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Hill-Rom Reports Fiscal Fourth Quarter and Full-Year Results; Announces Fiscal 2014 Financial Outlook
Date:10/23/2013

BATESVILLE, Ind., Oct. 23, 2013 /PRNewswire/ -- Hill-Rom Holdings, Inc. (NYSE: HRC) announced financial results for its fiscal fourth quarter ended September 30, 2013 and provided its 2014 financial outlook.  Adjusted earnings per diluted share of $0.65 exceeded the Company's guidance and increased 16 percent from $0.56 in the prior year.  Reported earnings per diluted share decreased to $0.59 from $0.63 in the prior year.
Adjustments to reported earnings and EBITDA are detailed in the reconciliation schedules provided.

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Hill-Rom's quarterly revenue was $438 million, a 1 percent increase compared to last year on both a reported and constant currency basis.  Excluding the impact of Aspen, revenue was essentially flat compared to the prior period.  Domestic revenue was $289 million, up 1 percent, while revenue outside the United States increased 2 percent to $149 million. 

For the full year, revenue was $1,716 million compared to $1,634 million for the prior year, an increase of 5 percent on both a reported and constant currency basis.  Adjusted earnings per diluted share for fiscal 2013 were $2.09 compared to $2.24 in 2012, a decrease of 7 percent.  Reported earnings per diluted share for the full year were $1.74 compared to $1.94 for the prior year. 

Management Comments"We are pleased to end our fiscal year with strong results.  Delivering adjusted earnings ahead of our guidance for the quarter and another strong year of operating cash flow reflects our disciplined focus on operational improvement and effective cash management," stated John Greisch, President and CEO.  "Although pleased with our strong fourth quarter results, we continue to see uneven capital order t
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SOURCE Hill-Rom Holdings, Inc.
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