BATESVILLE, Ind., May 13, 2008 /PRNewswire-FirstCall/ -- Hill-Rom Holdings, Inc. (NYSE: HRC),
reporting for the first time since the spin-off of the funeral services business, today announced
unaudited financial results for its fiscal second quarter ended March 31, 2008. Results included
revenue of $375.2 million, a $40.2 million or 12.0 percent increase from $335.0 million in the prior year
comparable period. On a constant currency basis, revenue increased 9.0 percent.
Consolidated net income from continuing operations, which excludes results attributable to the funeral
services business and certain other costs associated with the separation, was $9.4 million, or $0.15
per fully diluted share--a decrease of 40.0 percent. On an as adjusted basis, fully diluted earnings per
share from continuing operations for the second quarter of fiscal 2008 were $0.26 compared to the
same amount per fully diluted share in 2007. Adjustments to the current year relate to a number of
costs associated with the separation of the funeral services business, including non-recurring costs of
separation, a stock modification charge to maintain the value of existing equity compensation, and a
loss on the extinguishment of debt. The adjustment in the prior year related to antitrust litigation
expenses.
On March 31, 2008, we completed the spin-off of our funeral services business operating under the
Batesville Casket name. Accordingly, the results of operations of the funeral services business,
including certain separation costs and other income and expenses assigned to the funeral services
business, have been presented as discontinued operations for all periods presented in the Condensed
Consolidated Statements of Income.
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Contact: Blair A. (Andy) Rieth, Jr., Vice President, Investor Relations, Corporate
Communications & Global Brand Development
Phone: 812-931-2199
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MediaContact: Lauren Green-Caldwell, Director, Corporate Communications & Public Relations
Phone: 812-934-8692
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