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Hill-Rom Holdings Q1 EPS increased 39% to $0.68

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Staff writer ▼ | February 2, 2016
Hill-Rom Holdings announced financial results for its first quarter ended December 31, 2015. Domestic revenue was $443 million, up 56 percent.
Hill-Rom Holdings
Hill-Rom Holdings   Constant currency revenue growth was 3 percent
Adjusted earnings per diluted share of $0.68 represent an increase of 39 percent from $0.49 in the prior year, while reported earnings per diluted share decreased 67 percent from $0.21 to $0.07.

Hill-Rom's quarterly revenue of $661 million increased 42 percent compared to last year, or 47 percent on a constant currency basis, primarily due to the Welch Allyn acquisition and strong growth in North America.

Excluding Welch Allyn, constant currency revenue growth was 3 percent. Domestic revenue was $443 million, up 56 percent, while revenue outside the United States of $218 million increased 34 percent on a constant currency basis.

"We are pleased to report another quarter of strong revenue and adjusted earnings growth and an improved full year outlook," said John J. Greisch, Hill-Rom's president and CEO.

"We demonstrated solid execution of our plan to drive significant margin expansion, delivering a 430 basis point increase in adjusted operating margin this quarter. Our revenue performance in North America and Welch Allyn were ahead of our expectations, more than offsetting the challenges we continue to face in our international business."