Hillenbrand profit slumps on domestic struggles

Hillenbrand Industries Inc. reported today that profit in its fiscal fourth quarter fell on an adjusted basis to 82 cents per share from $1.12 per share a year earlier.

The setback in the period ended Sept. 30 resulted from troubles in its Acute Care and Batesville Casket businesses in North America as well as investments in a strategic plan, the Batesville-based maker of hospital beds and caskets said.

Profit from continuing operations fell 29.4 percent, to $48.1 million.

For the fiscal year, earnings per share fell to $3.07 from $3.60 the prior year.

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