Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.23.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]        
Net revenue $ 690.9 $ 565.7 $ 1,346.6 $ 1,131.6
Cost of goods sold 461.6 377.0 906.4 761.1
Gross profit 229.3 188.7 440.2 370.5
Operating expenses 144.6 113.5 286.9 225.5
Amortization expense 19.8 13.7 38.9 27.4
Loss on divestiture 0.0 0.0 0.0 3.1
Interest expense 21.1 17.3 44.4 35.2
Other income, net (4.4) (6.4) (7.3) (6.8)
Income from continuing operations before income taxes 48.2 50.6 77.3 86.1
Income tax expense 24.1 21.2 26.4 34.5
Income from continuing operations 24.1 29.4 50.9 51.6
Supplemental Income Statement Elements [Abstract]        
(Loss) income from discontinued operations (net of income tax (benefit) expense) (1.5) 26.4 19.5 54.3
Gain on divestiture of discontinued operations (net of $145.1 income tax expense) 440.9 0.0 440.9 0.0
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax 439.4 26.4 460.4 54.3
Consolidated net income 463.5 55.8 511.3 105.9
Less: Net income attributable to noncontrolling interests 0.8 1.5 3.1 2.6
Net income attributable to Hillenbrand $ 462.7 $ 54.3 $ 508.2 $ 103.3
Basic earnings per share        
Income from continuing operations attributable to Hillenbrand (in dollars per share) $ 0.33 $ 0.38 $ 0.69 $ 0.67
Income from discontinued operations (in dollars per share) 6.31 0.36 6.62 0.75
Net income attributable to Hillenbrand 6.64 0.74 7.31 1.42
Diluted earnings per share        
Income from continuing operations attributable to Hillenbrand (in dollars per share) 0.33 0.38 0.68 0.66
Income from discontinued operations (in dollars per share) 6.27 0.36 6.59 0.74
Diluted earnings per share $ 6.60 $ 0.74 $ 7.27 $ 1.40
Weighted average shares outstanding (basic) 69.7 73.1 69.6 72.9
Weighted average shares outstanding (diluted) 70.1 73.7 69.9 73.5