Hillenbrand Inc (HI)HI

Hillenbrand Inc. Comprehensive Overview

Company Profile:

History: Hillenbrand Inc. was founded in 1908 as Batesville Casket Company. Over the years, the company diversified its portfolio, acquiring businesses in the process industries and healthcare sectors. In 2016, Hillenbrand spun off its Batesville casket business and changed its name to Hillenbrand. Today, the company focuses on two core businesses:

• Process Industries: providing equipment and technologies for processing materials in industries like food, minerals, and recycling.
• Healthcare: developing and manufacturing medical equipment, including hospital beds, stretchers, and surgical tables.

Leadership:

• President and Chief Executive Officer: Kim Ryan
• Executive Vice President and Chief Financial Officer: Scott Rohr
• President, Process Industries: Joe Raver
• President, Advanced Surgical Products: David Caouette

Corporate Structure: Hillenbrand operates in two segments: Process Industries and Advanced Surgical Products. Each segment has its own president and management team. The company's headquarters are located in Batesville, Indiana.

Top Products and Market Share:

Process Industries:

• Top Products: Vibratory equipment, pelletizers, pulverizers, crushing equipment, and screens.
• Market Share: Hillenbrand is a leading provider of equipment for the food, minerals, and recycling industries. The company's market share varies by product and market, but it is generally estimated to be in the range of 10% to 20%.
• Competitors: FLSmidth, Metso Outotec, and Weir Group.

Advanced Surgical Products:

• Top Products: Hospital beds, stretchers, surgical tables, and patient handling equipment.
• Market Share: Hillenbrand is a leading provider of surgical tables and other patient handling equipment. The company's market share is estimated to be around 15%.
• Competitors: Stryker, Getinge, and Steris.

Total Addressable Market:

Process Industries: The global market for process equipment is estimated to be worth around $250 billion. This market is expected to grow at a rate of 5% to 7% per year in the coming years.

Advanced Surgical Products: The global market for surgical equipment is estimated to be worth around $60 billion. This market is expected to grow at a rate of 3% to 5% per year in the coming years.

Financial Performance:

Recent Financial Statements (2022):

• Revenue: $2.18 billion
• Net Income: $143.6 million
• Profit Margin: 6.6%
• Earnings per Share (EPS): $3.48

Year-over-Year Comparison:

• Revenue grew by 6.1% from 2021.
• Net Income grew by 15.6% from 2021.
• Profit Margin increased by 0.5% from 2021.
• EPS grew by 15.5% from 2021.

Cash Flow and Balance Sheet:

• Hillenbrand has a strong balance sheet with a low debt-to-equity ratio and a healthy cash flow.
• The company has generated consistent positive free cash flow in recent years.

Dividends and Shareholder Returns:

Dividend History: Hillenbrand has a history of paying dividends for over 20 years. The company has increased its dividend payout each year for the past ten years. The current dividend yield is 1.9%.

Shareholder Returns: Over the past five years, Hillenbrand's stock has returned 45%, outperforming the S&P 500 index. Over the past ten years, the company's stock has returned 140%.

Growth Trajectory:

Historical Growth: Hillenbrand has grown revenue and earnings per share at a compound annual growth rate (CAGR) of 5% and 7%, respectively, over the past ten years.

Future Growth Projections: The company expects to continue growing at a mid-single-digit rate in the coming years. This growth will be driven by increasing demand