Hill-Rom Holdings Q1 EPS increased 39% to $0.68Staff 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 Constant currency revenue growth was 3 percent
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." ■