Hill-Rom Holdings, Inc. reported consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported total revenue of $637.4 million compared to $661.2 million a year ago. Operating profit was $56 million compared to $28.8 million a year ago. Net income attributable to common shareholders was $23.8 million or $0.36 per diluted share compared to $4.8 million or $0.07 per diluted share a year ago. Adjusted income before income taxes was $71.6 million compared to $64 million a year ago. Adjusted diluted EPS was $0.75 compared to $0.68 a year ago. Net cash provided by operating activities was of $71 million compared to $46.2 million a year ago. Capital expenditures and purchases of intangible assets were of $22.4 million compared to $17.7 million a year ago.

For the full-year, Hill-Rom expects revenue to increase approximately 1% on a reported basis (or 2% on a constant currency basis.)  Excluding the impact of completed and potential divestitures (with 2016 annual revenue of approximately $75 million) from both periods, Hill-Rom's core revenue is expected to increase 3% to 4% on a constant currency basis.  In addition, the company continues to expect adjusted earnings of $3.74 to $3.82 per diluted share and $330 to $340 million in operating cash flow (including the outflows associated with ongoing restructuring and integration activities).

For the fiscal second quarter 2017, Hill-Rom expects revenue to increase 2% to 3% on a reported basis (or 3% to 4% on a constant currency basis).  Excluding the impact of completed or potential divestitures from both periods, Hill-Rom's core revenue is expected to increase 4% to 5% on a constant currency basis.  Hill-Rom also expects adjusted earnings per diluted share, excluding special items, of $0.77 to $0.79 per diluted share.