Report
Jake Strole
EUR 100.00 For Business Accounts Only

Hill-Rom Reports in Line Second Quarter and Announces Successor to Outgoing CEO Greisch

No-moat Hill-Rom reported another quarter solidly in line with our expectations and on pace with our outlook for the full year. As we make some tweaks to our model around the edges, we don't plan on changing our $75 fair value estimate for the firm.
While the consolidated business performed roughly in line with our forecasts, this was driven by better than anticipated growth out of front line care and the surgical businesses (in international markets in particular), offset by worse than expected...
Underlying
Hill-Rom Holdings Inc.

Hill-Rom Holdings is a medical technology company. The company's reportable segments are: Patient Support Systems, which include a variety of frames and surfaces (such as medical surgical (med-surg) beds, intensive care unit beds, and bariatric patient beds), patient mobility solutions (such as lifts and other devices used to move patients), non-invasive therapeutic products and surfaces, and its information technologies and software solutions; Front Line Care, which includes its patient monitoring and diagnostics products and its respiratory health products; and Surgical Solutions, which include tables, lights, and pendants utilized within the surgical setting.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jake Strole

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