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Hill-Rom Reports Double Digit Earnings Per Share Growth for First Quarter
Date:2/3/2010

BATESVILLE, Ind., Feb. 3 /PRNewswire-FirstCall/ --

  • Revenue of $355 million grew 1.1 percent versus prior year

  • Reported diluted earnings per share were $0.31 compared to adjusted earnings per share of $0.25 and reported earnings per share of $0.23 in the prior year

  • Gross margin improved 470 basis points versus the prior year

  • Company updates annual guidance for fiscal year 2010:  Reaffirms revenue of $1.45 to $1.50 billion and updates earnings to $1.24 to $1.36 per diluted share, excluding special items

Hill-Rom Holdings, Inc. (NYSE: HRC), announced solid financial results for its fiscal first quarter ended December 31, 2009, and updated its outlook for the full year.   Net income grew 39 percent to $19.8 million from $14.2 million in the prior year.  Earnings per diluted share of $0.31 increased 35 percent from $0.23 per diluted share in the same period of the prior year.  On an adjusted basis, earnings per diluted share of $0.31 increased 24 percent from $0.25 in the prior year.  The improved financial performance was the result of continued gross margin ex
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SOURCE Hill-Rom Holdings, Inc.
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