HI on NYSE
Hillenbrand, Inc.
Logo: Hillenbrand Inc., Public domain, via Wikimedia Commons4
In this section of the Form 10-K, we provide you with a general overview of the Company, including a high-level review of our reportable segments and how we operate.9 From its latest annual report
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerHI on NYSE1
- IndustryMiscellaneous Manufacturing Industries1
- HeadquartersBatesville1
- Websitewww.hillenbrand.com
- Incorporated inIN6
- Business addressOne Batesville Boulevard, Batesville, In 470066
- Filer categoryLarge accelerated filer6
- Legal formFor-Profit Corporation3
- LEIU246OE781574J2BUD3663
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O NICHOLAS R FARRELL, 47006 Batesville, United States3
- Registered withBusiness Services Division (Secretary of State), 20071101003963
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In this section of the Form 10-K, we provide you with a general overview of the Company, including a high-level review of our reportable segments and how we operate. We then present our reportable operating segments in greater detail, including the products we manufacture and sell, how those products are distributed and to whom, with whom we compete, the key inputs to production, and an explanation of our business strategies. We also provide you information on any key patents, trademarks, and regulatory matters important to our business. Finally, we provide you with a brief background on our executive officers so that you can understand their experience and qualifications.9 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue66¢$1.8B
- Research and development1¢$34.1M
- Other costs25¢$674.6M
- Interest4¢$94.5M
- Income tax2¢$54.5M
- Profit2¢$43.1M
Out of $2.7B in revenue.5
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B10 | $1.8B11 | $2.5B12 | $2.2B13 | $2.3B14 | $2.8B5 | $3.2B5 | $2.7B5 |
| Cost of revenue | $1.1B10 | $1.2B11 | $1.7B12 | $1.5B13 | $1.6B14 | $1.9B5 | $2.1B5 | $1.8B5 |
| Gross profit | $642.1M10 | $623.0M11 | $813.3M12 | $732.3M13 | $763.8M14 | $948.2M5 | $1.1B5 | $900.8M5 |
| Research and development | $11.7M10 | $10.6M11 | $18.6M12 | $20.3M13 | $19.8M14 | $25.4M5 | $36.7M5 | $34.1M5 |
| Operating expenses | $442.7M13 | $574.0M13 | ||||||
| Interest | $23.3M10 | $27.4M11 | $77.4M12 | $74.3M13 | $64.3M14 | $77.7M5 | $121.5M5 | $94.5M5 |
| Income before tax | $314.0M12 | $216.9M5 | -$139.4M5 | -$2.4M5 | ||||
| Income tax | $65.3M10 | $50.5M11 | $34.9M12 | $78.6M13 | $84.0M14 | $102.8M5 | $64.8M5 | -$54.5M5 |
| Net income | $81.2M10 | $126.2M11 | -$53.4M12 | $249.9M13 | $208.9M14 | $569.7M5 | -$211.0M5 | $43.1M5 |
| Earnings per share | $1.2110 | $1.9311 | -$0.8212 | $3.3413 | $2.9114 | $8.165 | -$3.005 | $0.615 |
| Earnings per share (diluted) | $1.2010 | $1.9211 | -$0.8212 | $3.3113 | $2.8914 | $8.135 | -$3.005 | $0.615 |
| Shares (weighted, basic) | 71.7M shares14 | 69.8M shares5 | 70.4M shares5 | 70.7M shares5 | ||||
| Shares (weighted, diluted) | 72.2M shares14 | 70.1M shares5 | 70.4M shares5 | 70.8M shares5 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $56.0M18 | $399.0M10 | $302.2M11 | $446.1M12 | $232.2M13 | $242.9M14 | $199.3M5 | $164.8M5 |
| Inventory | $485.6M13 | $592.6M14 | $525.2M5 | $344.0M5 | ||||
| Current assets | $610.6M18 | $1.0B10 | $1.4B11 | $1.4B12 | $1.4B13 | $1.6B14 | $1.5B5 | $1.2B5 |
| Property, plant and equipment | $231.9M13 | $320.7M14 | $316.6M5 | $238.5M5 | ||||
| Goodwill | $1.2B14 | $2.0B5 | $1.8B5 | $1.6B5 | ||||
| Intangible assets | $808.0M13 | $1.4B14 | $1.3B5 | $1.1B5 | ||||
| Total assets | $1.9B18 | $2.2B10 | $4.0B11 | $4.0B12 | $3.9B13 | $5.5B14 | $5.2B5 | $4.5B5 |
| Accounts payable | $371.0M13 | $451.5M14 | $444.8M5 | $364.4M5 | ||||
| Short-term debt | $013 | $19.7M14 | $20.6M5 | $22.8M5 | ||||
| Current liabilities | $531.7M18 | $589.3M10 | $852.1M11 | $1.0B12 | $1.1B13 | $1.3B14 | $1.2B5 | $1.0B5 |
| Long-term debt | $344.6M18 | $619.5M10 | $1.5B11 | $1.2B12 | $1.2B13 | $2.0B14 | $1.9B5 | $1.5B5 |
| Total liabilities | $1.1B18 | $1.5B10 | $2.9B11 | $2.8B12 | $2.8B13 | $3.9B14 | $3.8B5 | $3.0B5 |
| Retained earnings | $812.0M13 | $1.3B14 | $1.0B5 | $1.0B5 | ||||
| Shareholders’ equity | $731.1M18 | $754.1M10 | $1.1B11 | $1.2B12 | $1.1B13 | $1.6B14 | $1.4B5 | $1.4B5 |
| Shares outstanding | 62.3M shares19 | 62.7M shares18 | 74.8M shares10 | 72.2M shares11 | 68.9M shares12 | 69.9M shares13 | 70.2M shares14 | 70.5M shares20 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $178.9M11 | $354.8M12 | $528.4M12 | $191.1M12 | ||||
| Depreciation and amortization | $98.6M14 | $125.6M5 | $158.0M5 | $138.5M5 | ||||
| Stock-based compensation | $19.0M14 | $18.8M5 | $20.3M5 | $17.9M5 | ||||
| Cash from investing | -$143.4M12 | |||||||
| Dividends paid | $52.1M10 | $52.6M11 | $63.4M12 | $64.0M13 | $62.0M14 | $61.3M5 | $62.5M5 | $63.4M5 |
| Share buybacks | $61.0M10 | $011 | $012 | $121.1M13 | $203.9M14 | $014 | $014 | |
| Cash from financing | -$244.2M14 | $693.4M5 | -$227.1M5 | -$279.4M5 | ||||
| Dividend per share | $0.8319 | $0.8411 | $0.8512 | $0.8613 | $0.8714 | $0.885 | $0.895 | $0.905 |
Leadership
Who has led Hillenbrand, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
- Chief executive officerKimberly K. Ryan Jan 4, 2022 to now21
- Chief executive officerJoe Anthony Raver Dec 5, 2013 to Jan 4, 202222
- Chief executive officerKenneth A. Camp Mar 12, 2008 to May 2, 201323
- PresidentKimberly K. Ryan Jan 4, 2022 to now21
- PresidentLing An-Heid Dec 2, 2019 to Jan 5, 202124
- PresidentChristopher H. Trainor Oct 2, 2015 to Oct 2, 201525
- PresidentJoe Anthony Raver Dec 5, 2013 to Jan 4, 202222
- PresidentKenneth A. Camp Mar 12, 2008 to May 2, 201323
- Chief financial officerMegan A. Walke Jul 2, 2025 to now26
- Chief financial officerRobert M. Vanhimbergen Jun 8, 2022 to Jul 2, 202527
- Chief financial officerKristina A. Cerniglia Aug 7, 2014 to Apr 1, 202228
- Chief financial officerCynthia L. Lucchese Mar 12, 2008 to Dec 26, 201329
Board members and other officers (56)
- OfficerCarole Anne Phillips Jan 4, 2023 to now30
- Sr. VP and President MTSTamara Morytko Sep 13, 2023 to now31
- Senior VP and Chief HR OfficerAneesha Arora Jan 4, 2022 to now32
- Exec VP, FinanceRobert M. Vanhimbergen Mar 16, 2022 to Apr 1, 202233
- OfficerLeo Kulmaczewski Feb 19, 2021 to Jul 2, 202434
- Senior Vice PresidentUlrich Bartel Jun 14, 2021 to now35
- VP, Global Supply ManagementMichael D. Prado Jul 6, 2020 to Jan 4, 202336
- Sr. VP and Chief HR OfficerPeter S. Dyke Oct 13, 2020 to Jan 4, 202237
- Senior Vice PresidentLing An-Heid Nov 30, 2020 to Jul 5, 202338
- VP & Chief Information OfficerBhavik N. Soni Jun 6, 2019 to now39
- VP, CAO and ControllerAndrew S. Kitzmiller Dec 2, 2019 to Jan 4, 202240
- Interim CAOMegan A. Walke May 7, 2018 to now41
- Sr. V.P., Strategy & Corp DevJ. Michael Whitted Jun 20, 2018 to now42
- VP, Hillenbrand Oper ModelJames A. Hooven Jun 13, 2017 to Dec 9, 201943
- Sr. V.P., Chief HR OfficerGlennis A. Williams Jul 18, 2017 to Dec 17, 201944
- Interim Pres of Op CoChristopher H. Trainor Apr 10, 2015 to Jan 4, 202345
- VP, Controller & CAOEric M. Teegarden Jul 20, 2015 to Feb 6, 201846
- VP, Gen Counsel & SecretaryNicholas R. Farrell Oct 2, 2015 to now47
- Senior Vice PresidentThomas Kehl Sep 9, 2013 to Apr 1, 201548
- Sr. VP, Corporate DevelopmentScott P. George Jan 30, 2012 to Dec 8, 201649
- Senior Vice PresidentKimberly K. Ryan Apr 5, 2011 to Dec 7, 202150
- Vice President, StrategyDiane R. Bohman Jun 13, 2011 to Dec 8, 201751
- Pres.-K-Tron Size Reduction GrDonald W. Melchiorre Apr 5, 2010 to Jan 5, 201152
- Pres. - K-Tron Process GroupKevin C. Bowen Apr 5, 2010 to Jul 5, 201153
- Sr. V.P. Buss. Dev. - K-TronLukas Guenthardt Apr 5, 2010 to Apr 4, 201154
- VP Cont. & Chief Acct. OfficerElizabeth E. Dreyer Dec 1, 2010 to Dec 22, 201455
- VP Batesville Casket CompanyDouglas I. Kunkel Mar 12, 2008 to Jul 2, 200856
- Senior V.P. Gen. Counsel & SecJohn R. Zerkle Mar 12, 2008 to Nov 5, 201557
- VP Batesville Casket CompanyMark A. English Mar 12, 2008 to Jul 2, 200858
- VP Batesville Casket CompanyMichael L. Dibease Mar 12, 2008 to Jul 2, 200859
- Chief Accounting OfficerTheodore S. Haddad Mar 12, 2008 to Jul 1, 201560
- Senior VP, Human ResourcePaul Douglas Wilson Apr 2, 2008 to Mar 6, 201461
- Senior Vice PresidentJoe Anthony Raver Jun 16, 2008 to Jul 2, 201362
- V.P. STRATEGY & BUSINESS DEVELHinesh Patel Aug 19, 2008 to Jan 4, 201263
- Vice President, Lean BusinessJan M. Santerre Dec 10, 2008 to Mar 19, 201564
- Board memberJoseph T. Lower Oct 22, 2024 to now65
- Board memberKimberly K. Ryan Apr 1, 2022 to now66
- Board memberDennis W. Pullin May 11, 2021 to now67
- Board memberInderpreet Sawhney Jun 25, 2021 to now68
- Board memberJennifer Rumsey Aug 6, 2020 to now69
- Board memberDaniel C. Hillenbrand May 14, 2018 to now70
- Board memberGary L. Collar May 6, 2015 to now71
- Board memberJoy M. Greenway Mar 1, 2013 to now72
- Board memberJoe Anthony Raver Dec 5, 2013 to Jan 4, 202222
- Board memberHelen W. Cornell Aug 16, 2011 to now73
- Board memberNeil S. Novich Feb 25, 2010 to now74
- Board memberEdward B. Cloues Ii. Apr 5, 2010 to Feb 12, 202175
- Board memberF. Joe Loughrey Feb 11, 2009 to Jan 12, 202376
- Board memberEduardo S. Menasce Mar 12, 2008 to Feb 15, 201977
- Board memberKenneth A. Camp Mar 12, 2008 to May 2, 201323
- Board memberRayj Hillenbrand Mar 12, 2008 to Feb 28, 201378
- Board memberW. August Hillenbrand Mar 12, 2008 to Oct 20, 201579
- Board memberJames A. Henderson Apr 2, 2008 to Feb 28, 201380
- Board memberMark Deluzio Apr 2, 2008 to Feb 15, 201981
- Board memberWilliam J. Cernugel Apr 2, 2008 to Feb 23, 201282
- Board memberStuart A. Taylor Ii. Oct 1, 2008 to now83
Subsidiaries and ownership
Subsidiaries (GLEIF)
Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.
Former names
- Batesville Holdings, Inc.Nov 5, 2007 to Mar 25, 20086
Timeline
Filings
768 filings to the SEC since October 2021: 6 annual reports, 13 quarterly reports, 64 major events, 620 insider forms, 15 large holders, 50 other. The latest 20:
- Feb 20, 202615-12G EDGAR
- Feb 17, 2026SCHEDULE 13G/A EDGAR
- Feb 12, 20264/A EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 2026S-8 POS EDGAR
- Feb 10, 2026S-8 POS EDGAR
- Feb 10, 2026S-8 POS EDGAR
- Feb 10, 2026S-8 POS EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
- Feb 10, 20264 EDGAR
The 768 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
38 open-market trades by officers, directors and large owners since October 2021: 18 buys and 20 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 14, 2025 | Arora AneeshaSr. VP & Chief HR Officer | Buy | 8,857 | $25.19 | $223.1K | Form 4 |
| Feb 10, 2025 | FARRELL NICHOLAS RSr. VP, GC & Secretary | Buy | 1,200 | $33.10 | $39.7K | Form 4 |
| Feb 10, 2025 | Whitted J MichaelSr. VP, Strategy & Corp. Dev. | Buy | 1,000 | $32.83 | $32.8K | Form 4 |
| Feb 10, 2025 | RYAN KIMBERLY KPresident & CEO | Buy | 2,500 | $32.68 | $81.7K | Form 4 |
| Feb 10, 2025 | VanHimbergen Robert MSr. VP, CFO | Buy | 2,000 | $32.85 | $65.7K | Form 4 |
| May 6, 2024 | Kulmaczewski LeoSr. VP, Operations COE & HOM | Buy | 300 | $42.73 | $12.8K | Form 4 |
| May 3, 2024 | RYAN KIMBERLY KPresident & CEO | Buy | 2,350 | $42.69 | $100.3K | Form 4 |
| May 3, 2024 | Kulmaczewski LeoSr. VP, Operations COE & HOM | Buy | 900 | $42.11 | $37.9K | Form 4 |
| May 3, 2024 | RUMSEY JENNIFERDirector | Buy | 587 | $42.54 | $25.0K | Form 4 |
| May 3, 2024 | VanHimbergen Robert MSr. VP, CFO | Buy | 2,400 | $42.58 | $102.2K | Form 4 |
| Mar 15, 2024 | FARRELL NICHOLAS RSr. VP, GC & Secretary | Sale | 8,542 | $47.02 | $401.7K | Form 4 |
| Feb 9, 2024 | VanHimbergen Robert MSr. VP, CFO | Buy | 11,319 | $45.23 | $512.0K | Form 4 |
| Feb 9, 2024 | RYAN KIMBERLY KPresident & CEO | Buy | 5,600 | $44.94 | $251.7K | Form 4 |
| Dec 12, 2023 | HILLENBRAND DANIEL C.Director | Buy | 2,448 | $40.62 | $99.4K | Form 4 |
| Dec 7, 2023 | VanHimbergen Robert MSr. VP, CFO | Buy | 1,255 | $39.75 | $49.9K | Form 4 |
| Dec 7, 2023 | RYAN KIMBERLY KPresident & CEO | Buy | 3,156 | $39.54 | $124.8K | Form 4 |
| Nov 30, 2023 | CORNELL HELEN WDirector | Buy | 6,491 | $38.43 | $249.4K | Form 4 |
| Jun 15, 2023 | Whitted J MichaelSr. VP, Strategy & Corp. Dev. | Sale | 4,000 | $51.50 | $206.0K | Form 4 |
| Jun 13, 2023 | An-Heid LingSenior Vice President | Sale | 46,444 | $52.45 | $2.4M | Form 4 |
| Jun 8, 2023 | Whitted J MichaelSr. VP, Strategy & Corp. Dev. | Sale | 4,000 | $52.23 | $208.9K | Form 4 |
All 38 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FULLER & THALER ASSET MANAGEMENT, INC.SCHEDULE 13G/A, 2 filings Nov 12, 2024 to Feb 17, 202684
- FMR LLCSCHEDULE 13G/A, 6 filings Feb 9, 2024 to Nov 7, 202585
- Clarkston Capital Partners, LLCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Aug 13, 202586
- VANGUARD GROUP INCSC 13G/A, 3 filings Feb 10, 2022 to Feb 13, 202487
Links
- Websitewww.hillenbrand.com1
- WikidataQ5763038
- SEC EDGARCIK 1417398
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataHillenbrand, Inc. on Wikidata
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- 4Wikimedia CommonsHillenbrand, Inc. logo by Hillenbrand Inc., Public domain
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- 8GLEIFMilacron: LEI record
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- 24SEC EDGARLing An-Heid, President
- 25SEC EDGARChristopher H. Trainor, President
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- 30SEC EDGARCarole Anne Phillips, Officer
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- 34SEC EDGARLeo Kulmaczewski, Officer
- 35SEC EDGARUlrich Bartel, Senior Vice President
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- 38SEC EDGARLing An-Heid, Senior Vice President
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- 41SEC EDGARMegan A. Walke, Interim CAO
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- 48SEC EDGARThomas Kehl, Senior Vice President
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- 65SEC EDGARJoseph T. Lower, Board member
- 66SEC EDGARKimberly K. Ryan, Board member
- 67SEC EDGARDennis W. Pullin, Board member
- 68SEC EDGARInderpreet Sawhney, Board member
- 69SEC EDGARJennifer Rumsey, Board member
- 70SEC EDGARDaniel C. Hillenbrand, Board member
- 71SEC EDGARGary L. Collar, Board member
- 72SEC EDGARJoy M. Greenway, Board member
- 73SEC EDGARHelen W. Cornell, Board member
- 74SEC EDGARNeil S. Novich, Board member
- 75SEC EDGAREdward B. Cloues Ii., Board member
- 76SEC EDGARF. Joe Loughrey, Board member
- 77SEC EDGAREduardo S. Menasce, Board member
- 78SEC EDGARRayj Hillenbrand, Board member
- 79SEC EDGARW. August Hillenbrand, Board member
- 80SEC EDGARJames A. Henderson, Board member
- 81SEC EDGARMark Deluzio, Board member
- 82SEC EDGARWilliam J. Cernugel, Board member
- 83SEC EDGARStuart A. Taylor Ii., Board member
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