Hill-Rom Holdings, Inc. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Provides Earnings Guidance for the Second Quarter of 2017 and Reaffirms Earnings Guidance for the Full Year of 2017
For the full-year, Hill-Rom expects revenue to increase approximately 1% on a reported basis (or 2% on a constant currency basis.) Excluding the impact of completed and potential divestitures (with 2016 annual revenue of approximately $75 million) from both periods, Hill-Rom's core revenue is expected to increase 3% to 4% on a constant currency basis. In addition, the company continues to expect adjusted earnings of $3.74 to $3.82 per diluted share and $330 to $340 million in operating cash flow (including the outflows associated with ongoing restructuring and integration activities).
For the fiscal second quarter 2017, Hill-Rom expects revenue to increase 2% to 3% on a reported basis (or 3% to 4% on a constant currency basis). Excluding the impact of completed or potential divestitures from both periods, Hill-Rom's core revenue is expected to increase 4% to 5% on a constant currency basis. Hill-Rom also expects adjusted earnings per diluted share, excluding special items, of $0.77 to $0.79 per diluted share.