Acquisitions (Tables)

12 Months Ended

Sep. 30, 2024

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final fair values of the assets acquired and liabilities assumed as of the acquisition date:

	September 1, 2023 (as initially reported)		Measurement Period Adjustments		September 1, 2023 (as adjusted)
Assets acquired:
Cash and cash equivalents	$	17.3	$	—	$	17.3
Trade receivables	65.2		(8.7)		56.5
Receivables from long-term manufacturing contracts	22.4		—		22.4
Inventories	64.8		1.8		66.6
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		(1.6)		474.9
Other non-current assets	2.7		3.2		5.9
Total assets acquired	1,035.5		14.1		1,049.6
Liabilities assumed:
Trade accounts payable	59.4		(2.3)		57.1
Liabilities from long-term manufacturing contracts	86.6		11.0		97.6
Accrued compensation	13.5		—		13.5
Other current liabilities	45.7		(1.0)		44.7
Accrued pension and postretirement healthcare	—		2.2		2.2
Operating lease liabilities	9.5		—		9.5
Deferred income taxes	69.0		(19.4)		49.6
Other non-current liabilities	3.1		9.0		12.1
Total liabilities assumed	286.8		(0.5)		286.3
Net assets acquired	$	748.7	$	14.6	$	763.3

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The 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 Acquisitions, by Acquisition

The following table provides the results of operations for FPM included in Hillenbrand’s Consolidated Statement of Operations:

	Year Ended September 30,
	2024		2023
Net revenue	$	535.7	$	43.3
Income from continuing operations before income taxes	58.7		3.4

Schedule of Business Acquisition Pro Forma Information

The supplemental pro forma financial information for the periods presented is as follows:

	Year Ended September 30,
	2023		2022
Net revenue	$	3,331.3	$	3,241.4
Income from continuing operations attributable to Hillenbrand	137.7		111.3
Income from continuing operations attributable to Hillenbrand — per share of common stock:
Basic earnings per share from continuing operations	$	1.97	$	1.55
Diluted earnings per share from continuing operations	$	1.96	$	1.54