05:28 PM EST, 02/05/2025 (MT Newswires) -- Hillenbrand ( HI ) reported fiscal Q1 adjusted diluted earnings late Wednesday of $0.56 per share, down from $0.69 a year earlier.

Analysts polled by FactSet expected $0.54.

Net revenue for the quarter ended Dec. 31 was $706.9 million, down from $773.3 million a year earlier.

Analysts surveyed by FactSet expected $695.4 million.

Meanwhile, the company said it agreed to sell a 51% stake in its Milacron injection molding and extrusion business for $287 million to an affiliate of Bain Capital.

Net proceeds after tax are expected to be about $250 million and will be used for debt paydown. The deal is expected to close at the end of Hillenbrand's ( HI ) fiscal Q2 or beginning of fiscal Q3, the company said.

Hillenbrand ( HI ) updated its fiscal 2025 outlook to account for the sale. It now expects fiscal 2025 adjusted earnings of $2.45 to $2.80 per share on revenue of $2.63 billion to $2.79 billion. The company's previous guidance was $2.80 to $3.15 per share on revenue of $2.93 billion to $3.09 billion.

Analysts polled by FactSet expect adjusted earnings of $2.95 per share on revenue of $3.01 billion.

Hillenbrand ( HI ) also issued its fiscal Q2 adjusted earnings guidance of $0.53 to $0.58 per share on revenue of $685 million to $705 million. Analysts surveyed by FactSet expect $0.64 and $730.8 million, respectively.