Hill-Rom Holdings FQ1 revenues up 42%, updates guidance

• Hill-Rom Holdings (HRC +2%) FQ1 results: Revenues: $661.2M (+42.2%); R&D Expense: $33.6M (+54.1%); SG&A: $221.2M (+42.6%); Operating Income: $28.8M (+49.2%); Net Income: $4.8M (-60.3%); EPS: $0.07 (-66.7%); Non-GAAP EPS: $0.68 (+38.8%); Quick Assets: $174.4M (-9.5%).
• FQ2 Guidance: Revenue: $645M - 655M; Adjusted EPS: $0.68 - 0.70.
• 2016 Guidance: Revenue: $2.66B - 2.70B; Adjusted EPS: $3.24 - 3.30 from $3.08 - 3.14; CF Ops: ~$315M; CAPEX: ~$110M - 120M.