Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.21.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]        
Net revenue $ 722.3 $ 648.9 $ 1,414.8 $ 1,215.8
Cost of goods sold 476.4 455.2 924.7 850.3
Gross profit 245.9 193.7 490.1 365.5
Operating expenses 138.0 136.0 269.6 293.4
Amortization expense 14.1 24.0 27.7 38.8
Gain (Loss) on Disposition of Business (34.1) 3.0 (65.7) 3.0
Impairment charges 0.0 82.5 0.0 82.5
Interest expense 19.5 20.9 40.7 35.6
Other income, net 1.0 2.3 0.6 4.2
Income (loss) before income taxes 109.4 (70.4) 218.4 (83.6)
Income tax expense (benefit) 30.4 1.8 61.7 (10.6)
Consolidated net income (loss) 79.0 (72.2) 156.7 (73.0)
Less: Net income attributable to noncontrolling interests 0.9 1.8 2.2 4.1
Net income (loss) $ 78.1 $ (74.0) $ 154.5 $ (77.1)
Net income (loss) attributable to Hillenbrand — per share of common stock:        
Basic earnings (loss) per share $ 1.04 $ (0.99) $ 2.05 $ (1.07)
Diluted earnings (loss) per share $ 1.03 $ (0.99) $ 2.04 $ (1.07)
Weighted average shares outstanding (basic) 75.5 75.1 75.4 71.7
Weighted average shares outstanding (diluted) 76.2 75.1 75.8 71.7