IBJNews

Hill-Rom's fourth quarter profit exceeds expectations

Back to TopCommentsE-mailPrintBookmark and Share

Hill-Rom Holdings Inc. topped analysts’ expectations as profit grew by double digits in its fourth quarter, the company announced late Wednesday.

The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended Sept. 30.

The numbers excluded acquisition-related charges and marked an 11-percent increase from the same quarter a year earlier, when Hill-Rom earned $23.8 million, or 38 cents a share.

Analysts expected earnings of 28 cents per share. Revenue for the quarter fell 14.4 percent, to $363.3 million, compared with the same period last year.

Lower costs for commodities and other items offset the revenue decline, the company said. Hill-Rom also has been cutting costs, including moving manufacturing to low-cost regions, and diversifying its business.

“The global recession, uncertainty related to health care reform in the U.S. and health care spending pressures in other major countries continue to influence purchasing decisions of customers,” Hill-Rom President and CEO Peter H. Soderberg said in a prepared statement. “Accordingly, we have remained conservative regarding the speed of recovery.”

For its entire fiscal year, Hill-Rom reported a loss of $405 million, or $6.47 cents per share, compared with a profit of $67.1 million, or $1.07 per share, in fiscal 2008.

Revenue for the fiscal year fell 9 percent, to $1.3 billion.

Hill-Rom expects 2010 profit in the range of $124 million to $142 million, on revenue of $1.4 billion to $1.5 billion, translating to earnings per share of between $1.20 and $1.36.

“Our outlook for 2010 contemplates low single-digit market growth, as well as some continued improvement in market share as new product introductions across the portfolio take hold,” Soderberg said.

Shares of Hill-Rom were up 7 percent, to $23.12, in Thursday morning trading.


 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

ADVERTISEMENT