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Hill-Rom Reports Fiscal Third Quarter Results; Updates 2011 Financial Outlook
Date:7/27/2011

linical functionality for both intensive care unit and general care settings with a design that is aesthetically pleasing, easy to install and easy to maintain.

Please see the attached schedules for additional information, including condensed financial information, summary balance sheet, cash flow statement and segment sales summaries.  

For a more complete review of Hill-Rom's results, please refer to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, which will be filed later this week.

Financial Guidance Summary for 2011The Company updated 2011 financial guidance as follows:  Hill-Rom now expects full-year constant currency revenue growth of approximately 7 percent, compared to the Company's previous guidance of 7 to 8 percent.  This excludes a currency benefit of approximately 1 percent for the full year if exchange rates hold near recent levels.  The Company is updating adjusted earnings guidance to $2.26 to $2.30 per diluted share, compared to the Company's previous guidance of $2.26 to $2.32.  Guidance regarding cash flow from operations for the full year, excluding special items, remains unchanged at $230 to $240 million.

Hill-Rom Holdings, Inc. routinely provides earnings per share results and guidance on an adjusted basis because the Company's management believes that the presentation provides useful information to investors.  These measures exclude strategic developments, special charges and the impact of significant litigation or other unusual events. Such items may be highly variable, difficult to predict and of a size that sometimes have substantial impact on the Company's reported operations for a period. Often, prospective quantification of such items is not feasible.  Management uses these measures internally for planning, forecasting and evaluating the performance of the business. Investors should consider non-GAAP measures in addition to, not as a substitute f
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SOURCE Hill-Rom Holdings, Inc.
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