Hillenbrand reports profits up, revenues down (slightly) for the second quarter. Earnings came in at $54.5 million, compared to $54 million for the same period last year.

The company also said its restructuring efforts, which the company
announced in September, are being executed as planned in the United
States and Europe.

Hillenbrand said it's on target to achieve its projected cost savings of $41 million this year from the restructuring.

The company's revenues fell 1 percent to $495.6 million.

According to new CEO, Peter Soderberg, restructuring progress should continue through the year.