Hillenbrand (NYSE:HI) has seen a remarkable surge of over 2% in after-hours trading subsequent to its Q4 earnings report. The company boasted an EPS of $1.13, outperforming the consensus estimate of $1.07. This impressive growth was underpinned by a substantial 26% year-over-year increase in revenue, reaching $762.8 million, surpassing the anticipated $727.11 million. Notably, strategic acquisitions, including the Schenck Process Food and Performance Materials acquisition, contributed $43 million to this revenue surge.
However, projections for Q1/24 are a bit more conservative, with an expected EPS range of $0.66-$0.71 compared to the consensus of $0.81. Looking ahead for the full year, Hillenbrand anticipates an EPS range of $3.60-$3.95, slightly below the consensus of $3.87, while projecting revenue between $3.28 billion and $3.44 billion, compared to the expected $3.18 billion. Despite the tempered forecasts, Hillenbrand’s positive Q4 performance has undoubtedly spurred investor enthusiasm, leading to this notable post-earnings uptick.