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

pansion in all of Hill-Rom's major business units.  

Hill-Rom's total revenue of $355.3 million increased 1.1 percent compared to the first quarter of last year. On a constant currency basis, revenue decreased 1.7 percent.  Domestic sales declined 3.6 percent to $244.7 million, while international sales increased 13.1 percent to $110.6 million.  Excluding the impact of foreign currency, Hill-Rom's international sales increased 3.3 percent.

Management Comments

"I am pleased with the operating improvements that we delivered during the first quarter," stated John J. Greisch, president and CEO of Hill-Rom.  "We have seen demand levels stabilize over the past several quarters, and despite a challenging macro-economic environment, we achieved solid earnings improvement through margin expansion across all of our major business units.  Our improved margins have enabled us to increase investments in new product development and sales channels, while accelerating earnings."  

Other first quarter revenue highlights regarding Hill-Rom business segments include:

  • North America Acute Care.  North America Acute Care revenue declined $5.6 million, or 2.8 percent, to $197.9 million versus the prior year.  Capital sales decreased 7.2 percent, or $10.1 million, due to the prior year divestiture of certain non-strategic information technology product lines and the impact of lower hospital capital purchasing.  Rental revenue increased $4.5 million, or 7.1 percent, driven by growth of therapy rental products and the impact of H1N1-related influenza.


    SOURCE Hill-Rom Holdings, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

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