Hillenbrand, Inc. (NYSE:HI) Q4 2024 Earnings Conference Call November 14, 2024 8:00 AM ET

Company Participants

Sam Mynsberge - VP of IR
Kimberly K. Ryan - President & CEO
Robert M. VanHimbergen - SVP & CFO

Conference Call Participants

Daniel Moore - CJS Securities
Matt Summerville - D.A. Davidson & Co.
Mitchell Moore - KeyBanc Capital Markets
John Franzreb - Sidoti & Company

Operator

Greetings and welcome to the Hillenbrand’s Fourth Quarter Fiscal Year 2024 Earnings Call. At this time, all participants are in a listen-only mode. The question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce Sam Mynsberge, Vice President, Investor Relations. Thank you, you may begin.

Sam Mynsberge

Thank you, operator, and good morning everyone. Welcome to Hillenbrand's fourth quarter and fiscal year-end 2024 earnings call. I'm joined by our President and CEO, Kim Ryan and our Senior Vice President and CFO, Bob VanHimbergen. I'd like to direct your attention to the supplemental slides posted on our IR website that will be referenced on today's call.

Turning to Slide 3, please note that our comments may contain certain forward-looking statements that are subject to the Safe Harbor provisions of the Securities Laws. These statements are not guarantees of future performance, and our actual results could differ materially. Also, during the course of this call, we will be discussing our results on a continuing operations basis, which excludes any impact from the discontinued operations of Batesville as well as certain non-GAAP operating performance measures, including organic comparisons for our segments, which exclude the impacts from acquisitions, divestitures, and foreign currency exchange rates. I encourage you to review the appendix in Slide 3 of the earnings call presentation, which can be found on our website as well as our 10-K which will be filed later this month, for a deeper discussion of non-GAAP information, forward-looking statements, and the risk factors that could impact our actual results. Finally, as a reminder on August 1st, Schenck Process Food and Performance Materials business was rebranded under our existing Coperion brand, but will be referred to as FPM throughout today's call. With that, I'll now turn the call over to Kim.

Kimberly K. Ryan

Thanks, Sam and good morning, everyone. Thank you for joining us today. I'd like to start by recognizing our Hillenbrand associates for their dedication and determination throughout the year. While we face demand pressure from persistent macroeconomic challenges, our teams rose to the occasion by accelerating initiatives to optimize our cost-structure and drive trade-working capital efficiencies, by diligently managing our discretionary costs, and by delivering stronger than planned FPM margins through the execution of our integration. Guided by our purpose to shape what matters for tomorrow, we continue to pursue excellence, collaboration, and innovation for our customers, our colleagues, and our communities. And I'm truly grateful for a team that embodies that purpose each and every day.