Welcome to our dedicated page for Helios Technologies news (Ticker: HLIO), a resource for investors and traders seeking the latest updates and insights on Helios Technologies stock.
Helios Technologies, Inc. (symbol: HLIO) is an industrial technology company that designs, manufactures, and markets advanced solutions for the hydraulics and electronics sectors across the globe, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The company operates through two main segments: Hydraulics and Electronics. The Hydraulics segment focuses on producing cartridge valve technology products to control fluid flow rates and directions, as well as regulating and controlling pressures for both industrial and mobile applications. Additionally, this segment provides quick release hydraulic coupling solutions tailored for the agriculture, construction, and industrial markets. Under esteemed brand names such as Sun Hydraulics, Faster, and Custom Fluidpower, Helios Technologies also designs hydraulic systems, offering engineered solutions to enhance machine functionality.
The Electronics segment specializes in the development of displays, controls, and instrumentation products for diverse markets, including off-highway, recreational and commercial marine, power sports, specialty vehicles, agriculture, water pumping, power generation, and engine-driven applications. This segment is dedicated to delivering customized electronic control systems to meet specific industry needs.
Helios Technologies is known for its commitment to innovation and quality, continuously pushing the boundaries to provide effective solutions for complex market demands. The company maintains a strong financial position and strategic partnerships, facilitating ongoing research and development. Its recent achievements include the expansion of product lines and enhancement of global market presence, underscoring its significance in the industrial technology landscape.
For investors and stakeholders, Helios Technologies represents a solid investment opportunity, leveraging a balanced portfolio of hydraulic and electronic products and services that cater to numerous high-growth industries.
Helios Technologies (NYSE: HLIO) has announced its 112th consecutive quarterly cash dividend, maintaining a tradition spanning over 27 years. The company's Board of Directors has declared a quarterly dividend of $0.09 per common share, payable on January 20, 2025, to stockholders of record as of January 3, 2025. The company currently has approximately 33.2 million shares of common stock outstanding.
Helios Technologies (NYSE: HLIO) has introduced the PowerView™ U35, the first round display in their Ultimate Series of premium rugged displays. This next-generation product features a high-speed dual-core processor and a 3.5-inch optically bonded screen with 1000 Nit brightness and IP67 rating. The display includes CAN, USB, and Wi-Fi interfaces, along with digital and analog I/O capabilities.
The U35 operates in temperatures from -30°C to +70°C and will be available for order by the end of 2024 through Enovation Controls, part of Helios' Electronics segment. The product is designed for extreme environments and various industrial applications, offering high visibility and advanced processing power.
Helios Technologies (NYSE: HLIO) announces the market introduction of PowerView® U150 and PowerView® U120 displays, now available on select MY25 MasterCraft boats through its operating company, Enovation Controls. The displays, developed over a three-year lifecycle, will be featured on MasterCraft's XStar, X and XT boats. The new displays offer best-in-class viewability, exceptional durability against harsh marine conditions, user-friendly interface, and seamless integration. This launch marks over 15 years of collaboration between Helios and MasterCraft.
Helios Technologies (NYSE: HLIO) announced its participation in several upcoming investor conferences. Sean Bagan, Interim President, CEO, and CFO, and/or Tania Almond, VP of Investor Relations, will represent the company at five major events:
These include the Baird Global Industrial Conference in Chicago (Nov 13, 2024), NYSE Investor Access Virtual Industrials Day (Nov 19, 2024), Wolfe Research's Small & Mid-Cap Conference in New York (Dec 4, 2024), Oppenheimer Midwest Virtual Summit (Dec 12, 2024), and CJS Annual New Ideas Conference (Jan 14, 2025). The Baird conference will feature a fireside chat webcast at 2:20 p.m. Central Time.
Helios Technologies (NYSE: HLIO) reported Q3 2024 results with net sales of $194.5 million, down 3% year-over-year. The company generated $34.8 million in operating cash flow, up 195% from prior year. Gross margin expanded 150 bps to 31.1%, while diluted EPS reached $0.34. Notable achievements include $19.3 million debt reduction and improved net debt leverage ratio to 2.8x.
Due to weaker market conditions and hurricane impacts, Helios updated its 2024 outlook, now expecting revenue between $800-805 million, adjusted EBITDA of $152-158 million, and diluted Non-GAAP EPS of $2.10-2.20.
Helios Technologies (NYSE: HLIO) announces that its operating company Enovation Controls UK has been recognized as one of the UK's Best Workplaces in Manufacturing, Production & Transportation™ by Great Place to Work®. This recognition highlights the company's dedication to creating a positive workplace culture and prioritizing employee development.
The award acknowledges Enovation Controls' commitment to fostering trust and empowering colleagues. Sean Bagan, Interim President, CEO, and CFO of Helios, emphasized that this achievement reflects the strong collaborative culture within both Enovation Controls and the broader Helios family. Notably, Enovation Controls was also named one of the UK's Best Workplaces for Women™ in 2024.
Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, has announced its schedule for the release of third quarter 2024 financial results. The company will disclose its results after market close on Tuesday, November 5, 2024. The following day, Wednesday, November 6, 2024, at 9:00 a.m. Eastern Time, Sean Bagan, Interim President, CEO, and CFO, will host a conference call and webcast to discuss the company's financial and operating results, corporate strategies, and outlook.
Investors can access the call via phone at (201) 689-8573 or through an internet webcast on the company's website. A telephonic replay will be available until November 20, 2024, by dialing (412) 317-6671 with conference ID 13748511. The webcast replay and transcript will be accessible in the investor relations section of Helios Technologies' website.
Helios Technologies (NYSE: HLIO) has provided an update on its recovery efforts following Hurricane Milton's direct hit on Sarasota. Two of the company's three Sun Hydraulics manufacturing facilities in Sarasota have reopened just six days after the Category 3 hurricane made landfall. The third facility, which sustained more extensive damage, remains closed as the team works on recovery efforts.
Sean Bagan, Interim President, CEO, and CFO, expressed gratitude for the safety of employees and praised their efforts in assessing and remediating damages. Rick Martich, President of Hydraulics, Americas, highlighted the team's tireless work and support from global Helios businesses. The company is also evaluating potential impacts on regional suppliers, freight carriers, and infrastructure.
Helios plans to provide estimates of Hurricane Milton's effects on its fourth quarter financial projections when it reports its upcoming third quarter 2024 financial results.
Helios Technologies (NYSE: HLIO) has provided a preliminary update on its status following Hurricane Milton. The company's worldwide corporate headquarters and Sun Hydraulics, a significant part of its Hydraulics segment, are located in Sarasota, which was directly hit by the hurricane. Helios is currently assessing the damage and disruption to its Florida facilities, particularly the impact on manufacturing operations.
The company has engaged with insurance partners to minimize financial impact from physical losses. Helios aims to resume operations at affected locations as quickly as possible. Further updates and estimates of the hurricane's effects on financial results and operations will be provided once the assessment is complete and more information becomes available.
Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, has announced its 111th consecutive quarterly cash dividend. The Board of Directors declared a dividend of $0.09 per common share, payable on October 21, 2024 to stockholders of record as of October 4, 2024. This extends Helios' impressive streak of over 27 years of consecutive quarterly dividends to stockholders. The company currently has approximately 33.2 million shares of common stock outstanding.
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