Hillenbrand Updates Guidance After Milacron Business Sale
Hillenbrand, Inc. has updated its annual guidance following the majority sale of its Milacron business to Bain Capital, reflecting changes in fiscal first quarter results.
BATESVILLE, Ind., Feb. 5, 2025 -- Hillenbrand, Inc. (NYSE: HI), a leading global provider of highly-engineered processing equipment and solutions, reported results for the fiscal first quarter, which ended December 31, 2024. The company has announced the majority sale of its Milacron injection molding and extrusion business, which is part of the Molding Technology Solutions (MTS) segment, to an affiliate of Bain Capital.
The reported results for the fiscal first quarter include Milacron in both the consolidated and MTS results. In light of this transaction, Hillenbrand has updated its annual guidance to reflect the impact.
