Hill-Rom Reports Second Quarter Financi...( - Revenue of $337 million declined 10...),Health

- Revenue of $337 million declined 10.1 percent versus prior year primarily due to economic impact on U.S. hospital capital spending and foreign exchange

- Adjusted earnings per fully diluted share from continuing operations was $0.27 versus $0.26 in prior year, an increase of 3.8 percent

- GAAP loss per fully diluted share from continuing operations of $7.44 resulted from estimated $470 million non-cash intangible impairment charge related to market value decline

- Adjusted operating expenses exclusive of Liko declined $19.8 million (14.2 percent) on initiatives to reduce cost structure

- Liko performance and integration progressing as expected

- Cash flow and liquidity improved versus prior year and sequentially

- Management updates adjusted annual financial guidance for fiscal year 2009 to $0.85 to $1.15 per fully diluted share

BATESVILLE, Ind., May 4 /PRNewswire-FirstCall/ -- Hill-Rom Holdings, Inc. (NYSE: HRC), announced unaudited financial results for its fiscal second quarter ended March 31, 2009. Revenue was $337.3 million, a 10.1 percent decrease from $375.2 million in the prior year comparable period. On a constant currency basis, revenue decreased 5.7 percent. Organic revenue (excludes currency impact and Liko revenue of $18.0 million) decreased 10.5 percent. Hill-Rom incurred a net loss from continuing operations of $465.8 million, or $7.44 per fully diluted share, on an impairment of goodwill and other intangibles of $470 million. Adjusted earnings per fully diluted share from continuing operations were $0.27, an increase of 3.8 percent from the prior year. Adjustments in the current period include the impairment of intangibles, effects of severance and related expenses associated with job eliminations and other actions announced in
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