Hillenbrand Stock Facing Pressure Due to Pricing and Volume Concerns

Wednesday, 1 May 2024, 19:30

Hillenbrand's stock is down 14% as the company revised full-year estimates downward due to pricing pressure and product mix. The diversified manufacturer grew revenue in the last quarter but warned of a slowdown ahead, leading to concerns among investors. With reduced volumes in its molding business and lowered forecasts, Hillenbrand's stock faces uncertainty in the current economic environment.
https://store.livarava.com/564af1b5-07f2-11ef-a6c0-63e1980711b2.jpg
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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe