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Hillenbrand, Inc. Issues Guidance for Fiscal Year 2009 in Advance of Analyst/Investor Conference

Wednesday, December 3, 2008 General News J E 4
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BATESVILLE, Ind., Dec. 3, 2008 Hillenbrand, Inc.(NYSE: HI) -- Hillenbrand, Inc. has issued fiscal year 2009 guidance inadvance of its Analyst/Investor Conference taking place today in New YorkCity. Kenneth A. Camp, Hillenbrand's president and chief executive officer,will host the conference and also provide details regarding the company's2009-2011 growth strategy.

"Despite the current challenges facing the U.S. economy, we believe we arewell-positioned to again deliver solid results in 2009," said Camp. "Thestrategy we will discuss at this conference will reflect organic growth in thecasket and cremation products business. We will also outline our plan to buildon the company's substantial core competencies and employ our predictable cashflows and strong balance sheet to pursue additional growth initiatives."

Camp, along with Cindy Lucchese, senior vice president and chief financialofficer, and Joe Raver, president and chief operating officer of BatesvilleCasket Company, will present at the conference and be available for questions.

The company will sponsor a live webcast of the three-hour conference, withaudio and accompanying slides, at 9 a.m. ET. To log on, go tohttp://ir.hillenbrandinc.com and choose "Hillenbrand Investor Day" underEvents & Presentations. The full presentation and slides also will be archivedon the company's Web site under Investor Relations.

Guidance for Fiscal Year 2009

In FY09, Hillenbrand expects revenues to increase 2.5 to 4.7 percent overFY08, ranging from $695 million to $710 million, with earnings per dilutedshare ranging from $1.54 to $1.66. Net income is projected to be between $95million and $102 million. Excluding $18.5 million of estimated non-operatinglegal costs related to antitrust litigation, we expect fiscal 2009 earningsper diluted share to range from $1.73 to $1.85. FY09 guidance does not includeany impact from future mergers, acquisitions or partnerships.

*Non-GAAP Financial Disclosures and Reconciliations for Fiscal Year 2008and 2009 Guidance

While Hillenbrand, Inc. reports financial results in accordance with U.S.GAAP, this press release includes non-GAAP measures. These non-GAAP measuresare not in accordance with, nor are they a substitute for, GAAP measures.Hillenbrand, Inc. uses the non-GAAP measures to evaluate and manage itsoperations and provides the information to investors so they can see theresults "through the eyes" of management. Hillenbrand further believes thatproviding this information better enables investors to understand the ongoingoperating performance of the company. Investors should consider non-GAAPmeasures in addition to, not as a substitute for, or as superior to, measuresof financial performance prepared in accordance with GAAP.

Additional assumptions and discussion will be provided during thecompany's Analyst/Investor Conference and webcast to be held later today.

Disclosure Regarding Forward-Looking Statements

Certain statements in this press release contain forward-lookingstatements, within the meaning of the Private Securities Litigation Reform Actof 1995, regarding the company's future plans, objectives, beliefs,expectations, representations and projections. The company has tried, whereverpossible, to identify these forward-looking statements using words such as"intend," "anticipate," "believe," "plan," "encourage," "expect," "may,""goal," "become," "pursue," "estimate," "strategy," "will," "projection,""forecast," "continue," "accelerate," "promise," "increase," "higher,""lower," "reduce," "improve," "expand," "progress," "potential" or thenegative of those terms or other variations of them or by comparableterminology. The absence of such terms, however, does not mean that thestatement is not forward-looking. It is important to note that forward-lookingstatements are not guarantees of future performance, and the company's actualresults could differ materially from those set forth in any forward-lookingstatements. Factors that could cause actual results to differ fromforward-looking statements include but are not limited to: the company'songoing antitrust litigation; the company's dependence on its relationshipswith several large national providers; continued fluctuations in mortalityrates and increased cremations; ongoing involvement in claims, lawsuits andgovernmental proceedings related to operations; failure of the company'sannounced strategic initiatives to achieve expected growth, efficiencies orcost reductions; disruptions in the company's business or other adverseconsequences resulting from the separation of Hillenbrand Industries into twooperating companies; failure of the company to execute its acquisition andbusiness alliance strategy through the consummation and successful integrationof acquisitions or entry into joint ventures or other business alliances;competition from nontraditional sources in the funeral services business;volatility of the company's investment portfolio; increased costs orunavailability of raw materials; labor disruptions; the ability to retainexecutive officers and other key personnel; and certain tax-related matters.For a more in-depth discussion of these and other factors that could causeactual results to differ from those contained in forward-looking statements,see the discussions under the heading "Risk Factors" in the company'sinformation statement filed as Exhibit 99.1 to the company's Current Report onForm 8-K filed with the U.S. Securities and Exchange Commission on March 18,2008, and, when filed, the company's Annual Report on Form 10-K for the yearended Sept. 30, 2008. The company assumes no obligation to update or reviseany forward-looking information.

About Hillenbrand, Inc.

Hillenbrand, Inc. (www.HillenbrandInc.com) is the holding company forBatesville Casket Company, a leader in the North American death care industrythrough the sale of funeral services products, including burial caskets,cremation caskets, containers and urns, selection room display fixturing andother personalization and memorialization products. HI-INC-FSee the table below for a summary of the 2009 guidance: Hillenbrand, Inc. (Amounts in millions, except per share data) Fiscal year ending September 30 FY 09 Range FY 08 Low High Net revenues $678 $695 $710 Income before taxes $153 $149 $157 Tax rate 39.2% 36.0% 35.0% Net income $93 $95 $102 Average diluted shares outstanding 63 62 62 Diluted net income per share $1.49 $1.54 $1.66 Excluding certain non-operating costs (anti-trust litigation and separation*) Net income $108 $107 $114 Diluted net income per share $1.73 $1.73 $1.85

SOURCE Hillenbrand, Inc.
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