Hillenbrand (HI) 10-Q 7 Aug 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-33794
Entity Registrant Name	HILLENBRAND, INC.
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	26-1342272
Entity Address, Address Line One	One Batesville Boulevard
Entity Address, City or Town	Batesville,
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47006
City Area Code	812
Local Phone Number	931-5000
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	HI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		70,226,313
Entity Central Index Key	0001417398
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net revenue	$ 786.6	$ 716.6	$ 2,345.2	$ 2,063.2
Cost of goods sold	520.2	469.7	1,577.1	1,382.5
Gross profit	266.4	246.9	768.1	680.7
Operating expenses	174.2	143.6	513.5	421.1
Amortization expense	25.5	19.7	76.7	58.6
Impairment charges	265	0	265	0
Pension settlement charges	26.9	0	35.2	0
Interest expense, net	32.2	15.8	92.8	55.9
(Loss) income from continuing operations before income taxes	(257.4)	67.8	(215.1)	145.1
Income tax (benefit) expense	(10.5)	23.8	3.7	50.2
(Loss) income from continuing operations	(246.9)	44	(218.8)	94.9
Income (loss) from discontinued operations (net of income tax expense (benefit))	0	0.6	(0.3)	20.1
Gain on divestiture of discontinued operations (1)	0	0.4	0	441.3
Total income (loss) from discontinued operations	0	1	(0.3)	461.4
Consolidated net (loss) income	(246.9)	45	(219.1)	556.3
Less: Net income attributable to noncontrolling interests	2	1.7	6.5	4.8
Net (loss) income attributable to Hillenbrand	$ (248.9)	$ 43.3	$ (225.6)	$ 551.5
Basic (loss) earnings per share
(Loss) income from continuing operations attributable to Hillenbrand (in dollars per share)	$ (3.53)	$ 0.60	$ (3.20)	$ 1.29
Income from discontinued operations (in dollars per share)	0	0.02	0	6.62
Net (loss) income attributable to Hillenbrand	(3.53)	0.62	(3.20)	7.91
Diluted (loss) earnings per share
(Loss) income from continuing operations attributable to Hillenbrand (in dollars per share)	(3.53)	0.60	(3.20)	1.29
Income from discontinued operations (in dollars per share)	0	0.02	0	6.59
Diluted (loss) earnings per share	$ (3.53)	$ 0.62	$ (3.20)	$ 7.88
Weighted average shares outstanding (basic)	70.5	70	70.4	69.7
Weighted average shares outstanding (diluted)	70.5	70.3	70.4	70

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Consolidated net (loss) income	$ (246.9)	$ 45	$ (219.1)	$ 556.3
Changes in other comprehensive (loss) income, net of tax:
Currency translation adjustment (1)	(6.7)	(23.8)	8.5	38.6
Pension and postretirement	20.5	(0.3)	26.5	(1.8)
Change in net unrealized gain on derivative instruments	4.8	0	5.7	3.3
Total changes in other comprehensive income (loss), net of tax	18.6	(24.1)	40.7	40.1
Consolidated comprehensive (loss) income	(228.3)	20.9	(178.4)	596.4
Less: Comprehensive income attributable to noncontrolling interests	2.4	1.1	6.4	4.2
Comprehensive income (loss)	$ (230.7)	$ 19.8	$ (184.8)	$ 592.2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Current Assets
Cash and cash equivalents	$ 223.8	$ 242.9
Trade receivables, net	339.7	398.7
Receivables from long-term manufacturing contracts	340.7	260.2
Inventories, net	573.5	592.6
Prepaid expenses and other current assets	159.4	113.2
Total current assets	1,637.1	1,607.6
Property, plant, and equipment, net	328.7	320.7
Operating lease right-of-use assets, net	111.4	111.3
Intangible assets, net	1,291	1,377.1
Goodwill	1,788.3	2,028.1
Other long-term assets	115	102.9
Total Assets	5,271.5	5,547.7
Current Liabilities
Trade accounts payable	444.3	451.5
Liabilities from long-term manufacturing contracts and advances	332.6	388.5
Current portion of long-term debt	19.9	19.7
Accrued compensation	113.7	99.6
Other current liabilities	303.1	331.7
Total current liabilities	1,213.6	1,291
Long-term debt	2,068.9	1,990.4
Accrued pension and postretirement healthcare	100	101.4
Operating lease liabilities	84.6	88.1
Deferred income taxes	269.5	351.2
Other long-term liabilities	93.5	62.7
Total Liabilities	3,830.1	3,884.8
Commitments and contingencies (Note 15)
SHAREHOLDERS’ EQUITY
Common stock, no par value (75.8 and 75.8 shares issued, 70.2 and 69.9 shares outstanding)	0	0
Additional paid-in capital	708.1	709.5
Retained earnings	1,046.6	1,319.6
Treasury stock (5.6 and 5.9 shares, at cost)	(238.9)	(251.7)
Accumulated other comprehensive loss	(106.3)	(147.1)
Hillenbrand Shareholders’ Equity	1,409.5	1,630.3
Noncontrolling interests	31.9	32.6
Total Shareholders’ Equity	1,441.4	1,662.9
Total Liabilities and Shareholders’ Equity	$ 5,271.5	$ 5,547.7

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Common stock, shares issued	75,800,000	75,800,000
Common stock, shares outstanding	70,200,000	69,900,000
Treasury stock, shares	5,600,000	5,900,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities from continuing operations
Consolidated net (loss) income	$ (219.1)	$ 556.3
Adjustments to reconcile income from continuing operations to cash provided by operating activities:
Income (loss) from discontinued operations (net of income tax expense (benefit))	0.3	(461.4)
Depreciation and amortization	118.8	93.1
Deferred income taxes	(73.9)	(19.1)
Amortization of deferred financing costs	4.2	2.7
Share-based compensation	14.9	14
Asset Impairment Charges	265	0
Pension settlement charges	35.2	0
Trade accounts receivable, net and receivables from long-term manufacturing contracts	(19.6)	(44.2)
Inventories, net	18.4	32.5
Prepaid expenses and other current assets	(43.5)	(6.1)
Trade accounts payable	(7.4)	(12.6)
accrued compensation, and other current liabilities	(51.1)	(26.9)
Income taxes payable	(1)	20.6
Accrued pension and postretirement	(4.2)	(4.8)
Other, net	(12.2)	(10.5)
Net cash provided by operating activities from continuing operations	24.8	133.6
Investing activities from continuing operations
Capital expenditures	(41.1)	(46.1)
Proceeds from sales of property, plant, and equipment	3.4	0.8
Acquisition of businesses, net of cash acquired	(0.9)	(626.8)
Proceeds from divestitures, net of cash divested	0	696.7
Payments for (Proceeds from) Other Investing Activities	1.6	(0.4)
Net cash (used in) provided by investing activities from continuing operations	(40.2)	25
Financing activities from continuing operations
Proceeds from issuance of long-term debt	500	200
Repayments on long-term debt	(415)	(105)
Proceeds from revolving credit facilities	682.1	883.5
Repayments on revolving credit facilities	(692.5)	(914.1)
Payment of deferred financing costs	(6.2)	(3.3)
Payments of dividends on common stock	(46.8)	(45.9)
Proceeds from stock option exercises	2.4	19.9
Payments for employee taxes on net settlement equity awards	(6.5)	(12.5)
Other, net	(4.1)	(1.2)
Net cash provided by financing activities from continuing operations	13.4	21.4
Cash (used in) provided by continuing operations	(2)	180
Cash used in discontinued operations:
Operating cash flows	(23.3)	(109.4)
Investing cash flows	0	(7.6)
Total cash used in discontinued operations	(23.3)	(117)
Effect of exchange rates on cash and cash equivalents	(0.3)	(9.3)
Net cash flows	(25.6)	53.7
Cash and cash equivalents:
At beginning of period	250.2	237.6
At end of period	$ 224.6	$ 291.3

Consolidated Statements of Shar

Consolidated Statements of Shareholders Equity Statement - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Balance, shares at Sep. 30, 2022		75.8			6.9
Balance at Sep. 30, 2022	$ 1,108		$ 723.8	$ 812	$ (297.3)	$ (155.6)	$ 25.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total other comprehensive income (loss), net of tax	40.1					40.7	(0.6)
(Loss) income from continuing operations	556.3			551.5			4.8
Common stock, shares issued					(1)
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	7.4		(34.9)		$ 42.3
Share-based compensation	17.4		17.4
Dividends, Common Stock	(47.5)		0.6	(46.5)			(1.6)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	(0.8)						(0.8)
Noncontrolling Interest, Increase from Business Combination	4.6						4.6
Balance at Jun. 30, 2023	$ 1,685.5		706.9	1,317	$ (255)	(114.9)	31.5
Balance, shares at Jun. 30, 2023		75.8			5.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.4400
Balance, shares at Mar. 31, 2023		75.8			6.2
Balance at Mar. 31, 2023	$ 1,666.8		704.7	1,289.2	$ (266.9)	(91.4)	31.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total other comprehensive income (loss), net of tax	(24.1)					(23.5)	(0.6)
(Loss) income from continuing operations	45			43.3			1.7
Common stock, shares issued					(0.3)
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	9		(2.9)		$ 11.9
Share-based compensation	4.9		4.9
Dividends, Common Stock	(15.3)		0.2	(15.5)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	(0.8)						(0.8)
Balance at Jun. 30, 2023	$ 1,685.5		706.9	1,317	$ (255)	(114.9)	31.5
Balance, shares at Jun. 30, 2023		75.8			5.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.2200
Balance, shares at Sep. 30, 2023		75.8			5.9
Balance at Sep. 30, 2023	$ 1,662.9		709.5	1,319.6	$ (251.7)	(147.1)	32.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total other comprehensive income (loss), net of tax	40.7					40.8	(0.1)
(Loss) income from continuing operations	(219.1)			(225.6)			6.5
Common stock, shares issued					(0.3)
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	(4.1)		(16.9)		$ 12.8
Share-based compensation	14.9		14.9
Dividends, Common Stock	(50.9)		0.6	(47.4)			(4.1)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	(3)						(3)
Balance at Jun. 30, 2024	$ 1,441.4		708.1	1,046.6	$ (238.9)	(106.3)	31.9
Balance, shares at Jun. 30, 2024		75.8			5.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.4450
Balance, shares at Mar. 31, 2024		75.8			5.6
Balance at Mar. 31, 2024	$ 1,682.2		704.2	1,311.3	$ (239.9)	(124.5)	31.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total other comprehensive income (loss), net of tax	18.6					18.2	0.4
(Loss) income from continuing operations	(246.9)			(248.9)			2
Common stock, shares issued					0
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	(0.3)		(1.3)		$ 1
Share-based compensation	5		5
Dividends, Common Stock	(17.2)		0.2	(15.8)			(1.6)
Balance at Jun. 30, 2024	$ 1,441.4		$ 708.1	$ 1,046.6	$ (238.9)	$ (106.3)	$ 31.9
Balance, shares at Jun. 30, 2024		75.8			5.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.2225

Background and Basis of Present

Background and Basis of Presentation	9 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Background and Basis of Presentation Hillenbrand, Inc. (the “Company” or “Hillenbrand”) is a global industrial company that provides highly-engineered processing equipment and solutions to customers around the world. Our portfolio is composed of leading industrial brands that serve large, attractive end markets, including durable plastics, food, and recycling. Guided by our Purpose, Shape What Matters for Tomorrow TM , we pursue excellence, collaboration, and innovation to shape solutions that best serve our people, our customers, and our communities. Customers choose Hillenbrand due to our reputation for designing, manufacturing, and servicing highly-engineered, mission-critical equipment and solutions that meet their unique and complex processing requirements. On February 1, 2023, the Company completed the divestiture of its historical Batesville reportable operating segment (“Batesville”) to BL Memorial Partners, LLC, a Delaware limited liability company owned by funds affiliated with LongRange Capital, L.P., for $761.5, including an $11.5 subordinated note. This divestiture represented a strategic shift in Hillenbrand’s business and qualified as a discontinued operation. Accordingly, the operating results and cash flows related to Batesville have been reflected as discontinued operations in the Consolidated Statements of Operations and the Consolidated Statements of Cash Flows for all periods presented. Unless otherwise noted, discussion within the condensed notes to the Consolidated Financial Statements relates to continuing operations only and excludes Batesville. See Note 4 for additional information on this divestiture. The Company is providing, and will continue to provide, certain transition services to Batesville for applicable fees that are not material to the Company’s Consolidated Financial Statements. The transition services vary in duration depending upon the type of service provided. As a result of the divestiture, Hillenbrand is now composed of two reportable operating segments: Advanced Process Solutions and Molding Technology Solutions. Advanced Process Solutions is a leading global provider of highly-engineered process and material handling equipment, systems, and aftermarket parts and services for a variety of industries, including durable plastics, food, and recycling. Molding Technology Solutions is a global leader in highly-engineered equipment, systems, and aftermarket parts and service for the plastic technology processing industry. Molding Technology Solutions has a comprehensive product portfolio that includes injection molding and extrusion equipment, hot runner systems, process control systems, mold bases and components, and maintenance, repair, and operating (“MRO”) supplies. The Consolidated Financial Statements include the accounts of Hillenbrand and its subsidiaries. They also include three subsidiaries where the Company’s ownership percentage is less than 100%. The Company’s fiscal year ends on September 30. Unless otherwise stated, references to years refer to fiscal years. These unaudited Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements and therefore do not include all information required in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”). The unaudited Consolidated Financial Statements have been prepared on the same basis as, and should be read in conjunction with, the audited Consolidated Financial Statements and notes thereto included in the Company’s latest Annual Report on Form 10-K for the year ended September 30, 2023, as filed with the SEC on November 15, 2023. In the opinion of management, these unaudited Consolidated Financial Statements reflect all adjustments necessary to present a fair statement of the Company’s consolidated financial position and the consolidated results of operations and cash flows as of the dates and for the periods presented and are normal and recurring in nature. The interim period results are subject to variation and are not necessarily indicative of the consolidated results of operations to be expected for the full fiscal year. The preparation of the Consolidated Financial Statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of net revenue and expenses during the period. Actual results could differ from those estimates. Examples of such estimates include, but are not limited to, revenue recognition under the over time method, preliminary purchase price allocations, determination of reporting unit and identifiable intangible asset fair value, establishment of reserves related to credit losses, retirement benefits, warranties, income taxes, litigation, and self-insurance.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The significant accounting policies used in preparing the Consolidated Financial Statements are consistent with the accounting policies described in the Company’s Annual Report on Form 10-K as of and for the year ended September 30, 2023. Recently adopted accounting standards In September 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50); Disclosure of Supplier Finance Program Obligations . ASU 2022-04 requires entities that use supplier finance programs to disclose information about the nature and potential magnitude of the programs, activity during the period, and changes from period to period. ASU 2022-04 does not affect the recognition, measurement, or consolidated financial statement presentation of obligations covered by supplier finance programs. The Company adopted ASU 2022-04 effective October 1, 2023. The adoption of ASU 2022-04 did not have a material effect on our Consolidated Financial Statements and related disclosures. See Note 6 for further details. Recently issued accounting standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 requires additional disclosures pertaining to significant expenses and other items of an entity’s reportable operating segments. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 (fiscal 2025). Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-07 on the Consolidated Financial Statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. ASU 2023-09 will be effective for annual periods beginning after December 15, 2024 (fiscal 2026). The Company is currently evaluating the impact of ASU 2023-09 on the Consolidated Financial Statements. No other new accounting pronouncements recently adopted or issued had or are expected to have a material impact on the Consolidated Financial Statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Net revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services and is recognized when performance obligations are satisfied under the terms of contracts with customers. Contract balances The balance in receivables from long-term manufacturing contracts at June 30, 2024 and September 30, 2023, was $340.7 and $260.2, respectively. The change was driven by the impact of net revenue recognized prior to billings to customers. The balance in the liabilities from long-term manufacturing contracts and advances at June 30, 2024 and September 30, 2023, was $332.6 and $388.5, respectively, and consists primarily of cash payments received in advance of satisfying performance obligations. The net revenue recognized for the nine months ended June 30, 2024 and 2023, related to liabilities from long-term manufacturing contracts and advances as of September 30, 2023 and 2022, was $267.0 and $199.7, respectively. During the three and nine months ended June 30, 2024 and 2023, the adjustments related to performance obligations satisfied in previous periods were immaterial. Transaction price allocated to the remaining performance obligations As of June 30, 2024, the aggregate amount of transaction price of remaining performance obligations for the Company, which corresponds to backlog as defined in Part I, Item 2 of this Quarterly Report on Form 10-Q, was $1,974.2. Approximately 85% of these performance obligations are expected to be satisfied over the next twelve months, and the remaining performance obligations, primarily within one to three years. Disaggregation of revenue The following tables present net revenue by end market: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total End market Plastics and recycling $ 261.6 $ — $ 261.6 $ 786.9 $ — $ 786.9 Automotive — 43.8 43.8 — 133.6 133.6 Chemicals 41.7 — 41.7 134.8 — 134.8 Consumer goods — 26.1 26.1 — 77.8 77.8 Food and pharmaceuticals 187.7 — 187.7 545.6 — 545.6 Custom molders — 20.1 20.1 — 69.5 69.5 Packaging — 35.3 35.3 — 99.5 99.5 Construction 13.9 27.8 41.7 45.6 85.4 131.0 Minerals 17.0 — 17.0 58.0 — 58.0 Electronics — 16.8 16.8 — 43.0 43.0 Medical — 16.3 16.3 — 48.7 48.7 Other industrial 47.5 31.0 78.5 126.0 90.8 216.8 Total $ 569.4 $ 217.2 $ 786.6 $ 1,696.9 $ 648.3 $ 2,345.2 Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total End market Plastics and recycling $ 270.1 $ — $ 270.1 $ 759.2 $ — $ 759.2 Automotive — 56.6 56.6 — 158.3 158.3 Chemicals 29.0 — 29.0 85.8 — 85.8 Consumer goods — 33.5 33.5 — 100.9 100.9 Food and pharmaceuticals 117.8 — 117.8 320.2 — 320.2 Custom molders — 24.5 24.5 — 81.8 81.8 Packaging — 32.4 32.4 — 98.4 98.4 Construction — 31.6 31.6 — 101.4 101.4 Minerals 15.3 — 15.3 47.8 — 47.8 Electronics — 23.4 23.4 — 59.0 59.0 Medical — 17.2 17.2 — 48.9 48.9 Other industrial 32.5 32.7 65.2 95.0 106.5 201.5 Total $ 464.7 $ 251.9 $ 716.6 $ 1,308.0 $ 755.2 $ 2,063.2 The following tables present net revenue by geography: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Geography (1) Americas $ 275.4 $ 115.7 $ 391.1 $ 797.5 $ 353.1 $ 1,150.6 Asia 128.4 64.9 193.3 408.8 188.0 596.8 Europe, the Middle East, and Africa 165.6 36.6 202.2 490.6 107.2 597.8 Total $ 569.4 $ 217.2 $ 786.6 $ 1,696.9 $ 648.3 $ 2,345.2 Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Geography (1) Americas $ 164.6 $ 146.1 $ 310.7 $ 462.1 $ 439.4 $ 901.5 Asia 153.8 67.8 221.6 444.8 201.3 646.1 Europe, the Middle East, and Africa 146.3 38.0 184.3 401.1 114.5 515.6 Total $ 464.7 $ 251.9 $ 716.6 $ 1,308.0 $ 755.2 $ 2,063.2 (1) The Company attributes net revenue to a geography based upon the location of the end customer. The following tables present net revenue by products and services: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Products and services Equipment $ 385.1 $ 127.2 $ 512.3 $ 1,142.4 $ 391.4 $ 1,533.8 Parts and services 184.3 76.0 260.3 554.5 212.6 767.1 Other — 14.0 14.0 — 44.3 44.3 Total $ 569.4 $ 217.2 $ 786.6 $ 1,696.9 $ 648.3 $ 2,345.2 Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Products and services Equipment $ 341.8 $ 164.2 $ 506.0 $ 952.6 $ 499.5 $ 1,452.1 Parts and services 122.9 71.9 194.8 355.4 207.3 562.7 Other — 15.8 15.8 — 48.4 48.4 Total $ 464.7 $ 251.9 $ 716.6 $ 1,308.0 $ 755.2 $ 2,063.2 The following tables present net revenue by timing of transfer: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Timing of transfer Point in time $ 267.2 $ 203.8 $ 471.0 $ 826.9 $ 595.5 $ 1,422.4 Over time 302.2 13.4 315.6 870.0 52.8 922.8 Total $ 569.4 $ 217.2 $ 786.6 $ 1,696.9 $ 648.3 $ 2,345.2 Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Timing of transfer Point in time $ 250.2 $ 223.4 $ 473.6 $ 692.0 $ 679.5 $ 1,371.5 Over time 214.5 28.5 243.0 616.0 75.7 691.7 Total $ 464.7 $ 251.9 $ 716.6 $ 1,308.0 $ 755.2 $ 2,063.2

Divestitures

Divestitures	9 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestiture As previously described, on February 1, 2023, the Company completed the divestiture of Batesville to BL Memorial Partners, LLC, a Delaware limited liability company owned by funds affiliated with LongRange Capital, L.P., for $761.5, including an $11.5 subordinated note. At closing, after the applicable adjustments, the Company received $698.0 in pre-tax cash proceeds, including an adjustment for cash on hand acquired from the Company, and the previously mentioned subordinated note. Certain indirect corporate costs included within operating expenses in the Consolidated Statements of Operations that were previously allocated to Batesville do not qualify for classification within discontinued operations and are now reported as operating expenses in continuing operations within corporate expenses. In addition, costs directly attributable to the Batesville reportable operating segment divestiture have been reflected in discontinued operations. As a result, income before income taxes of the historical Batesville reportable operating segment decreased $17.5 for the nine months ended June 30, 2023, from amounts previously reported. Discontinued operations Components of amounts reflected in the Consolidated Statements of Operations related to discontinued operations are presented in the table, as follows: Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Net revenue $ — $ — $ — $ 213.7 Cost of goods sold — — — 142.2 Gross profit — — — 71.5 Operating (income) expenses — (0.4) 0.3 43.6 Income (loss) from discontinued operations before income taxes — 0.4 (0.3) 27.9 Income tax (benefit) expense — (0.2) — 7.8 Income (loss) from discontinued operations (net of income tax (benefit) expense) — 0.6 (0.3) 20.1 Gain on divestiture of discontinued operations (1) — 0.4 — 441.3 Total income (loss) from discontinued operations $ — $ 1.0 $ (0.3) $ 461.4 (1) Net of income tax benefit of $0.4 during the three months ended June 30, 2023, and net of income tax expense of $144.7 during the nine months ended June 30, 2023.

Acquisitions

Acquisitions	9 Months Ended
	Jun. 30, 2024
Business Combinations [Abstract]
Acquisitions	Acquisitions Acquisition of Schenck Process Food and Performance Materials Business On September 1, 2023, the Company completed its acquisition of Schenck Process Food and Performance Materials (“FPM”) for $763.3, including cash acquired, which consisted of $748.7 in consideration paid at the acquisition date, plus contingent consideration of $14.6. The contingent consideration of $14.6 reflects the estimated fair value, as of the date of acquisition, of contingent future cash payments based on the value of certain research and development tax credits that were generated by FPM prior to the acquisition date. The value of these credits, and therefore the payment of the contingent consideration, is subject to audit by the tax authorities and to the closing of the statute of limitations for the year in which the tax credits are fully utilized, the timing of which is not able to be determined at this time, but we expect to extend several years. We estimated the fair value based on a third-party evaluation of the research and development tax credits completed during the nine months ended June 30, 2024 and do not expect the amount to exceed $14.6. The purchase price is also subject to certain customary post-closing adjustments. The Company used available borrowings under its multi-currency revolving credit facility (the “Facility”) to fund the cash consideration portion of this acquisition. Headquartered in Kansas City, Missouri, FPM specializes in the design, manufacturing, and service of feeding, filtration, baking, and material handling technologies and systems that are highly complementary to the equipment and solutions offered in our Advanced Process Solutions reportable operating segment. The results of FPM since the date of the acquisition are included in the Advanced Process Solutions reportable operating segment. As of August 1, 2024, the Schenck Process Food and Performance Materials business has been rebranded under Hillenbrand’s existing Coperion brand. Preliminary purchase price allocation and other items The Company used the services of an independent valuation consultant, along with estimates and assumptions determined by management, to estimate the fair value of the assets acquired and liabilities assumed. The preliminary allocation of the purchase price was based on an evaluation of the appropriate fair values and represents management’s best estimate based on available data. The purchase price allocation of the assets acquired and liabilities assumed is preliminary until the contractual post-closing adjustments are finalized, and the measurement period allowed for under Accounting Standards Codification (“ASC”), Business Combinations (“ASC 805”) has closed. The final determination of the fair value of assets acquired and liabilities assumed will be completed within the one-year measurement period as allowed by ASC 805. Changes during the measurement period could be material. Based on current fair value estimates, the preliminary purchase price for FPM has been allocated to individual assets acquired and liabilities assumed as of the acquisition date: September 1, 2023 (as initially reported) Measurement Period Adjustments September 1, 2023 Assets acquired: Cash and cash equivalents $ 17.3 $ — $ 17.3 Trade receivables 65.2 (1.6) 63.6 Receivables from long-term manufacturing contracts 22.4 — 22.4 Inventories 64.8 (3.7) 61.1 Prepaid expenses and other current assets 10.3 (0.3) 10.0 Property, plant, and equipment 27.3 14.6 41.9 Operating lease right-of-use assets 11.0 3.1 14.1 Intangible assets 338.0 2.0 340.0 Goodwill 476.5 (10.8) 465.7 Other non-current assets 2.7 4.2 6.9 Total assets acquired 1,035.5 7.5 1,043.0 Liabilities assumed: Trade accounts payable 59.4 (2.3) 57.1 Liabilities from long-term manufacturing contracts 86.6 0.3 86.9 Accrued compensation 13.5 — 13.5 Other current liabilities 45.7 3.6 49.3 Operating lease liabilities 9.5 — 9.5 Deferred income taxes 69.0 (12.0) 57.0 Other non-current liabilities 3.1 3.3 6.4 Total liabilities assumed 286.8 (7.1) 279.7 Net assets acquired $ 748.7 $ 14.6 $ 763.3 Measurement period adjustments The preliminary purchase price allocation was based upon a preliminary valuation, and the Company’s estimates and assumptions are subject to change within the measurement period (defined as one year following the acquisition date). As a result of further refining its estimates and assumptions since the date of the acquisition, the Company recorded measurement period adjustments to the initial opening balance sheet as shown in the table above. Adjustments were primarily made to property, plant, and equipment, deferred income taxes, goodwill, other non-current assets, inventories, other current liabilities, and other non-current liabilities. There were no measurement period adjustments materially impacting earnings that would have been recorded in previous reporting periods if the adjustments had been recognized as of the acquisition date. Intangible assets identified The preliminary purchase price allocation included $340.0 of acquired identifiable intangible assets. Intangible assets consist of FPM’s technology, Baker Perkins trade name, and customer relationships and will be amortized on a straight-line basis over the respective estimated periods for which the intangible assets will provide economic benefit to the Company. The determination of the useful lives is based upon various industry studies, historical acquisition experience, degree of stability in the current FPM customer base, economic factors, and expected future cash flows of the Company following the acquisition of FPM. The technology and Baker Perkins trade name were valued using the relief-from-royalty method of the income approach. Customer relationships were valued using the multi-period excess earnings method of the income approach. Significant assumptions used in the valuations included FPM’s future cash flow projections, which were based on estimates used to price the FPM acquisition, discount rates that were benchmarked with reference to the implied rate of return to the Company’s pricing model, and the applicable weighted-average cost of capital (12%). The preliminary amounts allocated to intangible assets are as follows: Gross Carrying Amount Weighted-Average Useful Life Customer relationships $ 285.0 15 years Technology 49.0 12 years Trade name 5.0 5 years Other 1.0 6 years Total intangible assets $ 340.0 Goodwill was calculated as the excess of the consideration transferred over the net assets recognized and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The factors contributing to the recognition of goodwill were based on strategic benefits that are expected to be realized from the acquisition. None of the goodwill is expected to be deductible for income tax purposes. The working capital assets and liabilities, as well as the property, plant, and equipment acquired, were valued using Level 2 inputs, which included data points that are observable, such as definitive sales agreements, appraisals or established market values of comparable assets (market approach). Identifiable intangible assets were valued using Level 3 inputs, which are unobservable by nature, and included internal estimates of future cash flows (income approach). Significant increases (decreases) in any of those unobservable inputs in isolation would result in a significantly lower (higher) fair value measurement. Management used a third-party valuation firm to assist in the determination of the preliminary purchase accounting fair values, specifically those considered Level 3 measurements. Management oversees the third-party valuation firm to ensure that the transaction-specific assumptions are appropriate for the Company. Impact on results of operations The results of FPM’s operations have been included in Hillenbrand’s Consolidated Financial Statements since the September 1, 2023, acquisition date. The following table provides the results of operations for FPM included in Hillenbrand’s Consolidated Statement of Operations: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Net revenue $ 136.7 $ 408.7 Income from continuing operations before income taxes 14.4 41.2 During the nine months ended June 30, 2024, the Company incurred $0.4 in acquisition expenses related to the FPM acquisition, which are included in operating expenses in the Consolidated Statement of Operations. Acquisition of Peerless Food Equipment On December 1, 2022, the Company completed the acquisition of the Peerless Food Equipment division (“Peerless”) of Illinois Tool Works Inc. for a purchase price of $59.2, net of certain customary post-closing adjustments and including cash acquired, using available borrowings under the Facility. Headquartered in Sidney, Ohio, Peerless is a premier supplier of industrial food processing equipment. The acquisition of Peerless increased the Company's scale in the food end market, and combining Peerless’ highly complementary equipment and solutions with existing Advanced Process Solutions reportable operating segment technologies now allows the Company to deliver more comprehensive solutions to its customers. The purchase price allocation was finalized during the three months ended December 31, 2023. The results of Peerless since the date of acquisition are included in the Advanced Process Solutions reportable operating segment. Acquisition of LINXIS Group SAS On October 6, 2022, the Company completed the acquisition of LINXIS Group SAS (“Linxis”) from IBERIS INTERNATIONAL S.À R.L, an affiliate of IK Partners, and additional sellers (collectively, the “Sellers”). As a result of the acquisition, the Company acquired from the Sellers all of the issued and outstanding securities of Linxis, and Linxis became a wholly owned subsidiary of the Company for total aggregate consideration of $590.8 (€596.2) in cash, reflecting an approximate enterprise value of $566.8 (€572.0) plus cash acquired at closing. The Company used available borrowings under the Facility to fund this acquisition. Linxis has six market-leading brands – Bakon, Diosna, Shaffer, Shick Esteve, Unifiller, and VMI – that serve customers in over one hundred countries. With a global manufacturing, sales and service footprint, Linxis specializes in the design, manufacturing, and service of dosing, kneading, mixing, granulating, drying, and coating technologies. The purchase price allocation was finalized during the year ended September 30, 2023. The results of Linxis since the date of acquisition are included in the Advanced Process Solutions reportable operating segment. Supplemental Pro Forma Information The supplemental pro forma financial information presented below for the historical period is for illustrative purposes only and is not necessarily indicative of the financial position or results of operations that would have been realized if the FPM acquisition had been completed on the date indicated, do not reflect synergies that might have been achieved, and are not indicative of future results of operations or financial position. The pro forma adjustments are based upon currently available information and certain assumptions that Hillenbrand believes are reasonable under the circumstances. The supplemental pro forma financial information reflects pro forma adjustments to present the combined pro forma results of operations as if the acquisition of FPM had occurred on October 1, 2022, to give effect to certain events that Hillenbrand believes to be directly attributable to the acquisitions. These pro forma adjustments primarily include: • an increase to depreciation and amortization expense that would have been recognized due to acquired tangible and intangible assets; • an adjustment to remove business acquisition and integration costs and inventory step-up costs during the three and nine months ended June 30, 2023, as these costs are non-recurring in nature and would not have a continuing effect on Hillenbrand’s results of operations; and • the related income tax effects of the adjustments noted above. The supplemental pro forma financial information for the historical period presented is as follows: Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Net revenue $ 847.7 $ 2,483.1 Income from continuing operations attributable to Hillenbrand 39.6 80.1 Income from continuing operations attributable to Hillenbrand — per share of common stock: Basic earnings per share from continuing operations $ 0.57 $ 1.15 Diluted earnings per share from continuing operations $ 0.56 $ 1.15

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	9 Months Ended
	Jun. 30, 2024
Balance Sheet Related Disclosures [Abstract]
Supplemental Balance Sheet Information	Supplemental Consolidated Balance Sheet Information June 30, September 30, Allowance for credit losses $ 10.8 $ 10.1 Warranty reserves $ 43.6 $ 35.8 Accumulated depreciation on property, plant, and equipment $ 263.5 $ 226.7 Inventories, net: Raw materials and components $ 270.5 $ 285.2 Work in process 140.5 135.0 Finished goods 162.5 172.4 Total inventories, net $ 573.5 $ 592.6 Other current liabilities: Income tax payable $ 39.7 $ 72.8 Other current liabilities 263.4 258.9 Total other current liabilities $ 303.1 $ 331.7 The following table provides a reconciliation of cash and cash equivalents and restricted cash, reported within the Consolidated Balance Sheets that sum to the total of the same amounts shown in the Consolidated Statements of Cash Flows: June 30, 2024 June 30, 2023 Cash and cash equivalents $ 223.8 $ 290.5 Short-term restricted cash included in other current assets 0.8 0.8 Total cash and cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows $ 224.6 $ 291.3 Supplier Finance Program The Company has agreements with third-party financial institutions to facilitate supply chain finance (“SCF”) programs. The SCF programs allow qualifying suppliers to sell their receivables, on an invoice level at the selection of the supplier, from the Company to the financial institutions and negotiate their outstanding receivable arrangements and associated fees directly with the financial institutions. Hillenbrand is not party to the agreements between the supplier and the financial institutions. The supplier invoices that have been confirmed as valid under the SCF programs require payment in full by the financial institutions to the supplier by the original maturity date of the invoice, or discounted payment at an earlier date as agreed upon with the supplier. The Company’s obligations to its suppliers, including amounts due and scheduled payment terms, are not impacted by a supplier’s participation in the SCF programs. All outstanding amounts related to suppliers participating in the SCF programs are recorded upon confirmation with the third-party financial institutions in trade accounts payable in the Consolidated Balance Sheets, and associated payments are included in cash used in operating activities in the Consolidated Statements of Cash Flows. The Company’s outstanding obligations included in trade accounts payable as of June 30, 2024 and September 30, 2023, were $27.4 and $29.1, respectively. Trade Receivables Financing During the nine months ended June 30, 2024, the Company executed an amendment of its trade receivables financing arrangement (as amended, the “Amended Arrangement”) with a financial institution. In accordance with ASC 869, Transfers and Servicing , this Amended Arrangement is deemed a true sale, as the Company retains no rights or interest and has no obligations with respect to the trade receivables. The Company had proceeds from the sale of trade receivables under the Amended Arrangement of $70.0 and $197.7, respectively, for the three and nine months ended June 30, 2024 ($0.0 for the three and nine months ended June 30, 2023). As of June 30, 2024 and September 30, 2023, trade receivables in the amount of $32.1

Leases

Leases	9 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases For the three and nine months ended June 30, 2024 and 2023, the Company recognized $7.7 and $24.3, and $5.6 and $20.8 of operating lease expense, respectively, including short-term lease expense and variable lease costs, which were immaterial in all periods. The Company’s finance leases were insignificant as of June 30, 2024 and September 30, 2023. The following table presents supplemental Consolidated Balance Sheet information related to the Company’s operating leases: June 30, 2024 September 30, 2023 Operating lease right-of-use assets, net $ 111.4 $ 111.3 Other current liabilities 20.3 18.6 Operating lease liabilities 84.6 88.1 Total operating lease liabilities $ 104.9 $ 106.7 Weighted-average remaining lease term (in years) 6.4 7.1 Weighted-average discount rate 4.1 % 3.8 % As of June 30, 2024, the maturities of the Company’s operating lease liabilities were as follows: 2024 (excluding the nine months ended June 30, 2024) $ 6.4 2025 23.6 2026 19.6 2027 16.3 2028 14.1 Thereafter 38.0 Total lease payments 118.0 Less: imputed interest (13.1) Total present value of lease payments $ 104.9 Supplemental Consolidated Statements of Cash Flow information related to the Company’s operating leases is as follows: Nine Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of operating lease liabilities $ 19.9 $ 17.9 Operating lease right-of-use assets, net obtained in exchange for new operating lease liabilities 12.8 10.4 Operating leases acquired in acquisitions 3.1 15.3

Intangible Assets and Goodwill

Intangible Assets and Goodwill	9 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Impairment assessment Impairment recorded during the period Testing for impairment of goodwill and indefinite-lived intangible assets must be performed annually, or on an interim basis upon the occurrence of triggering events or substantive changes in circumstances that indicate that the fair value of the indefinite-lived intangible asset or reporting unit may have decreased below the carrying value. The Company’s annual goodwill and indefinite-lived intangible asset assessment is performed on July 1 at the indefinite-lived intangible asset and reporting unit level, which consists of determining each indefinite-lived intangible asset or reporting unit’s current fair value compared to its current carrying value. In connection with the preparation of the Consolidated Financial Statements for the three months ended June 30, 2024, an interim impairment assessment was performed for select indefinite-lived intangible assets, specifically trade names, and select reporting units within the Molding Technology Solutions reportable operating segment as a result of certain triggering events and changes in circumstances discussed in detail below. Additionally, based on macroeconomic factors discussed below, and a decline in the Company’s common stock price during the three months ended June 30, 2024, the Company performed a qualitative review for all of the Company’s other indefinite-lived intangible assets and reporting units and determined that those indefinite-lived intangible assets and reporting units did not require an interim impairment test, as it was more likely than not that the current fair value of those indefinite-lived intangible assets and reporting units exceeded their carrying values, based on their current and projected financial performance as well as the headroom from the previous annual goodwill and indefinite-lived intangible asset impairment assessment. For the select indefinite-lived intangible assets and reporting units within the Molding Technology Solutions reportable operating segment, an interim impairment assessment was triggered by recent macroeconomic conditions including a high interest rate and inflationary cost environment, and changing market fundamentals, coupled with recent business performance and a decrease in the Company’s market capitalization, primarily relating to a decrease in common stock price. As a result of these indicators, during the three months ended June 30, 2024, management developed a new five-year operating plan for the select reporting units within the Molding Technology Solutions reportable operating segment, which established a revised downward outlook for net revenue, gross profit, and operating cash flows. As a result of the change to expected future cash flows and current comparable market information used in the market approach for estimating the fair value of a certain reporting unit, the Company concluded that the carrying value for that reporting unit exceeded its fair value, resulting in a goodwill impairment charge of $238.0 during the three and nine months ended June 30, 2024. The pre-impairment goodwill balance for this reporting unit was $417.0. In the event of a 10% further reduction in the fair value of this reporting unit, a potential additional goodwill impairment of $63.0 could result. Additionally, under the relief-from-royalty fair value method, the Company concluded that the carrying value of a trade name exceeded its fair value associated with that same reporting unit. As a result, an impairment charge of $27.0 was recorded for this trade name during the three and nine months ended June 30, 2024. The pre-impairment balance for this trade name was $88.6. In the event of a 10% further reduction in the fair value of this trade name, a potential additional trade name impairment of $6.2 could result. The goodwill and indefinite-lived intangible asset impairment charges are nondeductible for tax purposes. The valuation used to test goodwill and indefinite-lived intangible assets for impairment is dependent upon a number of significant estimates and assumptions, including macroeconomic conditions, growth rates, competitive activities, cost containment, achievement of synergy initiatives, margin expansion, and the Company’s business plans. The Company believes these estimates and assumptions are reasonable. However, future changes in the judgments, assumptions, and estimates that are used in the impairment testing for goodwill and indefinite-lived assets, including discount and tax rates or future cash flow projections, could result in significantly different estimates of the fair values. As a result of these factors and other factors discussed above, and the limited cushion (or headroom as commonly referred) due to the acquisition of Milacron in fiscal 2020, goodwill and indefinite-lived assets for the reporting units within the Molding Technology Solutions reportable operating segment are more susceptible to impairment risk. The estimated fair value, as calculated during the interim impairment assessment during the three months ended June 30, 2024, for all the reporting units within the Molding Technology Solutions reportable operating segment ranged from approximately 0% to 6% greater than their carrying value (versus 10% to 25% at the previous annual goodwill impairment assessment date). The estimated fair value, as calculated during the interim impairment assessment during the three months ended June 30, 2024, for the indefinite-lived intangible assets within the Molding Technology Solutions reportable operating segment were less than 5% greater than their carrying value (versus 11% at the previous annual indefinite-lived intangible asset assessment date). The Company is required to provide additional disclosures about fair value measurements as part of the Consolidated Financial Statements for each major category of assets and liabilities measured at fair value on a non-recurring basis (including impairment assessments). Goodwill and indefinite-lived intangible assets were valued using Level 3 inputs, which are unobservable by nature, and included internal estimates of future cash flows (income approach). Significant increases (decreases) in any of those unobservable inputs in isolation would result in a significantly higher (lower) fair value measurement. The most significant assumptions used in the determination of the estimated fair value of the indefinite-lived intangible assets and reporting units are the revenue and EBITDA growth rates (including terminal growth rates) and the discount rate. The terminal growth rate represents the rate at which the reporting unit is expected to grow beyond the shorter-term business planning period. The terminal growth rate utilized in the Company’s fair value estimate is consistent with the reporting unit operating plans and approximates expected long-term category market growth rates and inflation. The discount rate, which is consistent with a weighted-average cost of capital that is likely to be expected by a market participant, is based upon industry required rates of return, including consideration of both debt and equity components of the capital structure. The discount rates may be impacted by adverse changes in the macroeconomic environment, volatility in the equity and debt markets, or other factors. While the Company can implement and has implemented certain strategies to address the events that triggered the interim impairment assessment, future changes in operating plans or other adverse changes could result in a further decline in fair value that would trigger a future material impairment charge of the reporting unit’s goodwill balance or indefinite-lived intangible assets. Intangible Assets Intangible assets are stated at the lower of cost or fair value. Intangible assets are amortized on a straight-line basis over periods ranging from three The following table summarizes the carrying amounts and related accumulated amortization for intangible assets as of: June 30, 2024 September 30, 2023 Cost Accumulated Cost Accumulated Finite-lived assets: Customer relationships $ 1,291.1 $ (350.5) $ 1,290.2 $ (291.4) Technology, including patents 190.3 (95.2) 192.3 (83.1) Software 55.0 (37.0) 41.7 (31.7) Trade names 51.1 (8.9) 41.9 (4.2) 1,587.5 (491.6) 1,566.1 (410.4) Indefinite-lived assets: Trade names 195.1 — 221.4 — Total $ 1,782.6 $ (491.6) $ 1,787.5 $ (410.4) Finite-lived intangible assets, net, of $698.9 and $740.0 are included in the Advanced Process Solutions reportable operating segment at June 30, 2024 and September 30, 2023, respectively. Indefinite-lived intangible assets of $110.0 and $109.3 are included in the Advanced Process Solutions reportable operating segment at June 30, 2024 and September 30, 2023, respectively. The net change in intangible assets in the Advanced Process Solutions reportable operating segment during the nine months ended June 30, 2024 was driven primarily by acquisition measurement period adjustments, amortization, and foreign currency adjustments. Finite-lived intangible assets, net, of $389.8 and $412.9 are included in the Molding Technology Solutions reportable operating segment at June 30, 2024 and September 30, 2023, respectively. Indefinite-lived intangible assets of $85.1 and $112.1 are included in the Molding Technology Solutions reportable operating segment at June 30, 2024 and September 30, 2023, respectively. The net change in intangible assets in the Molding Technology Solutions reportable operating segment during the nine months ended June 30, 2024, was driven primarily by an impairment charge of $27.0 as discussed previously, amortization, and foreign currency adjustments. Goodwill Goodwill is not amortized but is subject to an annual impairment assessment. Goodwill has been assigned to reporting units within the reportable operating segments. The Company assesses the carrying value of goodwill annually, or more often if events or changes in circumstances indicate there may be impairment. Impairment testing is performed at a reporting unit level. The following table summarizes the changes in the Company’s goodwill, by reportable operating segment, for the nine months ended June 30, 2024: Advanced Process Solutions Molding Technology Solutions Total Balance as of September 30, 2023 $ 1,394.9 $ 633.2 $ 2,028.1 Acquisition measurement period adjustments (10.5) — (10.5) Impairment charge — (238.0) (238.0) Foreign currency adjustments 6.9 1.8 8.7 Balance as of June 30, 2024 $ 1,391.3 $ 397.0 $ 1,788.3

Financing Agreements

Financing Agreements	9 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Financing Agreements	Financing Agreements The following table summarizes Hillenbrand’s current and long-term debt as of: June 30, September 30, $1,000 revolving credit facility (excluding outstanding letters of credit) $ 498.6 $ 505.1 $200 term loan 185.0 192.5 €185 term loan 190.4 195.0 $500 senior unsecured notes (1) 494.4 — $400 senior unsecured notes (2) — 398.0 $375 senior unsecured notes (3) 373.4 372.9 $350 senior unsecured notes (4) 347.0 346.6 Total debt 2,088.8 2,010.1 Less: current portion 19.9 19.7 Total long-term debt $ 2,068.9 $ 1,990.4 (1) Includes unamortized debt issuance costs of $5.6 at June 30, 2024. (2) Includes unamortized debt issuance costs of $2.0 at September 30, 2023. (3) Includes unamortized debt issuance costs of $1.4 and $1.8 at June 30, 2024 and September 30, 2023, respectively. (4) Includes unamortized debt issuance costs of $3.0 and $3.4 at June 30, 2024 and September 30, 2023, respectively. Repayment of $400 senior unsecured notes On June 16, 2020, the Company issued $400.0 of senior unsecured notes due June 2025 (the “2020 Notes”). During the three months ended June 30, 2024, the 2020 Notes were repaid in full by the Company, using a portion of the net proceeds from the 2024 Notes, as defined below, and the remaining issuance costs of $1.1 associated with the 2020 Notes were written off to interest expense in the Consolidated Statement of Operations. $500 senior unsecured notes On February 14, 2024, the Company issued $500.0 of senior unsecured notes due February 2029 (the “2024 Notes”). The 2024 Notes were issued at par value and bear interest at a fixed rate of 6.25% per year, payable semi-annually in arrears beginning August 2024. Deferred financing costs associated with the 2024 Notes of $6.2 are being amortized to interest expense on a straight-line basis (which approximates the effective interest method) over the term of the 2024 Notes. The 2024 Notes are unsecured unsubordinated obligations of the Company and rank equally in right of payment with all other existing and future unsubordinated obligations. Subject to certain limitations, in the event of a change of control repurchase event (as defined in the 2024 Notes Indenture), the Company will be required to make an offer to purchase the 2024 Notes at a price equal to 101% of the principal amount of the 2024 Notes, plus any accrued and unpaid interest to, but excluding, the date of repurchase. The Company may redeem the 2024 Notes at any time in whole, or from time to time in part, prior to February 15, 2026, at its option at the “make-whole” redemption price, as described in the 2024 Notes. The Company may also redeem the 2024 Notes at any time in whole, or from time to time in part, on or after February 15 of the relevant year listed, as follows: 2026 at a redemption price of 103.125%; 2027 at a redemption price of 101.5625%; and 2028 and thereafter at a redemption price of 100.000%. At any time prior to February 15, 2026, the Company may redeem up to 40% of the aggregate principal amount of the 2024 Notes with the proceeds of one or more Equity Offerings (as defined in the 2024 Notes Indenture) at a redemption price of 106.250% of the principal amount of the 2024 Notes being redeemed. In each of the above cases, the Company will also pay any accrued and unpaid interest to, but excluding, the applicable redemption date. Other borrowing activity As of June 30, 2024, the Company had $18.7 in outstanding letters of credit issued and $482.7 of borrowing capacity under the Facility, of which $455.7 was immediately available based on the Company’s most restrictive covenant. The weighted-average interest rates on borrowings under the Facility were 5.55% and 5.84% for the three and nine months ended June 30, 2024, respectively, and 4.45% and 2.55% for the three and nine months ended June 30, 2023, respectively. The weighted average facility fee on the Facility was 0.24% and 0.22% for the three and nine months ended June 30, 2024, respectively, and 0.19% and 0.17% for the three and nine months ended June 30, 2023, respectively. The weighted-average interest rate on the $200 term loan was 7.34% and 7.17% for the three and nine months ended June 30, 2024, respectively, and 6.52% and 6.12% for the three and nine months ended June 30, 2023, respectively. The weighted-average interest rate on the €185 term loan was 5.72% and 5.64% for the three and nine months ended June 30, 2024, respectively. There were no borrowings on the €185 term loan for the three and nine months ended June 30, 2023. Remaining unamortized deferred financing costs related to the Facility, $200 term loan and €185 term loan were $5.2 and $6.0, in aggregate, as of June 30, 2024, and September 30, 2023, respectively, and are being amortized to interest expense over the remaining term of these agreements. In the normal course of business, the Company provides, primarily to certain customers, bank guarantees and other credit arrangements in support of performance, warranty, advance payment, and other contractual obligations. This form of trade finance is customary in the industry and, as a result, the Company maintains adequate capacity to provide the guarantees. As of June 30, 2024 and September 30, 2023, the Company had credit arrangements totaling $572.0 and $587.9, respectively, under which $379.3 and $326.9, respectively, were used for guarantees. These arrangements include the Company’s Syndicated L/G Facility Agreement (“L/G Facility”) and other ancillary credit facilities. Remaining unamortized deferred financing costs related to the L/G Facility were $1.4 and $1.6 as of June 30, 2024 and September 30, 2023, respectively, and are being amortized to interest expense over the remaining term of the agreement. As of June 30, 2024, Hillenbrand was in compliance with all covenants contained in the foregoing agreements and credit instruments, and there were no events of default.

Retirement Benefits

Retirement Benefits	9 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits Defined Benefit Plans Components of net periodic pension cost (benefit) included in the Consolidated Statements of Operations were as follows: U.S. Pension Benefits Non-U.S. Pension Benefits Three Months Ended June 30, Three Months Ended June 30, 2024 2023 2024 2023 Service costs $ — $ — $ 0.5 $ 0.4 Interest costs 2.3 2.7 1.1 1.2 Expected return on plan assets (2.8) (3.4) (0.4) (0.3) Amortization of net loss (gain) 0.1 0.1 (0.2) (0.3) Settlement charge 26.9 — — — Net periodic pension cost (benefit) $ 26.5 $ (0.6) $ 1.0 $ 1.0 U.S. Pension Benefits Non-U.S. Pension Benefits Nine Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Service costs $ — $ — $ 1.5 $ 1.4 Interest costs 7.0 8.3 3.3 3.1 Expected return on plan assets (8.3) (10.2) (1.2) (0.8) Amortization of net loss (gain) 0.2 0.3 (0.5) (0.7) Settlement charges 35.2 — — — Net periodic pension cost (benefit) $ 34.1 $ (1.6) $ 3.1 $ 3.0 On July 18, 2023, we announced an offer to provide former employees who are participants in the Company’s U.S. defined benefit pension plan (the “Plan”) the opportunity to elect a lump sum distribution of their earned Plan benefits. The Plan’s fiduciaries made lump sum payments to electing eligible participants in December 2023, funded by the existing assets in the Plan. In April 2024, the remaining assets of the Plan were used to purchase annuities to support the remaining obligation, resulting in the termination and liquidation of the Plan. As a result, during the three months ended June 30, 2024, the Company recorded a non-cash settlement pre-tax charge of $26.9 related to the termination and liquidation of the Plan. During the nine months ended June 30, 2024, the Company recorded a non-cash settlement pre-tax charges of $35.2, related to the termination and liquidation of the Plan, as well as to the lump sum payments made in December 2023. Defined Contribution Plans Expenses related to the Company’s defined contribution plans were $2.7 and $8.1 for the three and nine months ended June 30, 2024, respectively, and $2.7 and $8.1 for the three and nine months ended June 30, 2023, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rates for the three months ended June 30, 2024 and 2023 were 4.1% and 35.1%, respectively. The decrease in the effective tax rate was primarily driven by the negative effect of the loss from continuing operations before income taxes, primarily driven by the impairment charges in the current year, and a decrease in the tax accrual on unrepatriated earnings. The effective tax rates for the nine months ended June 30, 2024 and 2023 were (1.7%) and 34.6%, respectively. The decrease in the effective tax rate was primarily driven by the negative effect of the loss from continuing operations before income taxes, primarily driven by the impairment charges in the current year, a decrease in the tax accrual on unrepatriated earnings, and a non-recurring prior year tax, partially offset by non-recurring prior year tax benefits related to the incentive tax rate for certain operations located in China.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per share The dilutive effects of performance-based stock awards were included in the computation of diluted earnings per share at the level the related performance criteria were met through the respective Consolidated Balance Sheet date. Potential dilutive effects, representing approximately 445,000 and 350,000 shares at June 30, 2024 and 2023, respectively, were excluded from the computation of diluted earnings per share as the related performance criteria were not yet met, although the Company expects to meet various levels of criteria in the future. Three Months Ended Nine Months Ended 2024 2023 2024 2023 (Loss) income from continuing operations $ (246.9) $ 44.0 $ (218.8) $ 94.9 Less: Net income attributable to noncontrolling interests 2.0 1.7 6.5 4.8 (Loss) income from continuing operations attributable to Hillenbrand $ (248.9) $ 42.3 $ (225.3) $ 90.1 Weighted-average shares outstanding (basic - in millions) 70.5 70.0 70.4 69.7 Effect of dilutive stock options and other unvested equity awards (in millions) (1) — 0.3 — 0.3 Weighted-average shares outstanding (diluted - in millions) 70.5 70.3 70.4 70.0 Basic (loss) earnings per share from continuing operations attributable to Hillenbrand $ (3.53) $ 0.60 $ (3.20) $ 1.29 Diluted (loss) earnings per share from continuing operations attributable to Hillenbrand $ (3.53) $ 0.60 $ (3.20) $ 1.29 Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions) 1.1 0.1 1.1 0.4

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss: Pension and Currency Translation (1) Net Total Noncontrolling Total Balance at September 30, 2023 $ (34.5) $ (107.1) $ (5.5) $ (147.1) Other comprehensive (loss) income before reclassifications: Before tax amount (0.1) 8.6 (0.6) 7.9 $ (0.1) $ 7.8 Tax benefit — — 0.2 0.2 — 0.2 After tax amount (0.1) 8.6 (0.4) 8.1 (0.1) 8.0 Amounts reclassified from accumulated other comprehensive loss (2) 26.6 — 6.1 32.7 — 32.7 Net current period other comprehensive income (loss) 26.5 8.6 5.7 40.8 $ (0.1) $ 40.7 Balance at June 30, 2024 $ (8.0) $ (98.5) $ 0.2 $ (106.3) (1) Includes gain and losses on intra-entity foreign currency transactions that are of a long-term investment nature. (2) Amounts are net of tax. Pension and Currency Translation (1) Net Total Noncontrolling Total Balance at September 30, 2022 $ (32.8) $ (113.7) $ (9.1) $ (155.6) Other comprehensive income before reclassifications: Before tax amount — 39.2 3.4 42.6 $ (0.6) $ 42.0 Tax expense — — (1.0) (1.0) — (1.0) After tax amount — 39.2 2.4 41.6 (0.6) 41.0 Amounts reclassified from accumulated other comprehensive loss (2) (1.8) — 0.9 (0.9) — (0.9) Net current period other comprehensive (loss) income (1.8) 39.2 3.3 40.7 $ (0.6) $ 40.1 Balance at June 30, 2023 $ (34.6) $ (74.5) $ (5.8) $ (114.9) (1) Includes gains and losses on intra-foreign currency transactions that are of a long-term investment nature. (2) Amounts are net of tax. Reclassifications out of accumulated other comprehensive loss include: Three Months Ended June 30, 2024 Amortization of Pension and (1) Loss on Net Loss Derivative Total Affected line in the Consolidated Statement of Operations: Net revenue $ — $ 0.9 $ 0.9 Cost of goods sold — 0.1 0.1 Operating expenses 26.8 4.3 31.1 Total before tax $ 26.8 $ 5.3 32.1 Tax expense (6.6) Total reclassifications for the period, net of tax $ 25.5 Nine Months Ended June 30, 2024 Amortization of Pension and (1) Loss on Net Loss Derivative Total Affected line in the Consolidated Statement of Operations: Net revenue $ — $ 0.8 $ 0.8 Cost of goods sold — 0.4 0.4 Operating expenses 34.9 5.3 40.2 Total before tax $ 34.9 $ 6.5 41.4 Tax expense (8.7) Total reclassifications for the period, net of tax $ 32.7 (1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (benefit) (see Note 10). Three Months Ended June 30, 2023 Amortization of Pension and (1) Loss (Gain) on Net Gain Prior Service Costs Derivative Total Affected line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.2 $ 0.2 Cost of goods sold — — (0.2) (0.2) Operating expenses (0.2) — 0.5 0.3 Total before tax $ (0.2) $ — $ 0.5 0.3 Tax expense (0.1) Total reclassifications for the period, net of tax $ 0.2 Nine Months Ended June 30, 2023 Amortization of Pension and (1) Loss (Gain) on Net Gain Prior Service Costs Derivative Total Affected line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.2 $ 0.2 Cost of goods sold — — (1.2) (1.2) Operating expenses (0.5) — 1.5 1.0 Gain on divestiture of discontinued operations (net of income tax expense) (1.4) (0.1) — (1.5) Total before tax $ (1.9) $ (0.1) $ 0.5 (1.5) Tax expense 0.6 Total reclassifications for the period, net of tax $ (0.9) (1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (benefit) (see Note 10).

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Jun. 30, 2024
Compensation Related Costs [Abstract]
Share-Based Compensation	Share-Based Compensation Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Share-based compensation costs $ 5.0 $ 4.9 $ 14.9 $ 14.0 Less impact of income taxes 1.2 1.1 3.5 3.2 Share-based compensation costs, net of tax $ 3.8 $ 3.8 $ 11.4 $ 10.8 The Company has share-based compensation with long-term performance-based metrics that are contingent upon the Company’s relative total shareholder return and the creation of shareholder value, as well as time-based awards. Relative total shareholder return is determined by comparing the Company’s total shareholder return during a three-year period to the respective total shareholder returns of companies in a designated stock index. Creation of shareholder value is measured by the cumulative cash returns and final period net operating profit after tax compared to the established hurdle rate over a three-year period. For the performance-based awards contingent upon the creation of shareholder value, compensation expense is adjusted each quarter based upon actual results to date and any changes to forecasted information on each of the separate grants. During the nine months ended June 30, 2024, the Company made the following grants: Number of Time-based stock awards 385,739 Performance-based stock awards (maximum that can be earned) 479,410 The Company’s time-based stock awards and performance-based stock awards granted during the nine months ended June 30, 2024 had weighted-average grant date fair values of $39.64 and $41.44, respectively. Included in the performance-based stock awards granted during the nine months ended June 30, 2024 are 264,234 units whose payout level is based upon the Company’s relative total shareholder return over the three-year measurement period, as described above. These units will be expensed on a straight-line basis over the measurement period and are not subsequently adjusted after the grant date.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, Hillenbrand is involved in claims, lawsuits, and government proceedings relating to its operations, including environmental, antitrust, patent infringement, business practices, commercial transactions, product and general liability, workers’ compensation, auto liability, employment-related, and other matters. The ultimate outcome of any claims, lawsuits, and proceedings cannot be predicted with certainty. An estimated loss from these contingencies is recognized when the Company believes it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated; however, it is difficult to measure the actual loss that might be incurred related to these matters. If a loss is not considered probable or cannot be reasonably estimated, the Company is required to make a disclosure if there is at least a reasonable possibility that a significant loss may have been incurred. Legal fees associated with claims and lawsuits are generally expensed as incurred. Claims covered by insurance have in most instances deductibles and self-funded retentions up to $0.5 per occurrence or per claim, depending upon the type of coverage and policy period. For auto, workers’ compensation, and general liability claims in the U.S., outside insurance companies and third-party claims administrators generally assist in establishing individual claim reserves. An independent outside actuary often provides estimates of ultimate projected losses, including incurred but not reported claims, which are used to establish reserves for losses. For all other types of claims, reserves are established when payment is considered probable and are based upon advice from internal and external counsel and historical settlement information for such claims. The liabilities recorded represent the best estimate of costs that the Company will incur in relation to such exposures, but it is possible that actual costs will differ from those estimates. At June 30, 2024 and September 30, 2023, the Company had $11.2 and $5.1, respectively, included in other current liabilities on the Consolidated Balance Sheets, related to a discrete commercial dispute stemming from a contract entered into with a Molding Technology Solutions’ customer prior to the Company’s acquisition of the Molding Technology Solutions reportable operating segment.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability, developed based upon the best information available in the circumstances. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy is broken down into three levels: Level 1: Inputs are quoted prices in active markets for identical assets or liabilities. Level 2: Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3: Inputs are unobservable for the asset or liability. See the section below titled “Valuation techniques” for further discussion of how Hillenbrand determines fair value for certain assets and liabilities. Carrying Value at June 30, 2024 Fair Value at June 30, 2024 Using Inputs Considered as: Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 223.8 $ 223.8 $ — $ — Restricted cash 0.8 0.8 — — Investments in Rabbi trust 4.4 4.4 — — Derivative instruments 18.0 — 18.0 — Liabilities: Facility 498.6 — 498.6 — $200 term loan 185.0 — 185.0 — € 185 term loan 190.4 — 190.4 — $350 senior unsecured notes 350.0 303.1 — — $375 senior unsecured notes 374.8 369.1 — — $500 senior unsecured notes 500.0 502.3 — — Derivative instruments 14.6 — 14.6 — Carrying Value at September 30, 2023 Fair Value at September 30, 2023 Using Inputs Considered as: Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 242.9 $ 242.9 $ — $ — Restricted cash 7.3 7.3 — — Investments in Rabbi trust 3.3 3.3 — — Derivative instruments 1.5 — 1.5 — Liabilities: Facility 505.1 — 505.1 — $200 term loan 192.5 — 192.5 — € 185 term loan 195.0 — 195.0 — $350 senior unsecured notes 350.0 281.6 — — $400 senior unsecured notes 400.0 395.1 — — $375 senior unsecured notes 374.7 355.0 — — Derivative instruments 1.7 — 1.7 — Valuation techniques • Cash and cash equivalents, restricted cash, and investments in Rabbi trust are classified within Level 1 of the fair value hierarchy. Financial instruments classified as Level 1 are based on quoted market prices in active markets. The types of financial instruments the Company classifies within Level 1 include most bank deposits, money market securities, and publicly traded mutual funds. The Company does not adjust the quoted market price for such financial instruments. • The Company estimates the fair value of foreign currency derivatives and cross-currency swap agreements using industry accepted models. The significant Level 2 inputs used in the valuation of derivatives include spot rates, forward rates, and volatility. These inputs were obtained from pricing services, broker quotes, and other sources. • The fair values of the Facility, $200 term loan, and €185 term loan were estimated based on internally-developed models using current observable market interest rate data for similar issues, as there is no active market for the Facility, $200 term loan, and €185 term loan, and therefore, are classified within Level 2 of the fair value hierarchy. • The fair values of the $350 senior unsecured notes, $400 senior unsecured notes, $375 senior unsecured notes, and $500 senior unsecured notes were based on quoted prices in active markets and are classified within Level 1 of the fair value hierarchy. The Company does not adjust the quoted market prices for such financial instruments. Derivative instruments During the three months ended June 30, 2024, Hillenbrand entered into cross-currency swap agreements aiming to hedge the variability in the movement of foreign currency exchange rates for its operations in Europe, while simultaneously lowering the Company’s overall borrowing costs. The maturity dates of these agreements range from 2027 to 2029. These agreements qualify for hedge accounting and accordingly the changes in fair value of the derivatives are recorded in other comprehensive (loss) income and remain in accumulated other comprehensive loss attributable to Hillenbrand in shareholders’ equity until the hedged item is recognized in earnings. We assess the effectiveness of cross-currency swap contracts using the spot method, and the difference between the interest rate received and paid under the cross-currency swap agreements is recorded in interest expense, net, in the Consolidated Statements of Operations. As a result of entering into these cross-currency swap agreements, Hillenbrand recorded a reduction in interest expense, net of $1.2 during the three and nine months ended June 30, 2024. Hillenbrand presents the cross-currency swap agreements periodic settlements in operating activities in the Consolidated Statements of Cash Flows. The Company has hedging programs in place to manage its currency exposures. The objectives of the Company’s hedging programs are to mitigate exposures in gross margin and non-functional-currency-denominated assets and liabilities. Under these programs, the Company uses derivative financial instruments to manage the economic impact of fluctuations in currency exchange rates. These include foreign currency exchange forward contracts, which generally have terms up to 24 months. The aggregate notional value of the cross currency swap agreements was $694.3 and $0 at June 30, 2024 and September 30, 2023, respectively. The aggregate notional value of the foreign currency exchange forward contract derivatives was $159.1 and $164.6 at June 30, 2024 and September 30, 2023, respectively. The derivatives are recorded at fair value in other current assets and other current liabilities in the Consolidated Balance Sheets.

Segment and Geographical Inform

Segment and Geographical Information	9 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment and Geographical Information	Segment and Geographical Information As previously described, on February 1, 2023, the Company completed the divestiture of Batesville. The operating results and cash flows for Batesville have been classified as discontinued operations within the Consolidated Financial Statements for all periods presented. Hillenbrand is now composed of two reportable operating segments: Advanced Process Solutions and Molding Technology Solutions. The Company’s reportable operating segments maintain separate financial information for which results of operations are evaluated on a regular basis by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company records the direct costs of business operations to the reportable operating segments, including stock-based compensation, asset impairments, restructuring activities, and business acquisition costs. Corporate provides management and administrative services to each reportable operating segment. These services include treasury management, human resources, legal, business development, information technology, tax compliance, global supply management, sustainability, and other public company support functions such as internal audit, investor relations, and financial reporting. With limited exception for certain professional services and back-office and technology costs, the Company does not allocate these types of corporate expenses to the reportable operating segments. The following tables present financial information for the Company’s reportable operating segments and significant geographical locations: Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Net revenue Advanced Process Solutions $ 569.4 $ 464.7 $ 1,696.9 $ 1,308.0 Molding Technology Solutions 217.2 251.9 648.3 755.2 Total $ 786.6 $ 716.6 $ 2,345.2 $ 2,063.2 Adjusted EBITDA (1) Advanced Process Solutions $ 109.2 $ 93.6 $ 306.0 $ 238.1 Molding Technology Solutions 34.6 50.8 100.3 141.4 Corporate (12.8) (18.3) (38.5) (43.5) Net revenue (2) United States $ 330.4 $ 258.0 $ 978.7 $ 763.9 China 91.3 123.4 265.2 355.3 India 56.1 57.1 175.1 164.8 Germany 60.5 53.2 183.1 150.5 All other countries 248.3 224.9 743.1 628.7 Total $ 786.6 $ 716.6 $ 2,345.2 $ 2,063.2 (1) Adjusted earnings before interest, income tax, depreciation, and amortization (“adjusted EBITDA”) is a non-GAAP measure used by management to measure segment performance and make operating decisions. (2) The Company attributes net revenue to a geography based upon the location of the end customer. June 30, September 30, Total assets Advanced Process Solutions $ 3,517.0 $ 3,525.5 Molding Technology Solutions 1,579.7 1,883.0 Corporate 174.8 139.2 Total $ 5,271.5 $ 5,547.7 Tangible long-lived assets, net United States $ 136.6 $ 134.1 Germany 131.8 136.0 China 36.5 38.9 India 36.8 38.1 All other countries 98.4 84.9 Total $ 440.1 $ 432.0 The following schedule reconciles reportable operating segment adjusted EBITDA to consolidated net (loss) income: Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Adjusted EBITDA: Advanced Process Solutions $ 109.2 $ 93.6 $ 306.0 $ 238.1 Molding Technology Solutions 34.6 50.8 100.3 141.4 Corporate (12.8) (18.3) (38.5) (43.5) Add: Income (loss) from discontinued operations (net of income tax expense (benefit)) — 1.0 (0.3) 461.4 Less: Interest expense, net 32.2 15.8 92.8 55.9 Income tax (benefit) expense (10.5) 23.8 3.7 50.2 Depreciation and amortization 38.7 31.1 118.8 93.1 Impairment charges 265.0 — 265.0 — Pension settlement charges 26.9 — 35.2 — Business acquisition, divestiture, and integration costs 24.9 10.6 39.6 28.5 Inventory step-up charges — — 0.6 11.1 Restructuring and restructuring-related charges 0.7 0.8 24.8 2.3 Other non-recurring costs related to a discrete commercial dispute — — 6.1 — Consolidated net (loss) income $ (246.9) $ 45.0 $ (219.1) $ 556.3

Restructuring

Restructuring	9 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The following schedule details the restructuring charges by reportable operating segment and the classification of those charges in the Consolidated Statements of Operations. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total Advanced Process Solutions $ 0.5 $ 0.1 $ 0.6 $ — $ 0.1 $ 0.1 Molding Technology Solutions 4.5 (6.2) (1.7) 0.2 0.1 0.3 Corporate — — — — 0.1 0.1 Total $ 5.0 $ (6.1) $ (1.1) $ 0.2 $ 0.3 $ 0.5 Nine Months Ended June 30, 2024 Nine Months Ended June 30, 2023 Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total Advanced Process Solutions $ 0.8 $ 0.3 $ 1.1 $ (0.1) $ 1.1 $ 1.0 Molding Technology Solutions 13.7 6.6 20.3 0.2 0.6 0.8 Corporate — 0.1 0.1 — 0.1 0.1 Total $ 14.5 $ 7.0 $ 21.5 $ 0.1 $ 1.8 $ 1.9 During the nine months ended June 30, 2024, the Company announced a program (the “Program”) to reduce costs and improve operational efficiency within the Molding Technology Solutions reportable operating segment. As a result of the refinement of estimates related to the Program, the Company recorded a reclassification from operating expenses to cost of goods sold in the Consolidated Statement of Operations during the three months ended June 30, 2024. The Company expects that substantially all of the initial costs to complete the Program, which are primarily severance costs, will result in future cash expenditures, and we anticipate the majority of these cash expenditures to be paid in the next twelve months. The total liability related to the Program was $13.8 as of June 30, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (248.9)	$ 43.3	$ (225.6)	$ 551.5

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy	Recently adopted accounting standards In September 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50); Disclosure of Supplier Finance Program Obligations . ASU 2022-04 requires entities that use supplier finance programs to disclose information about the nature and potential magnitude of the programs, activity during the period, and changes from period to period. ASU 2022-04 does not affect the recognition, measurement, or consolidated financial statement presentation of obligations covered by supplier finance programs. The Company adopted ASU 2022-04 effective October 1, 2023. The adoption of ASU 2022-04 did not have a material effect on our Consolidated Financial Statements and related disclosures. See Note 6 for further details. Recently issued accounting standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 requires additional disclosures pertaining to significant expenses and other items of an entity’s reportable operating segments. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 (fiscal 2025). Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-07 on the Consolidated Financial Statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. ASU 2023-09 will be effective for annual periods beginning after December 15, 2024 (fiscal 2026). The Company is currently evaluating the impact of ASU 2023-09 on the Consolidated Financial Statements. No other new accounting pronouncements recently adopted or issued had or are expected to have a material impact on the Consolidated Financial Statements.
Revenue	Net revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services and is recognized when performance obligations are satisfied under the terms of contracts with customers.
Revenue Recognition, Deferred Revenue	Contract balances The balance in receivables from long-term manufacturing contracts at June 30, 2024 and September 30, 2023, was $340.7 and $260.2, respectively. The change was driven by the impact of net revenue recognized prior to billings to customers. The balance in the liabilities from long-term manufacturing contracts and advances at June 30, 2024 and September 30, 2023, was $332.6 and $388.5, respectively, and consists primarily of cash payments received in advance of satisfying performance obligations. The net revenue recognized for the nine months ended June 30, 2024 and 2023, related to liabilities from long-term manufacturing contracts and advances as of September 30, 2023 and 2022, was $267.0 and $199.7, respectively. During the three and nine months ended June 30, 2024 and 2023, the adjustments related to performance obligations satisfied in previous periods were immaterial.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition (Tables)	9 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Disaggregation of revenue The following tables present net revenue by end market: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total End market Plastics and recycling $ 261.6 $ — $ 261.6 $ 786.9 $ — $ 786.9 Automotive — 43.8 43.8 — 133.6 133.6 Chemicals 41.7 — 41.7 134.8 — 134.8 Consumer goods — 26.1 26.1 — 77.8 77.8 Food and pharmaceuticals 187.7 — 187.7 545.6 — 545.6 Custom molders — 20.1 20.1 — 69.5 69.5 Packaging — 35.3 35.3 — 99.5 99.5 Construction 13.9 27.8 41.7 45.6 85.4 131.0 Minerals 17.0 — 17.0 58.0 — 58.0 Electronics — 16.8 16.8 — 43.0 43.0 Medical — 16.3 16.3 — 48.7 48.7 Other industrial 47.5 31.0 78.5 126.0 90.8 216.8 Total $ 569.4 $ 217.2 $ 786.6 $ 1,696.9 $ 648.3 $ 2,345.2 Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total End market Plastics and recycling $ 270.1 $ — $ 270.1 $ 759.2 $ — $ 759.2 Automotive — 56.6 56.6 — 158.3 158.3 Chemicals 29.0 — 29.0 85.8 — 85.8 Consumer goods — 33.5 33.5 — 100.9 100.9 Food and pharmaceuticals 117.8 — 117.8 320.2 — 320.2 Custom molders — 24.5 24.5 — 81.8 81.8 Packaging — 32.4 32.4 — 98.4 98.4 Construction — 31.6 31.6 — 101.4 101.4 Minerals 15.3 — 15.3 47.8 — 47.8 Electronics — 23.4 23.4 — 59.0 59.0 Medical — 17.2 17.2 — 48.9 48.9 Other industrial 32.5 32.7 65.2 95.0 106.5 201.5 Total $ 464.7 $ 251.9 $ 716.6 $ 1,308.0 $ 755.2 $ 2,063.2 The following tables present net revenue by geography: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Geography (1) Americas $ 275.4 $ 115.7 $ 391.1 $ 797.5 $ 353.1 $ 1,150.6 Asia 128.4 64.9 193.3 408.8 188.0 596.8 Europe, the Middle East, and Africa 165.6 36.6 202.2 490.6 107.2 597.8 Total $ 569.4 $ 217.2 $ 786.6 $ 1,696.9 $ 648.3 $ 2,345.2 Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Geography (1) Americas $ 164.6 $ 146.1 $ 310.7 $ 462.1 $ 439.4 $ 901.5 Asia 153.8 67.8 221.6 444.8 201.3 646.1 Europe, the Middle East, and Africa 146.3 38.0 184.3 401.1 114.5 515.6 Total $ 464.7 $ 251.9 $ 716.6 $ 1,308.0 $ 755.2 $ 2,063.2 (1) The Company attributes net revenue to a geography based upon the location of the end customer. The following tables present net revenue by products and services: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Products and services Equipment $ 385.1 $ 127.2 $ 512.3 $ 1,142.4 $ 391.4 $ 1,533.8 Parts and services 184.3 76.0 260.3 554.5 212.6 767.1 Other — 14.0 14.0 — 44.3 44.3 Total $ 569.4 $ 217.2 $ 786.6 $ 1,696.9 $ 648.3 $ 2,345.2 Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Products and services Equipment $ 341.8 $ 164.2 $ 506.0 $ 952.6 $ 499.5 $ 1,452.1 Parts and services 122.9 71.9 194.8 355.4 207.3 562.7 Other — 15.8 15.8 — 48.4 48.4 Total $ 464.7 $ 251.9 $ 716.6 $ 1,308.0 $ 755.2 $ 2,063.2 The following tables present net revenue by timing of transfer: Three Months Ended June 30, 2024 Nine Months Ended June 30, 2024 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Timing of transfer Point in time $ 267.2 $ 203.8 $ 471.0 $ 826.9 $ 595.5 $ 1,422.4 Over time 302.2 13.4 315.6 870.0 52.8 922.8 Total $ 569.4 $ 217.2 $ 786.6 $ 1,696.9 $ 648.3 $ 2,345.2 Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total Timing of transfer Point in time $ 250.2 $ 223.4 $ 473.6 $ 692.0 $ 679.5 $ 1,371.5 Over time 214.5 28.5 243.0 616.0 75.7 691.7 Total $ 464.7 $ 251.9 $ 716.6 $ 1,308.0 $ 755.2 $ 2,063.2

Divestitures (Tables)

Divestitures (Tables)	9 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	Components of amounts reflected in the Consolidated Statements of Operations related to discontinued operations are presented in the table, as follows: Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Net revenue $ — $ — $ — $ 213.7 Cost of goods sold — — — 142.2 Gross profit — — — 71.5 Operating (income) expenses — (0.4) 0.3 43.6 Income (loss) from discontinued operations before income taxes — 0.4 (0.3) 27.9 Income tax (benefit) expense — (0.2) — 7.8 Income (loss) from discontinued operations (net of income tax (benefit) expense) — 0.6 (0.3) 20.1 Gain on divestiture of discontinued operations (1) — 0.4 — 441.3 Total income (loss) from discontinued operations $ — $ 1.0 $ (0.3) $ 461.4 (1) Net of income tax benefit of $0.4 during the three months ended June 30, 2023, and net of income tax expense of $144.7 during the nine months ended June 30, 2023.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Jun. 30, 2024
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Based on current fair value estimates, the preliminary purchase price for FPM has been allocated to individual assets acquired and liabilities assumed as of the acquisition date: September 1, 2023 (as initially reported) Measurement Period Adjustments September 1, 2023 Assets acquired: Cash and cash equivalents $ 17.3 $ — $ 17.3 Trade receivables 65.2 (1.6) 63.6 Receivables from long-term manufacturing contracts 22.4 — 22.4 Inventories 64.8 (3.7) 61.1 Prepaid expenses and other current assets 10.3 (0.3) 10.0 Property, plant, and equipment 27.3 14.6 41.9 Operating lease right-of-use assets 11.0 3.1 14.1 Intangible assets 338.0 2.0 340.0 Goodwill 476.5 (10.8) 465.7 Other non-current assets 2.7 4.2 6.9 Total assets acquired 1,035.5 7.5 1,043.0 Liabilities assumed: Trade accounts payable 59.4 (2.3) 57.1 Liabilities from long-term manufacturing contracts 86.6 0.3 86.9 Accrued compensation 13.5 — 13.5 Other current liabilities 45.7 3.6 49.3 Operating lease liabilities 9.5 — 9.5 Deferred income taxes 69.0 (12.0) 57.0 Other non-current liabilities 3.1 3.3 6.4 Total liabilities assumed 286.8 (7.1) 279.7 Net assets acquired $ 748.7 $ 14.6 $ 763.3
Schedule of Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The preliminary amounts allocated to intangible assets are as follows: Gross Carrying Amount Weighted-Average Useful Life Customer relationships $ 285.0 15 years Technology 49.0 12 years Trade name 5.0 5 years Other 1.0 6 years Total intangible assets $ 340.0
Schedule of Business Acquisition Pro Forma Information	The supplemental pro forma financial information for the historical period presented is as follows: Three Months Ended June 30, 2023 Nine Months Ended June 30, 2023 Net revenue $ 847.7 $ 2,483.1 Income from continuing operations attributable to Hillenbrand 39.6 80.1 Income from continuing operations attributable to Hillenbrand — per share of common stock: Basic earnings per share from continuing operations $ 0.57 $ 1.15 Diluted earnings per share from continuing operations $ 0.56 $ 1.15

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	9 Months Ended
	Jun. 30, 2024
Balance Sheet Related Disclosures [Abstract]
Schedule of supplemental balance sheet information	June 30, September 30, Allowance for credit losses $ 10.8 $ 10.1 Warranty reserves $ 43.6 $ 35.8 Accumulated depreciation on property, plant, and equipment $ 263.5 $ 226.7 Inventories, net: Raw materials and components $ 270.5 $ 285.2 Work in process 140.5 135.0 Finished goods 162.5 172.4 Total inventories, net $ 573.5 $ 592.6 Other current liabilities: Income tax payable $ 39.7 $ 72.8 Other current liabilities 263.4 258.9 Total other current liabilities $ 303.1 $ 331.7 The following table provides a reconciliation of cash and cash equivalents and restricted cash, reported within the Consolidated Balance Sheets that sum to the total of the same amounts shown in the Consolidated Statements of Cash Flows: June 30, 2024 June 30, 2023 Cash and cash equivalents $ 223.8 $ 290.5 Short-term restricted cash included in other current assets 0.8 0.8 Total cash and cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows $ 224.6 $ 291.3 Supplier Finance Program The Company has agreements with third-party financial institutions to facilitate supply chain finance (“SCF”) programs. The SCF programs allow qualifying suppliers to sell their receivables, on an invoice level at the selection of the supplier, from the Company to the financial institutions and negotiate their outstanding receivable arrangements and associated fees directly with the financial institutions. Hillenbrand is not party to the agreements between the supplier and the financial institutions. The supplier invoices that have been confirmed as valid under the SCF programs require payment in full by the financial institutions to the supplier by the original maturity date of the invoice, or discounted payment at an earlier date as agreed upon with the supplier. The Company’s obligations to its suppliers, including amounts due and scheduled payment terms, are not impacted by a supplier’s participation in the SCF programs. All outstanding amounts related to suppliers participating in the SCF programs are recorded upon confirmation with the third-party financial institutions in trade accounts payable in the Consolidated Balance Sheets, and associated payments are included in cash used in operating activities in the Consolidated Statements of Cash Flows. The Company’s outstanding obligations included in trade accounts payable as of June 30, 2024 and September 30, 2023, were $27.4 and $29.1, respectively. Trade Receivables Financing During the nine months ended June 30, 2024, the Company executed an amendment of its trade receivables financing arrangement (as amended, the “Amended Arrangement”) with a financial institution. In accordance with ASC 869, Transfers and Servicing , this Amended Arrangement is deemed a true sale, as the Company retains no rights or interest and has no obligations with respect to the trade receivables. The Company had proceeds from the sale of trade receivables under the Amended Arrangement of $70.0 and $197.7, respectively, for the three and nine months ended June 30, 2024 ($0.0 for the three and nine months ended June 30, 2023). As of June 30, 2024 and September 30, 2023, trade receivables in the amount of $32.1

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Supplemental Balance Sheet Information	The following table presents supplemental Consolidated Balance Sheet information related to the Company’s operating leases: June 30, 2024 September 30, 2023 Operating lease right-of-use assets, net $ 111.4 $ 111.3 Other current liabilities 20.3 18.6 Operating lease liabilities 84.6 88.1 Total operating lease liabilities $ 104.9 $ 106.7 Weighted-average remaining lease term (in years) 6.4 7.1 Weighted-average discount rate 4.1 % 3.8 %
Schedule of Operating Lease Liability Maturities	As of June 30, 2024, the maturities of the Company’s operating lease liabilities were as follows: 2024 (excluding the nine months ended June 30, 2024) $ 6.4 2025 23.6 2026 19.6 2027 16.3 2028 14.1 Thereafter 38.0 Total lease payments 118.0 Less: imputed interest (13.1) Total present value of lease payments $ 104.9
Schedule of Supplemental Statement of Cash Flow Information	Supplemental Consolidated Statements of Cash Flow information related to the Company’s operating leases is as follows: Nine Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of operating lease liabilities $ 19.9 $ 17.9 Operating lease right-of-use assets, net obtained in exchange for new operating lease liabilities 12.8 10.4 Operating leases acquired in acquisitions 3.1 15.3

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	9 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following table summarizes the carrying amounts and related accumulated amortization for intangible assets as of: June 30, 2024 September 30, 2023 Cost Accumulated Cost Accumulated Finite-lived assets: Customer relationships $ 1,291.1 $ (350.5) $ 1,290.2 $ (291.4) Technology, including patents 190.3 (95.2) 192.3 (83.1) Software 55.0 (37.0) 41.7 (31.7) Trade names 51.1 (8.9) 41.9 (4.2) 1,587.5 (491.6) 1,566.1 (410.4) Indefinite-lived assets: Trade names 195.1 — 221.4 — Total $ 1,782.6 $ (491.6) $ 1,787.5 $ (410.4)
Schedule of Goodwill	The following table summarizes the changes in the Company’s goodwill, by reportable operating segment, for the nine months ended June 30, 2024: Advanced Process Solutions Molding Technology Solutions Total Balance as of September 30, 2023 $ 1,394.9 $ 633.2 $ 2,028.1 Acquisition measurement period adjustments (10.5) — (10.5) Impairment charge — (238.0) (238.0) Foreign currency adjustments 6.9 1.8 8.7 Balance as of June 30, 2024 $ 1,391.3 $ 397.0 $ 1,788.3

Financing Agreements (Tables)

Financing Agreements (Tables)	9 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of borrowings under financing agreements	The following table summarizes Hillenbrand’s current and long-term debt as of: June 30, September 30, $1,000 revolving credit facility (excluding outstanding letters of credit) $ 498.6 $ 505.1 $200 term loan 185.0 192.5 €185 term loan 190.4 195.0 $500 senior unsecured notes (1) 494.4 — $400 senior unsecured notes (2) — 398.0 $375 senior unsecured notes (3) 373.4 372.9 $350 senior unsecured notes (4) 347.0 346.6 Total debt 2,088.8 2,010.1 Less: current portion 19.9 19.7 Total long-term debt $ 2,068.9 $ 1,990.4 (1) Includes unamortized debt issuance costs of $5.6 at June 30, 2024. (2) Includes unamortized debt issuance costs of $2.0 at September 30, 2023. (3) Includes unamortized debt issuance costs of $1.4 and $1.8 at June 30, 2024 and September 30, 2023, respectively. (4) Includes unamortized debt issuance costs of $3.0 and $3.4 at June 30, 2024 and September 30, 2023, respectively.

Retirement Benefits (Tables)

Retirement Benefits (Tables)	9 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Components of net pension costs	Components of net periodic pension cost (benefit) included in the Consolidated Statements of Operations were as follows: U.S. Pension Benefits Non-U.S. Pension Benefits Three Months Ended June 30, Three Months Ended June 30, 2024 2023 2024 2023 Service costs $ — $ — $ 0.5 $ 0.4 Interest costs 2.3 2.7 1.1 1.2 Expected return on plan assets (2.8) (3.4) (0.4) (0.3) Amortization of net loss (gain) 0.1 0.1 (0.2) (0.3) Settlement charge 26.9 — — — Net periodic pension cost (benefit) $ 26.5 $ (0.6) $ 1.0 $ 1.0 U.S. Pension Benefits Non-U.S. Pension Benefits Nine Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Service costs $ — $ — $ 1.5 $ 1.4 Interest costs 7.0 8.3 3.3 3.1 Expected return on plan assets (8.3) (10.2) (1.2) (0.8) Amortization of net loss (gain) 0.2 0.3 (0.5) (0.7) Settlement charges 35.2 — — — Net periodic pension cost (benefit) $ 34.1 $ (1.6) $ 3.1 $ 3.0

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per share	Three Months Ended Nine Months Ended 2024 2023 2024 2023 (Loss) income from continuing operations $ (246.9) $ 44.0 $ (218.8) $ 94.9 Less: Net income attributable to noncontrolling interests 2.0 1.7 6.5 4.8 (Loss) income from continuing operations attributable to Hillenbrand $ (248.9) $ 42.3 $ (225.3) $ 90.1 Weighted-average shares outstanding (basic - in millions) 70.5 70.0 70.4 69.7 Effect of dilutive stock options and other unvested equity awards (in millions) (1) — 0.3 — 0.3 Weighted-average shares outstanding (diluted - in millions) 70.5 70.3 70.4 70.0 Basic (loss) earnings per share from continuing operations attributable to Hillenbrand $ (3.53) $ 0.60 $ (3.20) $ 1.29 Diluted (loss) earnings per share from continuing operations attributable to Hillenbrand $ (3.53) $ 0.60 $ (3.20) $ 1.29 Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions) 1.1 0.1 1.1 0.4

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of changes in accumulated other comprehensive income (loss) by component	The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss: Pension and Currency Translation (1) Net Total Noncontrolling Total Balance at September 30, 2023 $ (34.5) $ (107.1) $ (5.5) $ (147.1) Other comprehensive (loss) income before reclassifications: Before tax amount (0.1) 8.6 (0.6) 7.9 $ (0.1) $ 7.8 Tax benefit — — 0.2 0.2 — 0.2 After tax amount (0.1) 8.6 (0.4) 8.1 (0.1) 8.0 Amounts reclassified from accumulated other comprehensive loss (2) 26.6 — 6.1 32.7 — 32.7 Net current period other comprehensive income (loss) 26.5 8.6 5.7 40.8 $ (0.1) $ 40.7 Balance at June 30, 2024 $ (8.0) $ (98.5) $ 0.2 $ (106.3) (1) Includes gain and losses on intra-entity foreign currency transactions that are of a long-term investment nature. (2) Amounts are net of tax. Pension and Currency Translation (1) Net Total Noncontrolling Total Balance at September 30, 2022 $ (32.8) $ (113.7) $ (9.1) $ (155.6) Other comprehensive income before reclassifications: Before tax amount — 39.2 3.4 42.6 $ (0.6) $ 42.0 Tax expense — — (1.0) (1.0) — (1.0) After tax amount — 39.2 2.4 41.6 (0.6) 41.0 Amounts reclassified from accumulated other comprehensive loss (2) (1.8) — 0.9 (0.9) — (0.9) Net current period other comprehensive (loss) income (1.8) 39.2 3.3 40.7 $ (0.6) $ 40.1 Balance at June 30, 2023 $ (34.6) $ (74.5) $ (5.8) $ (114.9) (1) Includes gains and losses on intra-foreign currency transactions that are of a long-term investment nature. (2) Amounts are net of tax.
Schedule of reclassifications of AOCI	Reclassifications out of accumulated other comprehensive loss include: Three Months Ended June 30, 2024 Amortization of Pension and (1) Loss on Net Loss Derivative Total Affected line in the Consolidated Statement of Operations: Net revenue $ — $ 0.9 $ 0.9 Cost of goods sold — 0.1 0.1 Operating expenses 26.8 4.3 31.1 Total before tax $ 26.8 $ 5.3 32.1 Tax expense (6.6) Total reclassifications for the period, net of tax $ 25.5 Nine Months Ended June 30, 2024 Amortization of Pension and (1) Loss on Net Loss Derivative Total Affected line in the Consolidated Statement of Operations: Net revenue $ — $ 0.8 $ 0.8 Cost of goods sold — 0.4 0.4 Operating expenses 34.9 5.3 40.2 Total before tax $ 34.9 $ 6.5 41.4 Tax expense (8.7) Total reclassifications for the period, net of tax $ 32.7 (1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (benefit) (see Note 10). Three Months Ended June 30, 2023 Amortization of Pension and (1) Loss (Gain) on Net Gain Prior Service Costs Derivative Total Affected line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.2 $ 0.2 Cost of goods sold — — (0.2) (0.2) Operating expenses (0.2) — 0.5 0.3 Total before tax $ (0.2) $ — $ 0.5 0.3 Tax expense (0.1) Total reclassifications for the period, net of tax $ 0.2 Nine Months Ended June 30, 2023 Amortization of Pension and (1) Loss (Gain) on Net Gain Prior Service Costs Derivative Total Affected line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.2 $ 0.2 Cost of goods sold — — (1.2) (1.2) Operating expenses (0.5) — 1.5 1.0 Gain on divestiture of discontinued operations (net of income tax expense) (1.4) (0.1) — (1.5) Total before tax $ (1.9) $ (0.1) $ 0.5 (1.5) Tax expense 0.6 Total reclassifications for the period, net of tax $ (0.9) (1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (benefit) (see Note 10).

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Jun. 30, 2024
Compensation Related Costs [Abstract]
Schedule of stock-based compensation costs	Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Share-based compensation costs $ 5.0 $ 4.9 $ 14.9 $ 14.0 Less impact of income taxes 1.2 1.1 3.5 3.2 Share-based compensation costs, net of tax $ 3.8 $ 3.8 $ 11.4 $ 10.8
Schedule of stock-based awards granted in the period	During the nine months ended June 30, 2024, the Company made the following grants: Number of Time-based stock awards 385,739 Performance-based stock awards (maximum that can be earned) 479,410

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities at carrying value and fair value and the level within the fair value hierarchy	Carrying Value at June 30, 2024 Fair Value at June 30, 2024 Using Inputs Considered as: Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 223.8 $ 223.8 $ — $ — Restricted cash 0.8 0.8 — — Investments in Rabbi trust 4.4 4.4 — — Derivative instruments 18.0 — 18.0 — Liabilities: Facility 498.6 — 498.6 — $200 term loan 185.0 — 185.0 — € 185 term loan 190.4 — 190.4 — $350 senior unsecured notes 350.0 303.1 — — $375 senior unsecured notes 374.8 369.1 — — $500 senior unsecured notes 500.0 502.3 — — Derivative instruments 14.6 — 14.6 — Carrying Value at September 30, 2023 Fair Value at September 30, 2023 Using Inputs Considered as: Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 242.9 $ 242.9 $ — $ — Restricted cash 7.3 7.3 — — Investments in Rabbi trust 3.3 3.3 — — Derivative instruments 1.5 — 1.5 — Liabilities: Facility 505.1 — 505.1 — $200 term loan 192.5 — 192.5 — € 185 term loan 195.0 — 195.0 — $350 senior unsecured notes 350.0 281.6 — — $400 senior unsecured notes 400.0 395.1 — — $375 senior unsecured notes 374.7 355.0 — — Derivative instruments 1.7 — 1.7 —

Segment and Geographical Info_2

Segment and Geographical Information (Tables)	9 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of net revenue, adjusted EBITDA, and depreciation and amortization by segment and geographic location	The following tables present financial information for the Company’s reportable operating segments and significant geographical locations: Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Net revenue Advanced Process Solutions $ 569.4 $ 464.7 $ 1,696.9 $ 1,308.0 Molding Technology Solutions 217.2 251.9 648.3 755.2 Total $ 786.6 $ 716.6 $ 2,345.2 $ 2,063.2 Adjusted EBITDA (1) Advanced Process Solutions $ 109.2 $ 93.6 $ 306.0 $ 238.1 Molding Technology Solutions 34.6 50.8 100.3 141.4 Corporate (12.8) (18.3) (38.5) (43.5) Net revenue (2) United States $ 330.4 $ 258.0 $ 978.7 $ 763.9 China 91.3 123.4 265.2 355.3 India 56.1 57.1 175.1 164.8 Germany 60.5 53.2 183.1 150.5 All other countries 248.3 224.9 743.1 628.7 Total $ 786.6 $ 716.6 $ 2,345.2 $ 2,063.2 (1) Adjusted earnings before interest, income tax, depreciation, and amortization (“adjusted EBITDA”) is a non-GAAP measure used by management to measure segment performance and make operating decisions. (2)
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	June 30, September 30, Total assets Advanced Process Solutions $ 3,517.0 $ 3,525.5 Molding Technology Solutions 1,579.7 1,883.0 Corporate 174.8 139.2 Total $ 5,271.5 $ 5,547.7 Tangible long-lived assets, net United States $ 136.6 $ 134.1 Germany 131.8 136.0 China 36.5 38.9 India 36.8 38.1 All other countries 98.4 84.9 Total $ 440.1 $ 432.0
Schedule of reconciliation of segment adjusted EBITDA to consolidated net income	The following schedule reconciles reportable operating segment adjusted EBITDA to consolidated net (loss) income: Three Months Ended June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Adjusted EBITDA: Advanced Process Solutions $ 109.2 $ 93.6 $ 306.0 $ 238.1 Molding Technology Solutions 34.6 50.8 100.3 141.4 Corporate (12.8) (18.3) (38.5) (43.5) Add: Income (loss) from discontinued operations (net of income tax expense (benefit)) — 1.0 (0.3) 461.4 Less: Interest expense, net 32.2 15.8 92.8 55.9 Income tax (benefit) expense (10.5) 23.8 3.7 50.2 Depreciation and amortization 38.7 31.1 118.8 93.1 Impairment charges 265.0 — 265.0 — Pension settlement charges 26.9 — 35.2 — Business acquisition, divestiture, and integration costs 24.9 10.6 39.6 28.5 Inventory step-up charges — — 0.6 11.1 Restructuring and restructuring-related charges 0.7 0.8 24.8 2.3 Other non-recurring costs related to a discrete commercial dispute — — 6.1 — Consolidated net (loss) income $ (246.9) $ 45.0 $ (219.1) $ 556.3

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Summary of Restructuring Charges by Reportable Operating Segment	The following schedule details the restructuring charges by reportable operating segment and the classification of those charges in the Consolidated Statements of Operations. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total Advanced Process Solutions $ 0.5 $ 0.1 $ 0.6 $ — $ 0.1 $ 0.1 Molding Technology Solutions 4.5 (6.2) (1.7) 0.2 0.1 0.3 Corporate — — — — 0.1 0.1 Total $ 5.0 $ (6.1) $ (1.1) $ 0.2 $ 0.3 $ 0.5 Nine Months Ended June 30, 2024 Nine Months Ended June 30, 2023 Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total Advanced Process Solutions $ 0.8 $ 0.3 $ 1.1 $ (0.1) $ 1.1 $ 1.0 Molding Technology Solutions 13.7 6.6 20.3 0.2 0.6 0.8 Corporate — 0.1 0.1 — 0.1 0.1 Total $ 14.5 $ 7.0 $ 21.5 $ 0.1 $ 1.8 $ 1.9

Background and Basis of Prese_2

Background and Basis of Presentation - Narrative (Details)			9 Months Ended
	Feb. 01, 2023 USD ($)	Dec. 15, 2022 USD ($)	Jun. 30, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments | segment			2
Acquired entity subsidiary investments owned percent			100%
Batesville | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total transaction value	$ 761.5	$ 761,500,000
Consideration from sale of segment, subordinated note	11.5	$ 11,500,000
Proceeds from sale of business segment	$ 698,000,000

Revenue Recognition Narrative (

Revenue Recognition Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Receivables from long-term manufacturing contracts	$ 340.7		$ 260.2
Liabilities from long-term manufacturing contracts and advances	332.6		$ 388.5
Revenue recognized on long-term manufacturing contracts and advances liabilities	$ 267	$ 199.7

Revenue Recognition Revenue Rem

Revenue Recognition Revenue Remaining Performance Obligation Narrative (Details) $ in Millions	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,974.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation expected to be recognized in the given period (as a percent)	85%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Revenue Recognition Revenue by

Revenue Recognition Revenue by End Market (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Net revenue	$ 786.6	$ 716.6	$ 2,345.2	$ 2,063.2
Plastics and recycling
Disaggregation of Revenue [Line Items]
Net revenue	261.6	270.1	786.9	759.2
Automotive
Disaggregation of Revenue [Line Items]
Net revenue	43.8	56.6	133.6	158.3
Chemicals
Disaggregation of Revenue [Line Items]
Net revenue	41.7	29	134.8	85.8
Consumer goods
Disaggregation of Revenue [Line Items]
Net revenue	26.1	33.5	77.8	100.9
Food and pharmaceuticals
Disaggregation of Revenue [Line Items]
Net revenue	187.7	117.8	545.6	320.2
Custom molders
Disaggregation of Revenue [Line Items]
Net revenue	20.1	24.5	69.5	81.8
Packaging
Disaggregation of Revenue [Line Items]
Net revenue	35.3	32.4	99.5	98.4
Construction
Disaggregation of Revenue [Line Items]
Net revenue	41.7	31.6	131	101.4
Minerals
Disaggregation of Revenue [Line Items]
Net revenue	17	15.3	58	47.8
Electronics
Disaggregation of Revenue [Line Items]
Net revenue	16.8	23.4	43	59
Medical
Disaggregation of Revenue [Line Items]
Net revenue	16.3	17.2	48.7	48.9
Other industrial
Disaggregation of Revenue [Line Items]
Net revenue	78.5	65.2	216.8	201.5
Advanced Process Solutions
Disaggregation of Revenue [Line Items]
Net revenue	569.4	464.7	1,696.9	1,308
Advanced Process Solutions | Plastics and recycling
Disaggregation of Revenue [Line Items]
Net revenue	261.6	270.1	786.9	759.2
Advanced Process Solutions | Automotive
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Advanced Process Solutions | Chemicals
Disaggregation of Revenue [Line Items]
Net revenue	41.7	29	134.8	85.8
Advanced Process Solutions | Consumer goods
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Advanced Process Solutions | Food and pharmaceuticals
Disaggregation of Revenue [Line Items]
Net revenue	187.7	117.8	545.6	320.2
Advanced Process Solutions | Custom molders
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Advanced Process Solutions | Packaging
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Advanced Process Solutions | Construction
Disaggregation of Revenue [Line Items]
Net revenue	13.9	0	45.6	0
Advanced Process Solutions | Minerals
Disaggregation of Revenue [Line Items]
Net revenue	17	15.3	58	47.8
Advanced Process Solutions | Electronics
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Advanced Process Solutions | Medical
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Advanced Process Solutions | Other industrial
Disaggregation of Revenue [Line Items]
Net revenue	47.5	32.5	126	95
Molding Technology Solutions
Disaggregation of Revenue [Line Items]
Net revenue	217.2	251.9	648.3	755.2
Molding Technology Solutions | Plastics and recycling
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Molding Technology Solutions | Automotive
Disaggregation of Revenue [Line Items]
Net revenue	43.8	56.6	133.6	158.3
Molding Technology Solutions | Chemicals
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Molding Technology Solutions | Consumer goods
Disaggregation of Revenue [Line Items]
Net revenue	26.1	33.5	77.8	100.9
Molding Technology Solutions | Food and pharmaceuticals
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Molding Technology Solutions | Custom molders
Disaggregation of Revenue [Line Items]
Net revenue	20.1	24.5	69.5	81.8
Molding Technology Solutions | Packaging
Disaggregation of Revenue [Line Items]
Net revenue	35.3	32.4	99.5	98.4
Molding Technology Solutions | Construction
Disaggregation of Revenue [Line Items]
Net revenue	27.8	31.6	85.4	101.4
Molding Technology Solutions | Minerals
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Molding Technology Solutions | Electronics
Disaggregation of Revenue [Line Items]
Net revenue	16.8	23.4	43	59
Molding Technology Solutions | Medical
Disaggregation of Revenue [Line Items]
Net revenue	16.3	17.2	48.7	48.9
Molding Technology Solutions | Other industrial
Disaggregation of Revenue [Line Items]
Net revenue	$ 31	$ 32.7	$ 90.8	$ 106.5

Revenue Recognition by Geograph

Revenue Recognition by Geographic Markets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Net revenue	$ 786.6	$ 716.6	$ 2,345.2	$ 2,063.2
Americas
Disaggregation of Revenue [Line Items]
Net revenue	391.1	310.7	1,150.6	901.5
Asia
Disaggregation of Revenue [Line Items]
Net revenue	193.3	221.6	596.8	646.1
Europe, the Middle East, and Africa
Disaggregation of Revenue [Line Items]
Net revenue	202.2	184.3	597.8	515.6
Advanced Process Solutions
Disaggregation of Revenue [Line Items]
Net revenue	569.4	464.7	1,696.9	1,308
Advanced Process Solutions | Americas
Disaggregation of Revenue [Line Items]
Net revenue	275.4	164.6	797.5	462.1
Advanced Process Solutions | Asia
Disaggregation of Revenue [Line Items]
Net revenue	128.4	153.8	408.8	444.8
Advanced Process Solutions | Europe, the Middle East, and Africa
Disaggregation of Revenue [Line Items]
Net revenue	165.6	146.3	490.6	401.1
Molding Technology Solutions
Disaggregation of Revenue [Line Items]
Net revenue	217.2	251.9	648.3	755.2
Molding Technology Solutions | Americas
Disaggregation of Revenue [Line Items]
Net revenue	115.7	146.1	353.1	439.4
Molding Technology Solutions | Asia
Disaggregation of Revenue [Line Items]
Net revenue	64.9	67.8	188	201.3
Molding Technology Solutions | Europe, the Middle East, and Africa
Disaggregation of Revenue [Line Items]
Net revenue	$ 36.6	$ 38	$ 107.2	$ 114.5

Revenue Recognition Timing of T

Revenue Recognition Timing of Transfer (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Net revenue	$ 786.6	$ 716.6	$ 2,345.2	$ 2,063.2
Point in time
Disaggregation of Revenue [Line Items]
Net revenue	471	473.6	1,422.4	1,371.5
Over time
Disaggregation of Revenue [Line Items]
Net revenue	315.6	243	922.8	691.7
Advanced Process Solutions
Disaggregation of Revenue [Line Items]
Net revenue	569.4	464.7	1,696.9	1,308
Advanced Process Solutions | Point in time
Disaggregation of Revenue [Line Items]
Net revenue	267.2	250.2	826.9	692
Advanced Process Solutions | Over time
Disaggregation of Revenue [Line Items]
Net revenue	302.2	214.5	870	616
Molding Technology Solutions
Disaggregation of Revenue [Line Items]
Net revenue	217.2	251.9	648.3	755.2
Molding Technology Solutions | Point in time
Disaggregation of Revenue [Line Items]
Net revenue	203.8	223.4	595.5	679.5
Molding Technology Solutions | Over time
Disaggregation of Revenue [Line Items]
Net revenue	$ 13.4	$ 28.5	$ 52.8	$ 75.7

Revenue Recognition Product and

Revenue Recognition Product and Services (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Net revenue	$ 786.6	$ 716.6	$ 2,345.2	$ 2,063.2
Equipment
Disaggregation of Revenue [Line Items]
Net revenue	512.3	506	1,533.8	1,452.1
Parts and services
Disaggregation of Revenue [Line Items]
Net revenue	260.3	194.8	767.1	562.7
Other
Disaggregation of Revenue [Line Items]
Net revenue	14	15.8	44.3	48.4
Advanced Process Solutions
Disaggregation of Revenue [Line Items]
Net revenue	569.4	464.7	1,696.9	1,308
Advanced Process Solutions | Equipment
Disaggregation of Revenue [Line Items]
Net revenue	385.1	341.8	1,142.4	952.6
Advanced Process Solutions | Parts and services
Disaggregation of Revenue [Line Items]
Net revenue	184.3	122.9	554.5	355.4
Advanced Process Solutions | Other
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Molding Technology Solutions
Disaggregation of Revenue [Line Items]
Net revenue	217.2	251.9	648.3	755.2
Molding Technology Solutions | Equipment
Disaggregation of Revenue [Line Items]
Net revenue	127.2	164.2	391.4	499.5
Molding Technology Solutions | Parts and services
Disaggregation of Revenue [Line Items]
Net revenue	76	71.9	212.6	207.3
Molding Technology Solutions | Other
Disaggregation of Revenue [Line Items]
Net revenue	$ 14	$ 15.8	$ 44.3	$ 48.4

Divestitures - Components of Am

Divestitures - Components of Amounts Reflected in the Consolidated Statements of Operations Related to Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue	$ 0	$ 0	$ 0	$ 213.7
Cost of goods sold	0	0	0	142.2
Gross profit	0	0	0	71.5
Operating (income) expenses	0	(0.4)	0.3	43.6
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	0	0.4	(0.3)	27.9
Income tax (benefit) expense	0	(0.2)	0	7.8
Income (loss) from discontinued operations (net of income tax expense (benefit))	0	0.6	(0.3)	20.1
Gain on divestiture of discontinued operations (1)	0	(0.4)	0	(441.3)
Total income (loss) from discontinued operations	$ 0	1	$ (0.3)	461.4
Tax effect of gain (loss) from disposal		$ (0.4)		$ 144.7

Divestitures - Narrative (Detai

Divestitures - Narrative (Details) - Batesville - Discontinued Operations - USD ($)	9 Months Ended
	Jun. 30, 2023	Feb. 01, 2023	Dec. 15, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Decrease in income before income taxes	$ (17,500,000)
Total transaction value		$ 761.5	$ 761,500,000

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) € in Millions, $ in Millions				4 Months Ended	9 Months Ended
	Dec. 01, 2022 USD ($)	Oct. 06, 2022 USD ($)	Oct. 06, 2022 EUR (€)	Dec. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 01, 2023 USD ($)	Oct. 06, 2022 EUR (€)
Business Acquisition [Line Items]
Long-term debt					$ 2,088.8		$ 2,010.1
Payments to Acquire Businesses, Net of Cash Acquired					0.9	$ 626.8
Schenck Process Foods and Performance Materials
Business Acquisition [Line Items]
Acquisition expenses					0.4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					$ 340			$ 338
Weighted average cost of capital (as a percent)					12%
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Assets, Net				$ 14.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net					$ 763.3			$ 748.7
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Assets, Net				$ 14.6
Peerless Food Equipment
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 59.2
Linxis
Business Acquisition [Line Items]
Payments to acquire business, gross		$ 590.8	€ 596.2
Enterprise value		$ 566.8							€ 572

Acquisitions - Schedule of Aggr

Acquisitions - Schedule of Aggregate Purchase Price Consideration (Details) - USD ($)		4 Months Ended	9 Months Ended
	Dec. 01, 2022	Dec. 31, 2023	Jun. 30, 2024	Sep. 30, 2023	Sep. 01, 2023
Business Acquisition [Line Items]
Goodwill			$ 1,788,300,000	$ 2,028,100,000
Goodwill, Purchase Accounting Adjustments			(10,500,000)
Peerless Food Equipment
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 59,200,000
Schenck Process Foods and Performance Materials
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			41,900,000		$ 27,300,000
Goodwill			465,700,000		476,500,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents			17,300,000		17,300,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Trade Receivables		$ (1,600,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables			63,600,000		65,200,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets, Receivables			22,400,000		22,400,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory		(3,700,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory			61,100,000		64,800,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Prepaid Expenses and Other Current Assets		(300,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets			10,000,000		10,300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease, Right Of Use Assets			14,100,000		11,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			340,000,000		338,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets			6,900,000		2,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total			1,043,000,000		1,035,500,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable			57,100,000		59,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Accounts Payable			86,900,000		86,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accrued Compensation			13,500,000		13,500,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Current Liabilities		3,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other			49,300,000		45,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease, Liability			9,500,000		9,500,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Income Taxes		(12,000,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities			57,000,000		69,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other			6,400,000		3,100,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Trade Accounts Payable		(2,300,000)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Noncurrent Accounts Payable		300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total			279,700,000		286,800,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			$ 763,300,000		$ 748,700,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Assets, Net		14,600,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment		14,600,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Operating Lease Right-of-Use Assets		3,100,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles		2,000,000
Goodwill, Purchase Accounting Adjustments		(10,800,000)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Non-Current Assets		4,200,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Assets		7,500,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Long Term Liabilities		3,300,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Liabilities		$ (7,100,000)

Acquisitions - Schedule of Inta

Acquisitions - Schedule of Intangible Assets Acquired (Details) - Schenck Process Foods and Performance Materials - USD ($) $ in Millions	Sep. 01, 2023	Jun. 30, 2024
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 340
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	338	$ 340
Customer relationships
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 285
Weighted-Average Useful Life	15 years
Trade names
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 5
Weighted-Average Useful Life	5 years
Software
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 49
Weighted-Average Useful Life	12 years
Other
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 1
Weighted-Average Useful Life	6 years

Acquisitions - Schedule of Resu

Acquisitions - Schedule of Results of Operations After Acquisition (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Business Acquisition [Line Items]
Net revenue	$ 786.6	$ 716.6	$ 2,345.2	$ 2,063.2
Schenck Process Foods and Performance Materials
Business Acquisition [Line Items]
Net revenue	136.7		408.7
Income before income taxes	$ 14.4		$ 41.2

Acquisitions - Schedule of Supp

Acquisitions - Schedule of Supplemental Pro Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Business Combinations [Abstract]
Net revenue	$ 847.7	$ 2,483.1
Income from continuing operations attributable to Hillenbrand	$ 39.6	$ 80.1
(Loss) earnings per share
Basic (loss) earnings per share	$ 0.57	$ 1.15
Diluted (loss) earnings per share	$ 0.56	$ 1.15

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information - Schedule of supplemental balance sheet information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022
Balance Sheet Related Disclosures [Abstract]
Allowance for credit losses	$ 10.8	$ 10.1
Warranty reserves	43.6	35.8
Accumulated depreciation on property, plant, and equipment	263.5	226.7
Inventories, net:
Raw materials and components	270.5	285.2
Work in process	140.5	135
Finished goods	162.5	172.4
Total inventories, net	573.5	592.6
Accrued Income Taxes, Current	39.7	72.8
Additional Other Current Liabilities	263.4	258.9
Other current liabilities	303.1	331.7
Cash and cash equivalents	223.8	242.9	$ 290.5
Restricted Cash and Cash Equivalents	0.8		0.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 224.6	$ 250.2	$ 291.3	$ 237.6

Supplemental Balance Sheet In_4

Supplemental Balance Sheet Information - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Trade receivables, net	$ 339.7	$ 339.7		$ 398.7
Trade Accounts Receivable
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from Sale of Other Receivables	70	197.7	$ 0
Trade receivables, net	32.1	32.1		0
Supplier Finance Program
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Contractual Obligation	$ 27.4	$ 27.4		$ 29.1

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease expense	$ 7.7	$ 5.6	$ 24.3	$ 20.8

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease right-of-use assets, net	$ 111.4	$ 111.3
Other current liabilities	20.3	18.6
Operating lease liabilities	84.6	88.1
Total operating lease liabilities	$ 104.9	$ 106.7
Weighted-average remaining lease term (in years)	6 years 4 months 24 days	7 years 1 month 6 days
Weighted-average discount rate	4.10%	3.80%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Liability Maturities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Leases [Abstract]
2024 (excluding the nine months ended June 30, 2024)	$ 6.4
2022	23.6
2023	19.6
2024	14.1
Thereafter	38
Total lease payments	118
Less: imputed interest	(13.1)
Total present value of lease payments	104.9	$ 106.7
2022	$ 16.3

Leases - Schedule fo Supplement

Leases - Schedule fo Supplemental Statement of Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 19.9	$ 17.9
Operating lease right-of-use assets, net obtained in exchange for new operating lease liabilities	12.8	10.4
Operating leases acquired in acquisitions	$ 3.1	$ 15.3

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,788.3	$ 1,788.3		$ 2,028.1
Goodwill impairment		$ 238
Indefinite Lived Intangible assets	5%	5%		11%
Trade names
Finite-Lived Intangible Assets [Line Items]
Goodwill			$ 88.6
Goodwill impairment	$ 27	$ 27
Indefinite-Lived Intangible Assets, Potential Reduction Of Percentage of Fair Value	10%	10%
Indefinite-Lived Intangible Assets, Potential Goodwill Impairment Loss	$ 6.2	$ 6.2
Indefinite-lived assets:	195.1	195.1		$ 221.4
Reporting Unit One
Finite-Lived Intangible Assets [Line Items]
Goodwill			$ 417
Goodwill impairment	$ 238	$ 238
Reporting Unit, Potential Reduction Of Percentage of Fair Value	10%	10%
Reporting Unit, Potential Goodwill Impairment Loss	$ 63	$ 63
Advanced Process Solutions
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	698.9	698.9		740
Goodwill	1,391.3	1,391.3		1,394.9
Goodwill impairment		0
Indefinite-lived assets:	110	110		109.3
Molding Technology Solutions
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	389.8	389.8		412.9
Goodwill	397	397		633.2
Goodwill impairment		238
Indefinite-lived assets:	$ 85.1	$ 85.1		$ 112.1
Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years	3 years
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	0%	0%		10%
Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	21 years	21 years
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	6%	6%		25%

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Sep. 30, 2023
Intangible Assets [Line Items]
Cost	$ 1,587.5	$ 1,566.1
Accumulated Amortization	(491.6)	(410.4)
Total	1,782.6	1,787.5
Trade names
Intangible Assets [Line Items]
Indefinite-lived assets:	195.1	221.4
Customer relationships
Intangible Assets [Line Items]
Cost	1,291.1	1,290.2
Accumulated Amortization	(350.5)	(291.4)
Trade names
Intangible Assets [Line Items]
Cost	190.3	192.3
Accumulated Amortization	(95.2)	(83.1)
Software
Intangible Assets [Line Items]
Cost	55	41.7
Accumulated Amortization	(37)	(31.7)
Trade names
Intangible Assets [Line Items]
Cost	51.1	41.9
Accumulated Amortization	$ (8.9)	$ (4.2)

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Goodwill (Details) $ in Millions	9 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 2,028.1
Goodwill, Impairment Loss	(238)
Acquisition measurement period adjustments	(10.5)
Foreign currency adjustments	8.7
Balance at the end of the period	1,788.3
Advanced Process Solutions
Goodwill [Roll Forward]
Balance at the beginning of the period	1,394.9
Goodwill, Impairment Loss	0
Acquisition measurement period adjustments	(10.5)
Foreign currency adjustments	6.9
Balance at the end of the period	1,391.3
Molding Technology Solutions
Goodwill [Roll Forward]
Balance at the beginning of the period	633.2
Goodwill, Impairment Loss	(238)
Acquisition measurement period adjustments	0
Foreign currency adjustments	1.8
Balance at the end of the period	$ 397

Financing Agreements - Schedule

Financing Agreements - Schedule of borrowings (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 EUR (€)	Feb. 14, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 21, 2023 USD ($)	Jun. 08, 2022 USD ($)	Mar. 03, 2021 USD ($)	Jun. 16, 2020 USD ($)	Sep. 25, 2019 USD ($)
Debt Instrument [Line Items]
Total debt	$ 2,088,800,000			$ 2,010,100,000
Current portion of long-term debt	19,900,000			19,700,000
Long-term debt	2,068,900,000			1,990,400,000
$1,000 revolving credit facility (excluding outstanding letters of credit)
Debt Instrument [Line Items]
Total debt	498,600,000			505,100,000
$200 term loan
Debt Instrument [Line Items]
Total debt	185,000,000			192,500,000
Debt instrument, face amount	200,000,000
Term Loan | Term Loan 225 Million
Debt Instrument [Line Items]
Total debt	190,400,000			195,000,000
Debt instrument, face amount | €		€ 185,000,000
Term Loan | $200 term loan
Debt Instrument [Line Items]
Debt instrument, face amount						$ 200,000,000
Term Loan | Euro Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount					$ 185,000,000
$400 senior unsecured notes (2)
Debt Instrument [Line Items]
Total debt	0			398,000,000
Debt issuance costs, net				2,000,000
Senior notes
Debt Instrument [Line Items]
Total debt	373,400,000			372,900,000
Debt issuance costs, net	1,400,000			1,800,000
Senior notes | $500 senior unsecured notes
Debt Instrument [Line Items]
Total debt	494,400,000			0
Debt issuance costs, net	5,600,000
Debt instrument, face amount			$ 500,000,000
Senior notes | $400 senior unsecured notes
Debt Instrument [Line Items]
Debt instrument, face amount								$ 400,000,000
Senior notes | $500 senior unsecured notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 500,000,000
Senior notes | $375 senior unsecured notes
Debt Instrument [Line Items]
Debt instrument, face amount									$ 375,000,000
Senior notes | $350 senior unsecured notes
Debt Instrument [Line Items]
Debt instrument, face amount							$ 350,000,000
$350 senior unsecured notes (4)
Debt Instrument [Line Items]
Total debt	347,000,000			346,600,000
Debt issuance costs, net	$ 3,000,000			$ 3,400,000
Revolving Credit Facility | $1,000 revolving credit facility
Debt Instrument [Line Items]
Debt instrument, face amount						$ 1,000,000,000

Financing Agreements - Narrativ

Financing Agreements - Narrative (Details)		3 Months Ended		9 Months Ended
	Feb. 14, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 EUR (€)	Sep. 30, 2023 USD ($)	Jun. 16, 2020 USD ($)
Debt Instrument [Line Items]
Unamortized debt issuance costs		$ 5,200,000		$ 5,200,000			$ 6,000,000
Letter of credit
Debt Instrument [Line Items]
Borrowing capacity immediately available		455,700,000		455,700,000
$200 term loan
Debt Instrument [Line Items]
Debt instrument, face amount		$ 200,000,000		$ 200,000,000
$200 term loan | Tranche one
Debt Instrument [Line Items]
Weighted-average interest rates		7.34%	6.52%	7.34%	6.52%	7.34%
$200 term loan | Tranche two
Debt Instrument [Line Items]
Weighted-average interest rates		7.17%	6.12%	7.17%	6.12%	7.17%
$1,000 revolving credit facility (excluding outstanding letters of credit)
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 18,700,000		$ 18,700,000
Line of credit facility, remaining borrowing capacity		$ 482,700,000		$ 482,700,000
Weighted average facility fee		0.24%	0.19%	0.22%	0.17%
$1,000 revolving credit facility (excluding outstanding letters of credit) | Tranche one
Debt Instrument [Line Items]
Weighted-average interest rates		5.55%	4.45%	5.55%	4.45%	5.55%
$1,000 revolving credit facility (excluding outstanding letters of credit) | Tranche two
Debt Instrument [Line Items]
Weighted-average interest rates		5.84%	2.55%	5.84%	2.55%	5.84%
Other Financing Agreements
Debt Instrument [Line Items]
Unamortized debt issuance costs		$ 1,400,000		$ 1,400,000			1,600,000
Line of credit facility, maximum borrowing capacity		572,000,000		572,000,000			587.9
Line of credit facility, amount utilized for bank guarantees		379,300,000		$ 379,300,000			$ 326.9
$375 senior unsecured notes (3) | $500 senior unsecured notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 500,000,000
Debt interest rate, percent	6.25%
Unamortized debt issuance costs	$ 6,200,000
Debt instrument, redemption price, percentage of principal amount redeemed	40%
$375 senior unsecured notes (3) | $500 senior unsecured notes | Period one
Debt Instrument [Line Items]
Debt redemption price	101%
$375 senior unsecured notes (3) | $500 senior unsecured notes | Period two
Debt Instrument [Line Items]
Debt redemption price	103.125%
$375 senior unsecured notes (3) | $500 senior unsecured notes | Period three
Debt Instrument [Line Items]
Debt redemption price	101.5625%
$375 senior unsecured notes (3) | $500 senior unsecured notes | Period four
Debt Instrument [Line Items]
Debt redemption price	100%
$375 senior unsecured notes (3) | $500 senior unsecured notes | Period five
Debt Instrument [Line Items]
Debt redemption price	106.25%
$375 senior unsecured notes (3) | $400 senior unsecured notes
Debt Instrument [Line Items]
Debt instrument, face amount								$ 400,000,000
Write off of unamortized debt issuance costs		$ 1,100,000
Term Loan | Term Loan 225 Million
Debt Instrument [Line Items]
Debt instrument, face amount | €						€ 185,000,000
Letters of credit outstanding, amount			$ 0		$ 0
Term Loan | Term Loan 225 Million | Tranche one
Debt Instrument [Line Items]
Weighted-average interest rates		5.72%		5.72%		5.72%
Term Loan | Term Loan 225 Million | Tranche two
Debt Instrument [Line Items]
Weighted-average interest rates		5.64%		5.64%		5.64%

Retirement Benefits (Details)

Retirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Settlement charge	$ (26.9)	$ 0	$ (35.2)	$ 0
U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service costs	0	0	0	0
Interest costs	2.3	2.7	7	8.3
Expected return on plan assets	(2.8)	(3.4)	(8.3)	(10.2)
Amortization of net loss (gain)	0.1	0.1	0.2	0.3
Settlement charge	(26.9)	0	(35.2)
Net periodic pension cost (benefit)	26.5	(0.6)	34.1	(1.6)
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service costs	0.5	0.4	1.5	1.4
Interest costs	1.1	1.2	3.3	3.1
Expected return on plan assets	(0.4)	(0.3)	(1.2)	(0.8)
Amortization of net loss (gain)	(0.2)	(0.3)	(0.5)	(0.7)
Settlement charge	0	0	0	0
Net periodic pension cost (benefit)	$ 1	$ 1	$ 3.1	$ 3

Retirement Benefits - Narrative

Retirement Benefits - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Defined contribution plan expense	$ 2.7	$ 2.7	$ 8.1	$ 8.1

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	4.10%	35.10%	(1.70%)	34.60%

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive securities excluded from computation of earnings per share [Line Items]
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions)	1,100,000	100,000	1,100,000	400,000
Performance-based stock awards (maximum that can be earned)
Antidilutive securities excluded from computation of earnings per share [Line Items]
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions)			445,000	350,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
(Loss) income from continuing operations	$ (246.9)	$ 44	$ (218.8)	$ 94.9
Less: Net income attributable to noncontrolling interests	2	1.7	6.5	4.8
(Loss) income from continuing operations attributable to Hillenbrand	$ (248.9)	$ 42.3	$ (225.3)	$ 90.1
Weighted average shares outstanding (basic)	70.5	70	70.4	69.7
Effect of dilutive stock options and other unvested equity awards (in millions)(1)	0	0.3	0	0.3
Weighted-average shares outstanding (diluted - in millions)	70.5	70.3	70.4	70
(Loss) income from continuing operations attributable to Hillenbrand (in dollars per share)	$ (3.53)	$ 0.60	$ (3.20)	$ 1.29
(Loss) income from continuing operations attributable to Hillenbrand (in dollars per share)	$ (3.53)	$ 0.60	$ (3.20)	$ 1.29
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions)	1.1	0.1	1.1	0.4

Other Comprehensive Income (Los

Other Comprehensive Income (Loss) - Schedule of changes in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period			$ (147.1)
Other comprehensive income before reclassifications
Before tax amount			7.8	$ 42
Tax expense			0.2	(1)
After tax amount			8	41
Amounts reclassified from accumulated other comprehensive loss (2)			32.7	(0.9)
Total changes in other comprehensive income (loss), net of tax	$ 18.6	$ (24.1)	40.7	40.1
Balance at the end of the period	(106.3)		(106.3)
Pension and Postretirement
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period			(34.5)	(32.8)
Other comprehensive income before reclassifications
Before tax amount			(0.1)	0
Tax expense			0	0
After tax amount			(0.1)	0
Amounts reclassified from accumulated other comprehensive loss (2)			26.6	(1.8)
Total changes in other comprehensive income (loss), net of tax			26.5	(1.8)
Balance at the end of the period	(8)	(34.6)	(8)	(34.6)
Currency Translation (1)
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period			(107.1)	(113.7)
Other comprehensive income before reclassifications
Before tax amount			8.6	39.2
Tax expense			0	0
After tax amount			8.6	39.2
Amounts reclassified from accumulated other comprehensive loss (2)			0	0
Total changes in other comprehensive income (loss), net of tax			8.6	39.2
Balance at the end of the period	(98.5)	(74.5)	(98.5)	(74.5)
Net Unrealized (Loss) Gain on Derivative Instruments
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period			(5.5)	(9.1)
Other comprehensive income before reclassifications
Before tax amount			(0.6)	3.4
Tax expense			0.2	(1)
After tax amount			(0.4)	2.4
Amounts reclassified from accumulated other comprehensive loss (2)			6.1	0.9
Total changes in other comprehensive income (loss), net of tax			5.7	3.3
Balance at the end of the period	0.2	(5.8)	0.2	(5.8)
Total Attributable to Hillenbrand, Inc.
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period			(147.1)	(155.6)
Other comprehensive income before reclassifications
Before tax amount			7.9	42.6
Tax expense			0.2	(1)
After tax amount			8.1	41.6
Amounts reclassified from accumulated other comprehensive loss (2)			32.7	(0.9)
Total changes in other comprehensive income (loss), net of tax			40.8	40.7
Balance at the end of the period	(106.3)	(114.9)	(106.3)	(114.9)
Noncontrolling Interests
Other comprehensive income before reclassifications
Before tax amount			(0.1)	(0.6)
Tax expense			0	0
After tax amount			(0.1)	(0.6)
Amounts reclassified from accumulated other comprehensive loss (2)			0	0
Total changes in other comprehensive income (loss), net of tax	$ 0.4	$ (0.6)	$ (0.1)	$ (0.6)

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) - Schedule of reclassifications (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Affected Line in the Consolidated Statement of Operations:
Net revenue	$ 786.6	$ 716.6	$ 2,345.2	$ 2,063.2
Cost of Goods and Services Sold	(520.2)	(469.7)	(1,577.1)	(1,382.5)
Gain on divestiture of discontinued operations (1)	0	(0.4)	0	(441.3)
Tax expense	10.5	(23.8)	(3.7)	(50.2)
Total reclassifications for the period, net of tax			32.7	(0.9)
Amortization of Pension and Postretirement
Affected Line in the Consolidated Statement of Operations:
Total reclassifications for the period, net of tax			26.6	(1.8)
Loss (Gain) on Derivative Instruments
Affected Line in the Consolidated Statement of Operations:
Total reclassifications for the period, net of tax			6.1	0.9
Reclassifications out of accumulated other comprehensive income (loss)
Affected Line in the Consolidated Statement of Operations:
Net revenue	0.9	0.2	0.8	0.2
Cost of Goods and Services Sold	0.1	(0.2)	0.4	(1.2)
Operating expenses	31.1	0.3	40.2	1
Gain on divestiture of discontinued operations (1)				(1.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	32.1	0.3	41.4	(1.5)
Tax expense	(6.6)	(0.1)	(8.7)	0.6
Total reclassifications for the period, net of tax	25.5	0.2	32.7	(0.9)
Reclassifications out of accumulated other comprehensive income (loss) | Accumulated Defined Benefit Plans Adjustment Net Loss Recognized [Member]
Affected Line in the Consolidated Statement of Operations:
Net revenue	0	0	0
Cost of Goods and Services Sold	0	0	0	0
Operating expenses	26.8	(0.2)	34.9	(0.5)
Gain on divestiture of discontinued operations (1)				(1.4)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	26.8	(0.2)	34.9	(1.9)
Reclassifications out of accumulated other comprehensive income (loss) | Accumulated Defined Benefit Plans Adjustment Prior Service Cost Recognized [Member]
Affected Line in the Consolidated Statement of Operations:
Net revenue		0
Cost of Goods and Services Sold		0		0
Operating expenses		0		0
Gain on divestiture of discontinued operations (1)				(0.1)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		0		(0.1)
Reclassifications out of accumulated other comprehensive income (loss) | Loss (Gain) on Derivative Instruments
Affected Line in the Consolidated Statement of Operations:
Net revenue	0.9	0.2	0.8	0.2
Cost of Goods and Services Sold	0.1	(0.2)	0.4	(1.2)
Operating expenses	4.3	0.5	5.3	1.5
Gain on divestiture of discontinued operations (1)				0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	$ 5.3	$ 0.5	$ 6.5	$ 0.5

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of stock-based compensation costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Compensation Related Costs [Abstract]
Share-based compensation costs	$ 5	$ 4.9	$ 14.9	$ 14
Less impact of income taxes	1.2	1.1	3.5	3.2
Share-based compensation costs, net of tax	$ 3.8	$ 3.8	$ 11.4	$ 10.8

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of stock-based awards granted (Details)	9 Months Ended
	Jun. 30, 2024 shares
Time-based stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted in period (in shares)	385,739
Performance-based stock awards (maximum that can be earned)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted in period (in shares)	479,410

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details)	9 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Time-based stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, grant date fair value (in dollars per share)	$ 39.64
Performance-based stock awards (maximum that can be earned)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, grant date fair value (in dollars per share)	$ 41.44
Performance-based stock awards granted, number of units (in shares) | shares	264,234

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2023
Commitments and Contingencies
Current liability related to a discrete commercial dispute	$ 11.2	$ 5.1
General claims and lawsuits | Minimum
Commitments and Contingencies
Deductibles and self-insured retentions per occurrence or per claim	$ 0.5

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of financial assets and liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Assets:
Cash and cash equivalents	$ 223.8		$ 223.8
Restricted Cash	0.8		0.8		$ 7.3
Investments in Rabbi trust	4.4		4.4		3.3
Derivative instruments	18		18		1.5
Liabilities:
Derivative instruments	14.6		14.6		1.7
Interest expense, net	(32.2)	$ (15.8)	(92.8)	$ (55.9)
Cash flow hedging | Foreign Exchange Forward
Liabilities:
Derivative, notional amount	159.1		159.1		164.6
Cash flow hedging | Cross Currency Interest Rate Contract
Liabilities:
Derivative, notional amount	694.3		$ 694.3		0
Derivative, Term of Contract			24 months
Interest expense, net	1.2		$ 1.2
Level 1
Assets:
Cash and cash equivalents	223.8		223.8		242.9
Restricted Cash	0.8		0.8		7.3
Investments in Rabbi trust	4.4		4.4		3.3
Derivative instruments	0		0		0
Liabilities:
Derivative instruments	0		0		0
Level 2
Assets:
Cash and cash equivalents	0		0		0
Restricted Cash	0		0		0
Investments in Rabbi trust	0		0		0
Derivative instruments	18		18		1.5
Liabilities:
Derivative instruments	14.6		14.6		1.7
Level 3
Assets:
Cash and cash equivalents	0		0		0
Restricted Cash	0		0		0
Investments in Rabbi trust	0		0		0
Derivative instruments	0		0		0
Liabilities:
Derivative instruments	0		0		0
$1,000 revolving credit facility (excluding outstanding letters of credit)
Liabilities:
Debt instruments	498.6		498.6		505.1
$1,000 revolving credit facility (excluding outstanding letters of credit) | Level 1
Liabilities:
Debt instruments	0		0		0
$1,000 revolving credit facility (excluding outstanding letters of credit) | Level 2
Liabilities:
Debt instruments	498.6		498.6		505.1
$1,000 revolving credit facility (excluding outstanding letters of credit) | Level 3
Liabilities:
Debt instruments	0		0		0
$200 term loan
Liabilities:
Debt instruments	185		185		192.5
$200 term loan | Level 1
Liabilities:
Debt instruments	0		0		0
$200 term loan | Level 2
Liabilities:
Debt instruments	185		185		192.5
$200 term loan | Level 3
Liabilities:
Debt instruments	0		0		0
2021 Notes
Liabilities:
Debt instruments	350		350		350
2021 Notes | Level 1
Liabilities:
Debt instruments	303.1		303.1		281.6
2021 Notes | Level 2
Liabilities:
Debt instruments	0		0		0
2021 Notes | Level 3
Liabilities:
Debt instruments	0		0		0
2020 Notes
Liabilities:
Debt instruments					400
2020 Notes | Level 1
Liabilities:
Debt instruments					395.1
2020 Notes | Level 2
Liabilities:
Debt instruments					0
2020 Notes | Level 3
Liabilities:
Debt instruments					0
2019 Notes
Liabilities:
Debt instruments	374.8		374.8		374.7
2019 Notes | Level 1
Liabilities:
Debt instruments	369.1		369.1		355
2019 Notes | Level 2
Liabilities:
Debt instruments	0		0		0
2019 Notes | Level 3
Liabilities:
Debt instruments	0		0		0
$500 senior unsecured notes
Liabilities:
Debt instruments	500		500
$500 senior unsecured notes | Level 1
Liabilities:
Debt instruments	502.3		502.3
$500 senior unsecured notes | Level 2
Liabilities:
Debt instruments	0		0
$500 senior unsecured notes | Level 3
Liabilities:
Debt instruments	0		0
Euro Term Loan
Liabilities:
Debt instruments	190.4		190.4		195
Euro Term Loan | Level 1
Liabilities:
Debt instruments	0		0		0
Euro Term Loan | Level 2
Liabilities:
Debt instruments	190.4		190.4		195
Euro Term Loan | Level 3
Liabilities:
Debt instruments	$ 0		$ 0		$ 0

Segment and Geographical Info_3

Segment and Geographical Information - Schedule of net revenue and assets by segment (Details) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2024 USD ($) segment shares	Jun. 30, 2023 USD ($) shares	Sep. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Number of operating segments | segment			2
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 786.6	$ 716.6	$ 2,345.2	$ 2,063.2
Total assets	5,271.5		5,271.5		$ 5,547.7
Property, plant, and equipment, net	$ 440.1		$ 440.1		432
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions) | shares	1,100,000	100,000	1,100,000	400,000
Performance-based stock awards (maximum that can be earned)
Revenues from External Customers and Long-Lived Assets [Line Items]
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions) | shares			445,000	350,000
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 330.4	$ 258	$ 978.7	$ 763.9
Property, plant, and equipment, net	136.6		136.6		134.1
GERMANY
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	91.3	123.4	265.2	355.3
Property, plant, and equipment, net	131.8		131.8		136
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	56.1	57.1	175.1	164.8
Property, plant, and equipment, net	36.5		36.5		38.9
INDIA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	60.5	53.2	183.1	150.5
Property, plant, and equipment, net	36.8		36.8		38.1
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	248.3	224.9	743.1	628.7
Property, plant, and equipment, net	98.4		98.4		84.9
Corporate
Revenues from External Customers and Long-Lived Assets [Line Items]
Adjusted EBITDA (1)	(12.8)	(18.3)	(38.5)	(43.5)
Total assets	174.8		174.8		139.2
Advanced Process Solutions
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	569.4	464.7	1,696.9	1,308
Advanced Process Solutions | Operating segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Adjusted EBITDA (1)	109.2	93.6	306	238.1
Total assets	3,517		3,517		3,525.5
Molding Technology Solutions
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	217.2	251.9	648.3	755.2
Molding Technology Solutions | Operating segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Adjusted EBITDA (1)	34.6	$ 50.8	100.3	$ 141.4
Total assets	$ 1,579.7		$ 1,579.7		$ 1,883

Segment and Geographical Info_4

Segment and Geographical Information - Schedule of reconciliation of segment (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment and Geographical Information
Total income (loss) from discontinued operations	$ 0	$ 1	$ (0.3)	$ 461.4
Interest expense, net	32.2	15.8	92.8	55.9
Income tax (benefit) expense	(10.5)	23.8	3.7	50.2
Depreciation and amortization	38.7	31.1	118.8	93.1
Business acquisition, development, and integration costs	24.9	10.6	39.6	28.5
Inventory step-up charges	0	0	0.6	11.1
Restructuring charges	0.7	0.8	24.8	2.3
Other non-recurring costs related to a discrete commercial dispute	0	0	6.1	0
(Loss) income from continuing operations	(246.9)	45	(219.1)	556.3
Pension settlement charges	26.9	0	35.2	0
Corporate, Non-Segment [Member]
Segment and Geographical Information
Adjusted EBITDA (1)	(12.8)	(18.3)	(38.5)	(43.5)
Advanced Process Solutions | Operating segments
Segment and Geographical Information
Adjusted EBITDA (1)	109.2	93.6	306	238.1
Molding Technology Solutions | Operating segments
Segment and Geographical Information
Adjusted EBITDA (1)	$ 34.6	$ 50.8	$ 100.3	$ 141.4

Restructuring - Summary of Char

Restructuring - Summary of Charges by Operating Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring and Related Cost
Restructuring charges	$ (1.1)	$ 0.5	$ 21.5	$ 1.9
Cost of goods sold
Restructuring and Related Cost
Restructuring charges	5	0.2	14.5	0.1
Operating expenses
Restructuring and Related Cost
Restructuring charges	(6.1)	0.3	7	1.8
Operating segments | Advanced Process Solutions
Restructuring and Related Cost
Restructuring charges	0.6	0.1	1.1	1
Operating segments | Molding Technology Solutions
Restructuring and Related Cost
Restructuring charges	(1.7)	0.3	20.3	0.8
Operating segments | Cost of goods sold | Advanced Process Solutions
Restructuring and Related Cost
Restructuring charges	0.5	0	0.8	(0.1)
Operating segments | Cost of goods sold | Molding Technology Solutions
Restructuring and Related Cost
Restructuring charges	4.5	0.2	13.7	0.2
Operating segments | Operating expenses | Advanced Process Solutions
Restructuring and Related Cost
Restructuring charges	0.1	0.1	0.3	1.1
Operating segments | Operating expenses | Molding Technology Solutions
Restructuring and Related Cost
Restructuring charges	(6.2)	0.1	6.6	0.6
Corporate
Restructuring and Related Cost
Restructuring charges	0	0.1	0.1	0.1
Corporate | Cost of goods sold
Restructuring and Related Cost
Restructuring charges	0	0	0	0
Corporate | Operating expenses
Restructuring and Related Cost
Restructuring charges	$ 0	$ 0.1	$ 0.1	$ 0.1

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) $ in Millions	Jun. 30, 2024 USD ($)
The Program | Molding Technology Solutions
Restructuring and Related Cost
Restructuring liability	$ 13.8