Hillenbrand Inc (Hillenbrand) focuses on providing advanced industrial equipment and systems, serving industries such as plastics, food and beverage, and pharmaceuticals. The company’s solutions find application in diverse end markets, including plastic, food, and mineral, pharmaceutical, chemical, and death care markets. Hillenbrand operates through two reportable business segments: Advanced Process Solutions and Molding Technology Solutions (MTS) . Geographically, the company releases earnings in five major regions: United States, Germany, China, India, and Other Countries. In FY2024, the company incurred a capital expenditure of US$69.3 million which declined 21.8% YoY.

Hillenbrand is focused on driving innovation and new product development by providing innovative product and service solutions to address customer challenges. The company leverages shared research and development and technology across the enterprise to develop new products aimed at solidifying Molding Technology Solutions' current market positions and expanding the market through the introduction of technology that displaces other materials, primarily metal and glass. Hillenbrand also aims to provide value-added end-to-end solutions from individual components to integrated systems and enable customers in key end markets to fulfill sustainability requirements, such as the reduction of virgin resin. Additionally, the company extends applications expertise to win in adjacent markets with high growth potential and develops new products driven by voice of customer input and changing needs.In FY2024, the company spent US$36.7 million on R&D, which as a percentage of total revenue was 1.2%.