Hillenbrand, Inc. has recently released its 10-K report, providing a detailed look into its operations for the year ended September 30, 2024. The company operates in two segments: Advanced Process Solutions and Molding Technology Solutions, offering a range of equipment and services to various industries such as plastics, food, pharmaceuticals, automotive, and electronics.
In the Management’s Discussion and Analysis of Financial Condition and Results of Operations section, the company provides insight into its financial performance, reporting in dollars throughout. Hillenbrand uses non-GAAP operating performance measures to provide a more meaningful comparison of its ongoing operating results and to identify operating trends. Adjusted EBITDA is a key non-GAAP measure used to monitor business performance, especially in light of the company's strategy to acquire companies that can benefit from the Hillenbrand Operating Model.
The report also highlights the influence of order backlog on future net revenue, noting that the timing of order placement and customer delivery dates can create fluctuations. Additionally, the company calculates the foreign currency impact on various financial metrics to better measure comparability between periods.
Hillenbrand's report emphasizes the importance of backlog as an operational measure, detailing its calculation methodology and the factors that can impact it, such as customer provisions for cancellation, termination, or suspension.
The company also provides insights into its critical accounting estimates, particularly in the areas of revenue recognition and asset impairment determinations. Notably, Hillenbrand discusses its methodology for testing impairment of goodwill and indefinite-lived intangible assets, including the qualitative and quantitative analyses performed.
Today the company's shares have moved 0.1% to a price of $31.45. If you want to know more, read the company's complete 10-K report here.
