- Fourth quarter constant currency revenue growth of 12.9 percent - Full year revenue growth of 11.1 percent (9.0 percent, constant currency) and improving profitability reflects success of strategic initiatives - Management reaffirms annual financial guidance for fiscal year 2009
BATESVILLE, Ind., Nov. 10 /PRNewswire-FirstCall/ -- Hill-Rom Holdings, Inc. (NYSE: HRC), announced unaudited financial results for its fiscal fourth quarter ended September 30, 2008 -- the second quarter of operations following the separation of its former Batesville Casket unit. Results included revenue of $424.3 million, a $52.3 million or 14.1 percent increase from $372.0 million in the prior year comparable period. On a constant currency basis, revenue increased 12.9 percent. Net income from continuing operations was $23.8 million, or $0.38 per fully diluted share -- a decline of 2.6 percent. This amount reflects fourth quarter special charges of $20.5 million (pre-tax), or $0.20 per share, related to previously announced streamlining initiatives and efforts to restore growth and improve profitability of our medical equipment management services ("MEMS") business. Adjusted earnings per fully diluted share from continuing operations were $0.58, an increase of 52.6 percent from the prior year.
For full-year fiscal 2008, revenues and earnings per fully diluted
share from continuing operations were $1,507.7 million and $1.07,
respectively, compared to $1,356.5 million and $1.13 for full-year fiscal
2007. The company's 11.1 percent revenue increase reflects balanced growth
of both capital sales and rental revenue. On an as adjusted basis, fully
diluted earnings per share from continuing operations for the full 2008
fiscal year were $1.40 compa
|SOURCE Hill-Rom Holdings, Inc.|
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