Hill-Rom Holdings, Inc Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the Second Quarter of 2018; Raises Earnings Guidance for the Year 2018
For the fiscal second quarter 2018, the company expects revenue to increase approximately 4% on a reported basis, approximately 2% on a constant currency basis, and core revenue to increase approximately 2%. The company expects adjusted earnings, excluding special items, of $1.00 to $1.02 per diluted share.
For the full-year 2018, the company continues to expect revenue to increase 3% to 4% on a reported basis and approximately 2% to 3% on a constant currency basis. The company continues to expect core revenue to increase approximately 3%. Core revenue excludes foreign currency, divestitures, other non-strategic assets the company may exit, and Mortara revenue prior to the anniversary date of the acquisition. Based on its first quarter results and benefit related to the new U.S. tax reform legislation, the company now expects adjusted earnings, excluding special items, of $4.57 to $4.65 per diluted share and approximately $350 million in operating cash flow.