Hill-Rom Reports Third Quarter Revenue Growth of 11.7 Percent to $366.8 Million and Earnings Per Fully Diluted Share From Continuing Operations of $0.34, an Increase of 89 Percent From the ...( - Balanced revenue growth of ...),Health

- Balanced revenue growth of 9.3 percent (constant currency)

- Execution of strategic imperatives yielding anticipated results

- Management updates annual financial guidance based on year-to-date

performance and operational momentum

BATESVILLE, Ind., Aug. 6 /PRNewswire-FirstCall/ -- Hill-Rom Holdings, Inc. (NYSE: HRC), announced unaudited financial results for its fiscal third quarter ended June 30, 2008 -- the first quarter of operations following the separation of its former Batesville Casket unit. Results included revenue of $366.8 million, a $38.3 million or 11.7 percent increase from $328.5 million in the prior year comparable period. On a constant currency basis, revenue increased 9.3 percent. Consolidated net income from continuing operations was $21.5 million, or $0.34 per fully diluted share -- an increase of 89 percent. Net income includes $0.12 per fully diluted share of discrete tax items resolved in the quarter.

On March 31, 2008, Hill-Rom completed the spin-off of the funeral services business operating under the Batesville Casket name. Accordingly, the results of operations of the funeral services business, including certain separation costs and other income and expenses assigned to the funeral services business, have been presented as discontinued operations for all periods presented in the Condensed Consolidated Statements of Income.

Management Comments

Peter H. Soderberg, president and CEO of Hill-Rom, commented, "Our performance this quarter was gratifying because it continues the trend of strong revenue growth we've seen over the last several quarters. Our investments in research and development, enhanced sales channels, and manufacturing efficiency are
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