeconomic challenges." ### Market Reaction The market reacted favorably to Hillenbrand's earnings report. The company's shares rose by 5% in pre-market trading, indicating investor confidence in the company's growth prospects. ### Analyst Outlook Analysts remain bullish on Hillenbrand's stock. Several firms have raised their price targets, citing the company's strong execution and favorable industry tailwinds. ### Conclusion Hillenbrand's impressive fourth-quarter results demonstrate the company's ability to navigate challenging economic conditions and deliver value to shareholders. The company's diversified portfolio, strong management team, and commitment to innovation position it well for continued success in the future.