Hillenbrand Stock Facing Pressure Due to Pricing and Volume Concerns
Pricing Pressure and Reduced Volumes
The company revised full-year estimates downward due to pricing pressure and product mix. Diversified manufacturer Hillenbrand (NYSE: HI) grew revenue but warned of a slowdown. Revenue was up 14% year over year but organic revenue was down 5% due to lower volumes in its molding business.
Risk Mitigation and Cost-Cutting Efforts
Hillenbrand is cutting costs in the molding business through a restructuring program to generate savings. The company reduced its full-year revenue forecast and adjusted EBITDA growth due to pricing pressure, lower volumes, and unfavorable product mix.
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