Hill-Rom, Inc. Reports Fiscal Fourth Quarter And Full Year Results; Announces 2013 Financial Outlook
Published: Oct 25, 2012
Hill-Rom Holdings, Inc. (NYSE: HRC) announced financial results for its fiscal fourth quarter ended September 30, 2012 and provided its initial outlook for 2013. Adjusted earnings per diluted share decreased 22 percent to $0.56 from $0.72 due to lower gross margin, driven by adverse product mix, and increased investment in research and development. Reported earnings per diluted share also decreased to $0.63 from $1.01 in the prior year. Adjustments relate to business restructuring, gains associated with a vendor product recall, costs associated with recent acquisitions, litigation items and non-recurring tax matters. See detail in schedule provided.