Consistent with its current capital allocation priorities, Hillenbrand intends to use cash proceeds from the sale primarily for de-leveraging activities.
The sale follows Hillenbrand’s previously announced strategic review of alternatives for this business, which was part of the 2019 acquisition of Milacron Holdings Corp.
UPDATE: April 29, 2020 - Unfortunately, this event has been cancelled for 2020. The organizers made the decision to cancel the event out of an abundance of caution for the health and well-being of organizers and attendees. Event would have been the 3rd Star-Spangled Indianapolis Symphony performance in the three-year partnership between Hillenbrand, City of Batesville, Batesville Area Arts Council, and the ISO
The board of directors of Hillenbrand, Inc. (NYSE: HI) has declared a regular quarterly cash dividend of $0.2125 per share on the company's common stock.
Hillenbrand completed the acquisition of Milacron on November 21, 2019. Total company results for the fiscal first quarter 2020 include 41 days attributable to the acquisition of Milacron, while the prior period comparison does not.
Hillenbrand will hold a conference call and simultaneous webcast Thursday, February 6, 2020
President and Chief Executive Officer Joe Raver will be presenting at the CJS Securities 20th Annual "New Ideas for the New Year" Investor Conference