Why Hillenbrand Stock Is Down Big Today
HIHillenbrand(HI) The Motley Fool·2024-05-02 03:30

The company revised full-year estimates downward due to pricing pressure and product mix. Diversified manufacturer Hillenbrand (HI -11.47%) grew revenue and topped earnings expectations in its most recent quarter but warned of a slowdown up ahead. Investors are forward looking, sending the company's stock down 14% as of 12:30 p.m. ET Wednesday. Pricing pressure and reduced volumes Hillenbrand is perhaps best known as the parent of casket-maker Batesville, but the company also has a large plastics and moldin ...