BATESVILLE, Ind., Oct. 26, 2011 /PRNewswire/ -- Hill-Rom Holdings, Inc. (NYSE: HRC), announced financial results for its fiscal fourth quarter ended September 30, 2011 and provided its outlook for 2012. Adjusted earnings per diluted share increased 7 percent during the period, to $0.72 from $0.67. Reported earnings per diluted share in the fourth quarter increased to $1.01, compared to $0.79 in the same period in the prior year, and net income increased to $64 million from $51 million over the same period. Reported net income includes a net after-tax gain of $18 million, primarily related to previously unrecognized tax benefits associated with international operating loss carryforwards, partially offset by legal settlement costs.
Hill-Rom's quarterly revenue of $431 million increased 9 percent on a reported basis and 7 percent on a constant currency basis compared to last year. Domestic revenue increased 12 percent to $309 million, while revenue outside the United States increased 2 percent to $122 million in the same period. Excluding the impact of foreign currency, Hill-Rom's revenue outside the United States declined 4 percent.
For the full year, revenue was $1,592 million compared to $1,470 million for the prior year, an increase of 8 percent on a reported basis and 7 percent on a constant currency basis. Adjusted earnings per diluted share for fiscal 2011 were $2.27 compared to $1.76 in 2010, an increase of 29 percent. Reported earnings per diluted share for the full year were $2.09 compared to $1.97 for the prior year, an increase of 6 percent.
Management Comments"We completed the year with strong revenue performance in the fourth quarter as continued growth in our North America Acute Care business more than offset weaker international results," stated John J. Greisch, President & CEO. "This quarter co
|SOURCE Hill-Rom Holdings, Inc.|
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