"Decisions by the Hillenbrand board to pay our first dividend as a new public company and authorize a $100 million share repurchase program demonstrate our commitment to using the company's strong cash flow to create and increase shareholder value," said Camp.
Outlook for Fiscal Year 2008
The company is reaffirming its revenue guidance for fiscal year 2008 of
$668 to $686 million and increasing its guidance for GAAP net income from a
range of $80 to $93 million to a range of $86 to $98 million as a result of
lower-than-anticipated antitrust litigation and separation costs. On an
adjusted basis, our guidance remains unchanged at earnings per share of
$1.64 to $1.79.
Hillenbrand, Inc.
(Amounts in millions, except per share data)
Fiscal year ending September 30
FY 08 Range
FY 07 Low High
Net revenues $667 $668 $686
Income before taxes $157 $140 $159
Tax rate 36.6% 38.6% 38.1%
Net income $100 $86 $98
Diluted shares outstanding 63 63 63
Diluted net income per share $1.59 $1.36 $1.56
Excluding certain non-operating costs
(anti-trust litigation and separation*)
Net income $103 $113
Diluted net income per share $1.64 $1.79
*Non-GAAP Financial Disclosures and Reconciliations for Third Quarter Whil
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