Aug. 14 at 8:36 AM
Shares of
$HI +12.63% on Wednesday at
$26.39, after it was reported that the U.S. plastics maker is considering strategic options, which include a possible sale of the company. The company posted adjusted earnings of
$0.51 a share, ahead of the consensus estimate of
$0.50, and revenue of
$599 million, surpassing the
$572.5 million forecast. However, results were down sharply from a year earlier due to the divestiture of the MIME business, lower capital equipment volume in its advanced process solutions segment, and inflationary pressures. Pro forma revenue fell 10% year over year, while adjusted earnings before interest, taxes, depreciation & amortization dropped 28%. The stock is up +33.01% in the past 5 days & +22.06% in the past month. Shares are down -14.26% in 2025 & -21.90% y/y, with a market cap of
$1.86B.
