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Hill-Rom sees better earnings, revenue in quarter

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Hill-Rom Holdings Inc. posted better-than-expected earnings and revenue in its fiscal fourth quarter, the Batesville-based hospital-bed supplier announced Wednesday.

For the quarter ended Sept. 30, Hill-Rom had earnings of $63.5 million, or $1.01 a share, up 25 percent from the $50.7 million, or 79 cents a share, it earned a year earlier. Revenue increased nearly 9 percent, to $430.6 million.

Excluding special charges for tax benefits and legal settlement costs, the company’s per-share earnings rose to 72 cents in the quarter from 67 cents a year ago.

Analysts surveyed by Thomson Reuters expected earnings of 70 cents a share on revenue of $420 million.

Revenue from Hill-Rom's North America acute care segment rose 15 percent, to $273 million. International sales fell 2 percent, to $105 million.

Hill-Rom shares closed Wednesday at $33.39 each before the results were posted. The stock is down 15 percent since the beginning of the year.

 

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  • its a false front though
    Hill Romn also laid off numerous employees who had many years of service in there, some over 20 years. They bring in the newer people at much less of a cost. So that is false profitability showing there too. Shame on Hill Rom!!

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