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Hillenbrand Expects to Report Second-Quarter Net Revenue of $170.8 Million and Revises 2009 Guidance
Date:4/9/2009

- Decreased industry-wide demand drove reduced Q2 revenues, which results in 6 percent lower full-year revenue guidance.

- Cost reductions, including lower litigation expenses, yield a 2 percent increase in diluted earnings per share compared to previous guidance.

BATESVILLE, Ind., April 9 /PRNewswire-FirstCall/ -- Hillenbrand, Inc. (NYSE: HI) is revising its 2009 guidance, based on lower-than-expected revenue of $170.8 million during its second fiscal quarter. For the full 2009 fiscal year, the company expects revenues to range from $650 million to $670 million, a reduction of approximately 6 percent from previous revenue guidance. In addition, GAAP diluted earnings per share have been adjusted upward to a range of $1.57 to $1.70, reflecting an increase of approximately 2 percent from prior guidance.

"Our business is dependent on the seasonal effects on burials, and the decline we've seen is consistent with public reports from our customers and competitors," said Kenneth A. Camp, president and chief executive officer of Hillenbrand, Inc. "We will manage successfully through this downturn and are taking decisive actions to ensure our long-term market presence and to manage costs without decreasing service to our customers or reducing future growth investments."

Lower revenues in the second quarter are the result of an industry-wide decrease in demand for caskets. The largest driver of decreased demand is the very mild pneumonia and influenza season, especially compared to the prior year when the flu surpassed epidemic levels throughout much of the country. The company believes it has experienced an increased level of competition during the second fiscal quarter as competitors are similarly affected by the reduced demand.

Two other key factors are expected to have a positive effect on
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SOURCE Hillenbrand, Inc.
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