Hillenbrand Announces Fiscal 4rth Quarter and Full Year 2021 Results.

BATESVILLE, Ind: Fiscal Fourth Quarter 2021 Highlights:

Revenue of $755 million increased 9% compared to prior year or 12% on a pro forma basis

GAAP EPS of $0.74 compares to a loss of $0.09 in the prior year; adjusted EPS of $1.00 increased 9%

Total backlog of $1.72 billion increased 43% compared to prior year on a pro forma basis

Fiscal Year 2021 Highlights:

Record revenue of $2.9 billion increased 14% year over year; record pro forma revenue of $2.8 billion increased 13%

GAAP EPS of $3.31 compares to a loss of $0.82 in the prior year; adjusted EPS of $3.79 increased 19%

Record order intake for the Advanced Process Solutions and Molding Technology Solutions segments of $2.7 billion, up 28% over prior year on a pro forma basis

Record cash flow from operations of $528 million increased $174 million compared to the prior year

Total year-over-year synergies realized from the Milacron integration of ~$30 million exceeded fiscal year 2021 target of $20-25 million

Returned $185 million in cash to shareholders through share repurchases and quarterly dividends

Completed portfolio simplification through announced divestitures of Red Valve and ABEL during fiscal year 2021 and TerraSource Global in October 2021

Fiscal 2022 guidance: Full Year adjusted EPS of $3.70 - $4.00; Q1 adjusted EPS of $0.87 - $0.94

Hillenbrand, Inc. (NYSE: HI) reported results for the fourth quarter and full fiscal year, which ended September 30, 2021.

"Fiscal 2021 was a great year for Hillenbrand, as we achieved record levels for order intake, revenue, earnings, and cash flow," said Joe Raver, President and Chief Executive Officer of Hillenbrand. "I am proud of the resiliency and dedication of our associates, as they executed at a high level throughout the year in the face of significant inflation, global supply chain disruptions, labor market shortages, and the continued impact from COVID-19. In addition to our strong operating results, we streamlined our portfolio through the divestitures of Red Valve, ABEL, and, in October, TerraSource Global. We exceeded our integration synergy targets for the year and remain on track to deliver our year-three run-rate synergy goal of $75 million. With a healthy balance sheet and strong backlog, I believe Hillenbrand is well positioned for growth in fiscal 2022 and beyond."

As I will be retiring at the end of 2021, I wanted to take the opportunity to thank our over 10,000 employees around the world, our leadership team, and the Board of Directors for their support and partnership over my past eight years as CEO, as well as our customers, suppliers, and shareholders. It...