Hillenbrand Reports Fourth Quarter and Fiscal Year 2016 Results and Issues 2017 Guidance

Posted by: Hillenbrand  | Nov 15, 2016

BATESVILLE, Ind.</span>, Nov. 16, 2016 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) reported results today for the fourth quarter and full fiscal year of 2016, ended September 30.

Fourth Quarter Results

<p>Revenue of <span class="xn-money">$429 million</span> in the fourth quarter increased 9% over the prior year driven by large plastics projects and incremental revenue from the ABEL and Red Valve acquisitions. Organic revenue increased 4% to <span class="xn-money">$410 million</span>. Compared to the prior year, fourth quarter net income increased 88% to <span class="xn-money">$36 million</span>, or <span class="xn-money">$0.56</span> per share, while adjusted net income was up 5% to <span class="xn-money">$37 million</span>, or <span class="xn-money">$0.58</span> per share. Adjusted EBITDA increased 1% to <span class="xn-money">$74 million</span>, and adjusted EBITDA margin declined 140 basis points to 17.4% driven by an estimated decrease in North American burials and lower volume in certain Process Equipment Group industrial end markets.</p>

<p><b><span style="text-decoration: underline;">Process Equipment Group</span></b></p>

<p>Process Equipment Group revenue of <span class="xn-money">$284 million</span> in the fourth quarter was 17% higher than last year, primarily due to increased volume in the plastics market and the additional revenue from ABEL and Red Valve. Those increases were partially offset by continued weak demand in other industrial end markets including coal and proppants. Organically, Process Equipment Group revenue increased 10% in the quarter.</p>

<p>The Process Equipment Group finished the year with <span class="xn-money">$500 million</span> in backlog, 9% higher than last year. Adjusted EBITDA margin of 18.0% in the fourth quarter was in line with the prior year, as improvement from the addition of ABEL and Red Valve in the quarter's results was offset by unfavorable product mix and the effect of low volume in the coal and proppants end markets.</p>

<p><b><span style="text-decoration: underline;"><span class="xn-location">Batesville</span></span></b></p>

<p><span class="xn-location">Batesville</span> fourth quarter revenue was <span class="xn-money">$145 million</span>, a decrease of 4% compared to the prior year, largely due to the estimated volume decline in North American burials given the increased rate at which families chose cremation.</p>

<p>Adjusted EBITDA margin declined 90 basis points to 23.6% due to volume declines that were in line with the market and cost inflation driven by healthcare and insurance. <span class="xn-location">Batesville</span> continues to leverage the Hillenbrand Operating Model to identify opportunities to improve productivity and drive cost out of the business as it addresses the steadily declining number of burials.</p>

<p><b><span style="text-decoration: underline;">Fiscal Year 2016 Results</span></b></p>

<p>Hillenbrand's revenue of <span class="xn-money">$1.54 billion</span> for fiscal 2016 decreased 4%, as certain end markets in the Process Equipment Group remained challenged, and the rate at which families opted for cremation continued to increase, challenging the <span class="xn-location">Batesville</span> segment. This decrease was partially offset by the increased revenue from the additions of ABEL and Red Valve during the year. Organic revenue was down 7%. Process Equipment Group revenue of <span class="xn-money">$965 million</span> decreased 3% driven by the impact of unfavorable foreign currency and end market weakness in proppants and coal. <span class="xn-location">Batesville</span> revenue of <span class="xn-money">$574 million</span> was down 5% driven by the estimated decline in North American burials associated with the increased rate at which families chose cremation.</p>

<p>Net income increased 1% to <span class="xn-money">$113 million</span> or <span class="xn-money">$1.77</span> per share.&Acirc;&nbsp; On an adjusted basis, net income decreased 2% to <span class="xn-money">$128 million</span> or <span class="xn-money">$2.01</span> per share.&Acirc;&nbsp; Adjusted EBITDA decreased 1% to <span class="xn-money">$267 million</span> and, as a percentage of revenue, was 17.4%, 60 basis points higher than the prior year.&Acirc;&nbsp; The adjusted EBITDA margin improvement was the result of process improvements and cost savings initiatives in both segments, supported by the application of the Hillenbrand Operating Model, and the higher margins associated with Abel and Red Valve.&Acirc;&nbsp; Previously announced restructuring actions were completed during the year, contributing approximately <span class="xn-money">$5 million</span> of savings in fiscal 2016 and setting the business on pace to achieve the targeted <span class="xn-money">$10 million</span> annualized savings.&Acirc;&nbsp; Operating cash flow for fiscal year 2016 was <span class="xn-money">$238 million</span>.&Acirc;&nbsp; The <span class="xn-money">$133 million</span> improvement over 2015 was driven primarily by lower working capital requirements in the Process Equipment Group and the non-recurring payment of a litigation settlement in the prior year.</p>

<p>"The Process Equipment Group closed out the year with solid fourth quarter results compared to last year with a strong increase in orders, despite the persistent headwinds in several of our end markets. Our <span class="xn-location">Batesville</span> business was ranked number one for the third consecutive year in the Funeral Service Insider's annual survey of funeral&Acirc;&nbsp;professionals for quality, service, and innovation. And, thanks to everyone's efforts, we were able to generate strong cash flow for Hillenbrand this year," commented <span class="xn-person">Joe Raver</span>, President and CEO of Hillenbrand. "Our team performed well this year despite challenging market conditions.&Acirc;&nbsp; We had to make some difficult decisions and took significant actions to overcome persistent market challenges, drive margin improvement, and position ourselves for increased profitability when demand returns.&Acirc;&nbsp; We will continue to utilize the Hillenbrand Operating Model to identify and implement initiatives to proactively protect our profitability while pursuing growth as we move into 2017."</p>

<p><b><span style="text-decoration: underline;">Guidance</span></b></p>

<p>Hillenbrand expects 2017 revenue growth of 1-3%.&Acirc;&nbsp; Revenue from the Process Equipment Group is projected to grow 3-5% organically, and <span class="xn-location">Batesville</span> is expected to deliver revenue that is down 1%-3%.&Acirc;&nbsp; GAAP EPS is expected to be <span class="xn-money">$1.80-$1.95</span> for 2017, while adjusted EPS is projected to be <span class="xn-money">$1.95-$2.10</span>. The company expects its adjusted tax rate to be approximately 31% for fiscal 2017.</p>

<p><b><span style="text-decoration: underline;">Other Notable Items</span></b></p>

<p>On <span class="xn-chron">October 3, 2016</span>, Hillenbrand contributed <span class="xn-money">$80 million</span> to its U.S. defined benefit pension plan (the "Plan"). The contribution was made using cash on hand and funds borrowed from its revolving credit facility. While the company expects to benefit from the long term savings of this event, the majority of the pension expense savings in 2017 from this action is expected to be offset by the additional interest expense on the funds borrowed and certain potential tax effects from the transaction.</p>

<p>In addition, on <span class="xn-chron">November 14, 2016</span>, the company began implementing a plan to transition its non-bargaining U.S. employees from a defined benefit-based model to a defined contribution structure over a three year sunset period for certain of its employees beginning <span class="xn-chron">January 1, 2017</span>. This change causes a remeasurement event for the Plan with a new measurement date of <span class="xn-chron">October 31, 2016</span>, as the event eliminates future benefit accruals in the Plan for the affected populations. The company does not expect the remeasurement resulting from this action to cause a material change in its pension expense in 2017.</p>

<p>On <span class="xn-chron">November 3, 2016</span>, <span class="xn-location">Batesville</span> announced the planned closure of its smaller wood casket manufacturing facility in Panola County, Mississippi.&Acirc;&nbsp; This action was taken as a result of changing consumer attitudes and preferences in the funeral industry over the past several decades, with consumers choosing cremation over burial at an increased rate, and metal being the preferred casket material over wood.&Acirc;&nbsp; The company expects restructuring and restructuring related charges of approximately <span class="xn-money">$9 to $11 million</span> in 2017.</p>

<div>

<table id="convertedTable0cbf" class="prntblns" border="1" cellspacing="0" cellpadding="0">

<tbody>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span"><b>Conference Call Information</b></span></p>

</td>

<td class="prngen2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Date/Time:&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">8:00 a.m. ET, Thursday, November 17, 2016</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Dial-In for U.S. and Canada: </span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">1-877-201-0168</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Dial-In for International:&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">+1-647-788-4901</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Conference call ID number:&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">42049462</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Webcast link:&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span"><a class="prnews_a" href="http://ir.hillenbrand.com/" target="_blank" rel="nofollow">http://ir.hillenbrand.com</a> (archived through Thursday, December 15, 2016)</span></p>

</td>

</tr>

<tr>

<td class="prngen2">&nbsp;</td>

<td class="prngen2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span"><b>Replay - Conference Call</b></span></p>

</td>

<td class="prngen2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Date/Time:&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Available until midnight ET, Thursday, December 1, 2016</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Dial-In for U.S. and Canada:&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">1-855-859-2056</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Dial-In for International:&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">+1-404-537-3406</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Conference call ID number:&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp;</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">42049462</span></p>

</td>

</tr>

</tbody>

</table>

</div>

<p>&Acirc;&nbsp;</p>

<p>Hillenbrand's financial statements on Form 10-K are expected to be filed jointly with this release and will be available on the company's website (<a href="http://ir.hillenbrand.com/" target="_blank" rel="nofollow">http://ir.hillenbrand.com</a>). &Acirc;&nbsp;</p>

<div>

<table class="prntblns" border="0" cellspacing="0" cellpadding="0">

<tbody>

<tr>

<td class="prngen3" colspan="16">

<p class="prnews_p"><span class="prnews_span"><b>Hillenbrand,&Acirc;&nbsp;Inc.</b></span></p>

<p class="prnews_p"><span class="prnews_span"><b>Consolidated Statements of Income (Unaudited)</b></span></p>

<p class="prnews_p"><span class="prnews_span">(<i>in millions, except per share data</i>)</span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen5" colspan="7">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen5" colspan="6">&nbsp;</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen6" colspan="7">

<p class="prnews_p"><span class="prnews_span"><b>Three Months Ended <br />September 30,</b></span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen6" colspan="6">

<p class="prnews_p"><span class="prnews_span"><b>Twelve months ended <br />September 30,</b></span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen7" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2016</b></span></p>

</td>

<td class="prngen8">&nbsp;</td>

<td class="prngen9" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2015</b></span></p>

</td>

<td class="prngen8" colspan="2">&nbsp;</td>

<td class="prngen7" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2016</b></span></p>

</td>

<td class="prngen10">&nbsp;</td>

<td class="prngen9" colspan="2">

<p class="prnews_p"><span class="prnews_span"><b>2015</b></span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Net revenue</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">428.7</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">392.0</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">1,538.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11">

<p class="prnews_p"><span class="prnews_span">1,596.8</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Cost of goods sold</span></p>

</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">272.5</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">247.5</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">967.8</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="2">

<p class="prnews_p"><span class="prnews_span">1,026.4</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">Gross profit</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">156.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">144.5</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">570.6</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">570.4</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Operating expenses</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">89.9</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">83.5</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">346.5</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">330.6</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Amortization expense</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">7.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">6.7</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">33.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">28.1</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Pension settlement charge</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">17.7</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">17.7</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Interest expense</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">6.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">6.0</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">25.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">23.8</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Other (expense) income, net</span></p>

</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen14" colspan="3">

<p class="prnews_p"><span class="prnews_span">(1.6)</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen14" colspan="3">

<p class="prnews_p"><span class="prnews_span">(1.7)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen14" colspan="2">

<p class="prnews_p"><span class="prnews_span">(7.9)</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">Income before income taxes</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">52.7</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">29.0</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">164.1</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">162.3</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Income tax expense</span></p>

</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">15.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">9.2</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">47.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="2">

<p class="prnews_p"><span class="prnews_span">49.1</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">Consolidated net income</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">37.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">19.8</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">116.8</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">113.2</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Less: Net income attributable to noncontrolling interests</span></p>

</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">1.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.7</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">4.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="2">

<p class="prnews_p"><span class="prnews_span">1.8</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">Net income(1)</span></p>

</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen16" colspan="2">

<p class="prnews_p"><span class="prnews_span">36.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen16" colspan="2">

<p class="prnews_p"><span class="prnews_span">19.1</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen16" colspan="2">

<p class="prnews_p"><span class="prnews_span">112.8</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen16">

<p class="prnews_p"><span class="prnews_span">111.4</span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Net income(1)&Acirc;&nbsp; &acirc;&euro;&rdquo; per share of common stock:</span></p>

</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Basic earnings per share</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.57</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.30</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">1.78</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">1.76</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Diluted earnings per share</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.56</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.30</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">1.77</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">1.74</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Weighted average shares outstanding (basic)</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">63.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">63.3</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">63.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">63.2</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Weighted average shares outstanding (diluted)</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">64.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">63.8</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">63.8</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">63.9</span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Cash dividends per share</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.2025</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.2000</span></p>

</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.8100</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">0.8000</span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

</tr>

<tr>

<td class="prngen3" colspan="16">

<p class="prnews_p"><span class="prnews_span">(1)&Acirc;&nbsp;Net income attributable to Hillenbrand</span></p>

</td>

</tr>

</tbody>

</table>

</div>

<p>&Acirc;&nbsp;</p>

<p>&Acirc;&nbsp;</p>

<div>

<table class="prntblns" border="0" cellspacing="0" cellpadding="0">

<tbody>

<tr>

<td class="prngen3" colspan="7">

<p class="prnews_p"><span class="prnews_span"><b>Condensed Consolidated Statements of Cash Flow</b></span></p>

<p class="prnews_p"><span class="prnews_span">(in millions)</span></p>

</td>

</tr>

<tr>

<td class="prngen8">&nbsp;</td>

<td class="prngen17" colspan="2">&nbsp;</td>

<td class="prngen17">&nbsp;</td>

<td class="prngen17">&nbsp;</td>

<td class="prngen17">&nbsp;</td>

<td class="prngen17">&nbsp;</td>

</tr>

<tr>

<td class="prngen8">&nbsp;</td>

<td class="prngen6" colspan="6">

<p class="prnews_p"><span class="prnews_span"><b>Twelve months ended <br />September 30,</b></span></p>

</td>

</tr>

<tr>

<td class="prngen8">&nbsp;</td>

<td class="prngen7" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2016</b></span></p>

</td>

<td class="prngen10">&nbsp;</td>

<td class="prngen9" colspan="2">

<p class="prnews_p"><span class="prnews_span"><b>2015</b></span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Net cash provided by operating activities</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">238.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11">

<p class="prnews_p"><span class="prnews_span">105.0</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Net cash used in investing activities</span></p>

</td>

<td class="prngen18" colspan="3">

<p class="prnews_p"><span class="prnews_span">(253.5)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="2">

<p class="prnews_p"><span class="prnews_span">(29.5)</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Net cash provided by (used in) financing activities</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">21.6</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="2">

<p class="prnews_p"><span class="prnews_span">(83.2)</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Effect of exchange rate changes on cash and cash equivalents</span></p>

</td>

<td class="prngen14" colspan="3">

<p class="prnews_p"><span class="prnews_span">(2.6)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen14" colspan="2">

<p class="prnews_p"><span class="prnews_span">(2.0)</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span"><b>Net cash flows</b></span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">3.7</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="2">

<p class="prnews_p"><span class="prnews_span">(9.7)</span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span"><b>Cash and cash equivalents:</b></span></p>

</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">At beginning of period</span></p>

</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">48.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="2">

<p class="prnews_p"><span class="prnews_span">58.0</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">At end of period</span></p>

</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen16" colspan="2">

<p class="prnews_p"><span class="prnews_span">52.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen16">

<p class="prnews_p"><span class="prnews_span">48.3</span></p>

</td>

</tr>

</tbody>

</table>

</div>

<p>&Acirc;&nbsp;</p>

<p>&nbsp;</p>

<div>

<table class="prntblns" border="0" cellspacing="0" cellpadding="0">

<tbody>

<tr>

<td class="prngen3" colspan="15">

<p class="prnews_p"><span class="prnews_span"><b>Reconciliation of Non-GAAP Measures</b></span></p>

<p class="prnews_p"><span class="prnews_span">(in millions, except per share data)</span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen6" colspan="7">

<p class="prnews_p"><span class="prnews_span"><b>Three months ended <br />September 30,</b></span></p>

</td>

<td class="prngen5">&nbsp;</td>

<td class="prnsbtb0 prnrbrb0 prnvab prnsbbs prntac prnpl6 prnsblb0 prnpr6" colspan="6">

<p class="prnews_p"><span class="prnews_span"><b>Twelve months ended <br />September 30,</b></span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen7" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2016</b></span></p>

</td>

<td class="prngen10">&nbsp;</td>

<td class="prngen9" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2015</b></span></p>

</td>

<td class="prngen17">&nbsp;</td>

<td class="prngen7" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2016</b></span></p>

</td>

<td class="prngen10">&nbsp;</td>

<td class="prngen9" colspan="2">

<p class="prnews_p"><span class="prnews_span"><b>2015</b></span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;Net Income(1)</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">36.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">19.1</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">112.8</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11">

<p class="prnews_p"><span class="prnews_span">111.4</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Restructuring and restructuring related</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">1.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">5.1</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">10.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">8.9</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Business acquisition and integration</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">2.9</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">3.7</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">3.6</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Litigation</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.5</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp; Inventory step-up</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">2.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Backlog amortization</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">4.5</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp; Trade name impairment</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">2.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Pension settlement charge</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">17.7</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">17.7</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Tax effect of adjustments</span></p>

</td>

<td class="prngen14" colspan="3">

<p class="prnews_p"><span class="prnews_span">(0.5)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen14" colspan="3">

<p class="prnews_p"><span class="prnews_span">(9.4)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen14" colspan="3">

<p class="prnews_p"><span class="prnews_span">(8.0)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen14" colspan="2">

<p class="prnews_p"><span class="prnews_span">(11.2)</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;Adjusted Net Income(1)</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">37.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">35.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">128.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11">

<p class="prnews_p"><span class="prnews_span">130.9</span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;Diluted EPS</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.56</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.30</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">1.77</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">1.74</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Restructuring and restructuring related</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.02</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.08</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.16</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.14</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Business acquisition and integration</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.01</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.04</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.06</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.06</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Litigation</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.01</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp; Inventory step-up</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.04</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Backlog amortization</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.07</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp; Trade name impairment</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.04</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Pension settlement charge</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.28</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.28</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;&Acirc;&nbsp;&Acirc;&nbsp; Tax effect of adjustments</span></p>

</td>

<td class="prngen14" colspan="3">

<p class="prnews_p"><span class="prnews_span">(0.01)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="3">

<p class="prnews_p"><span class="prnews_span">(0.15)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen14" colspan="3">

<p class="prnews_p"><span class="prnews_span">(0.13)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen14" colspan="2">

<p class="prnews_p"><span class="prnews_span">(0.18)</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">&Acirc;&nbsp;Adjusted Diluted EPS</span></p>

</td>

<td class="prngen5">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen5" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.58</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen11">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.55</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11" colspan="2">

<p class="prnews_p"><span class="prnews_span">2.01</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen11">

<p class="prnews_p"><span class="prnews_span">2.05</span></p>

</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span"><sup>1</sup> Net income attributable to Hillenbrand</span></p>

</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

</tr>

</tbody>

</table>

</div>

<p>&Acirc;&nbsp;</p>

<p>&Acirc;&nbsp;</p>

<div>

<table class="prntblns" border="0" cellspacing="0" cellpadding="0">

<tbody>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen5" colspan="2">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

</tr>

<tr>

<td class="prngen4">&nbsp;</td>

<td class="prngen6" colspan="7">

<p class="prnews_p"><span class="prnews_span"><b>Three months ended <br />September 30,</b></span></p>

</td>

<td class="prngen8">&nbsp;</td>

<td class="prngen6" colspan="6">

<p class="prnews_p"><span class="prnews_span"><b>Twelve months ended <br />September 30,</b></span></p>

</td>

</tr>

<tr>

<td class="prngen8">&nbsp;</td>

<td class="prngen7" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2016</b></span></p>

</td>

<td class="prngen8">&nbsp;</td>

<td class="prngen9" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2015</b></span></p>

</td>

<td class="prngen8">&nbsp;</td>

<td class="prngen7" colspan="3">

<p class="prnews_p"><span class="prnews_span"><b>2016</b></span></p>

</td>

<td class="prngen17">&nbsp;</td>

<td class="prngen9" colspan="2">

<p class="prnews_p"><span class="prnews_span"><b>2015</b></span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Adjusted EBITDA:</span></p>

</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen5">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">Process Equipment Group</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">51.1</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">44.1</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">160.9</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen4">

<p class="prnews_p"><span class="prnews_span">160.5</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">Batesville</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">34.1</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">36.8</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">143.5</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">145.5</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">Corporate</span></p>

</td>

<td class="prngen18" colspan="3">

<p class="prnews_p"><span class="prnews_span">(10.8)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="3">

<p class="prnews_p"><span class="prnews_span">(7.3)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="3">

<p class="prnews_p"><span class="prnews_span">(37.3)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="2">

<p class="prnews_p"><span class="prnews_span">(37.3)</span></p>

</td>

</tr>

<tr>

<td class="prngen13">

<p class="prnews_p"><span class="prnews_span">Less:</span></p>

</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">&nbsp;</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">&nbsp;</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Interest income</span></p>

</td>

<td class="prngen18" colspan="3">

<p class="prnews_p"><span class="prnews_span">(0.4)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="3">

<p class="prnews_p"><span class="prnews_span">(0.3)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="3">

<p class="prnews_p"><span class="prnews_span">(1.2)</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen18" colspan="2">

<p class="prnews_p"><span class="prnews_span">(1.0)</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Interest expense</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">6.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">6.0</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">25.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">23.8</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Income tax expense</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">15.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">9.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">47.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">49.1</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Depreciation and amortization</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">14.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">13.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">60.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">54.3</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Business acquisition and integration</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">0.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">2.9</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">3.7</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">3.6</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Inventory step-up</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">2.4</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Restructuring and restructuring related</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">1.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">5.1</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">10.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">7.5</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Litigation</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">0.5</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Pension settlement charge</span></p>

</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">17.7</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen4" colspan="2">

<p class="prnews_p"><span class="prnews_span">17.7</span></p>

</td>

</tr>

<tr>

<td class="prngen20">

<p class="prnews_p"><span class="prnews_span">Trade name impairment</span></p>

</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="3">

<p class="prnews_p"><span class="prnews_span">2.2</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen12" colspan="2">

<p class="prnews_p"><span class="prnews_span">&acirc;&euro;&rdquo;</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">Consolidated net income</span></p>

</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen15" colspan="2">

<p class="prnews_p"><span class="prnews_span">37.3</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen15" colspan="2">

<p class="prnews_p"><span class="prnews_span">19.8</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen15" colspan="2">

<p class="prnews_p"><span class="prnews_span">116.8</span></p>

</td>

<td class="prngen4">&nbsp;</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">$</span></p>

</td>

<td class="prngen15">

<p class="prnews_p"><span class="prnews_span">113.2</span></p>

</td>

</tr>

</tbody>

</table>

</div>

<p>&Acirc;&nbsp;</p>

<p>Throughout this release, we make a number of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As the words imply, forward-looking statements are statements about the future, as contrasted with historical information. Our forward-looking statements are based on assumptions and current expectations of future events that we believe are reasonable, but by their very nature they are subject to a wide range of risks. If our assumptions prove inaccurate or unknown risks and uncertainties materialize, actual results could vary materially from Hillenbrand's expectations and projections.</p>

<p>Words that could indicate that we are making forward-looking statements include the following:</p>

<div>

<table class="prntblns" border="0" cellspacing="0" cellpadding="0">

<tbody>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">intend</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">believe</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">plan</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">expect</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">may</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">goal</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">would</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">become</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">pursue</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">estimate</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">will</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">forecast</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">continue</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">could</span></p>

</td>

</tr>

<tr>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">targeted</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">encourage</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">promise</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">improve</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">progress</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">potential</span></p>

</td>

<td class="prngen2">

<p class="prnews_p"><span class="prnews_span">should</span></p>

</td>

</tr>

</tbody>

</table>

</div>

<p>&Acirc;&nbsp;</p>

<p>This is not an exhaustive list. Our intent is to provide examples of how readers might identify forward-looking statements. The absence of any of these words, however, does not mean that the statement is not forward-looking.</p>

<p><b>Here is the key point</b>: <i>Forward-looking statements are not guarantees of future performance, and our actual results could differ materially from those set forth in any forward-looking statements</i>. Any number of factors, many of which are beyond our control, could cause our performance to differ significantly from what is described in the forward-looking statements. These factors include, but are not limited to: the outcome of any legal proceedings that may be instituted against Hillenbrand, or any companies we may acquire; risks that an acquisition disrupts current operations or poses potential difficulties in employee retention or otherwise affects financial or operating results; the ability to recognize the benefits of an acquisition, including potential synergies and cost savings or the failure of an acquired company to achieve its plans and objectives generally; global market and economic conditions, including those related to the credit markets; volatility of our investment portfolio; adverse foreign currency fluctuations; involvement in claims, lawsuits and governmental proceedings related to operations; labor disruptions; the dependence of our business units on relationships with several large providers; increased costs or unavailability of raw materials; continued fluctuations in mortality rates and increased cremations; competition from nontraditional sources in the death care industry; cyclical demand for industrial capital goods; and certain tax-related matters. For a more in-depth discussion of these and other factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions under the heading "Risk Factors" in Part I, Item 1A of Hillenbrand's Form 10-K for the year ended September&Acirc;&nbsp;30, 2016, filed with the Securities and Exchange Commission on November&Acirc;&nbsp;16, 2016. The company assumes no obligation to update or revise any forward-looking information.</p>

<div id="prni_dvprnejpg1775left" style="text-align: left; width: 100%;"><img id="prnejpg1775left" title="Hillenbrand - a global diversified industrial company. " src="http://photos.prnewswire.com/prnvar/20140721/129050" alt="Hillenbrand - a global diversified industrial company. " align="middle" border="0" /></div>

<p>&Acirc;&nbsp;</p>

<p>Logo - <a href="http://photos.prnewswire.com/prnh/20140721/129050" target="_blank" rel="nofollow">http://photos.prnewswire.com/prnh/20140721/129050</a></p>

<p>SOURCE Hillenbrand, Inc.</p>"