Helios Technologies Announces $100 Million Multi-Year Share Repurchase Program
Helios Technologies (NYSE: HLIO) has announced a significant $100 million multi-year share repurchase program approved by its Board of Directors. The company, a global leader in motion control and electronic controls technology, plans to fund the buyback through cash on hand and operational cash flow.
CEO Sean Bagan highlighted the company's solid financial execution and strengthened cash generation as key factors enabling this initiative. The repurchase program will complement Helios's 27-year dividend history, enhancing shareholder returns. Management has flexibility to purchase shares in open market or private transactions, including through Rule 10b5-1 trading plans.
Despite recent weak market conditions, Helios has maintained investments in product innovations and regional manufacturing facilities, positioning itself for future growth through its market leadership in engineered solutions.
Helios Technologies (NYSE: HLIO) ha annunciato un significativo programma di riacquisto di azioni multi-annuale del valore di 100 milioni di dollari approvato dal suo Consiglio di Amministrazione. L'azienda, leader globale nella tecnologia di controllo del movimento e dei controlli elettronici, prevede di finanziare il riacquisto attraverso liquidità disponibile e flusso di cassa operativo.
Il CEO Sean Bagan ha sottolineato che la solida esecuzione finanziaria dell'azienda e il rafforzamento della generazione di cassa sono fattori chiave che rendono possibile questa iniziativa. Il programma di riacquisto completerà la storia di 27 anni di dividendi di Helios, migliorando i rendimenti per gli azionisti. La direzione ha la flessibilità di acquistare azioni nel mercato aperto o in transazioni private, anche attraverso piani di trading ai sensi della Regola 10b5-1.
Nonostante le recenti condizioni di mercato sfavorevoli, Helios ha mantenuto investimenti in innovazioni di prodotto e impianti di produzione regionali, posizionandosi per una crescita futura grazie alla sua leadership di mercato nelle soluzioni ingegnerizzate.
Helios Technologies (NYSE: HLIO) ha anunciado un programa de recompra de acciones por un valor de 100 millones de dólares a varios años aprobado por su Junta Directiva. La compañía, líder global en tecnología de control de movimiento y controles electrónicos, planea financiar la recompra a través de efectivo disponible y flujo de caja operativo.
El CEO Sean Bagan destacó la sólida ejecución financiera de la empresa y el fortalecimiento de la generación de efectivo como factores clave que permiten esta iniciativa. El programa de recompra complementará la historia de 27 años de dividendos de Helios, mejorando los retornos para los accionistas. La dirección tiene flexibilidad para comprar acciones en el mercado abierto o en transacciones privadas, incluso a través de planes de negociación bajo la Regla 10b5-1.
A pesar de las recientes condiciones débiles del mercado, Helios ha mantenido inversiones en innovaciones de productos e instalaciones de fabricación regionales, posicionándose para un crecimiento futuro a través de su liderazgo en el mercado de soluciones ingenierizadas.
Helios Technologies (NYSE: HLIO)는 이사회에서 승인한 1억 달러 규모의 다년간 자사주 매입 프로그램을 발표했습니다. 이 회사는 모션 제어 및 전자 제어 기술의 글로벌 리더로, 자사주 매입을 현금 보유 및 운영 현금 흐름을 통해 자금을 조달할 계획입니다.
CEO Sean Bagan은 회사의 견고한 재무 실행과 강화된 현금 생성이 이 이니셔티브를 가능하게 하는 주요 요인이라고 강조했습니다. 자사주 매입 프로그램은 Helios의 27년 배당 역사와 보완되어 주주 수익을 향상시킬 것입니다. 경영진은 공개 시장이나 사모 거래를 통해 주식을 구매할 수 있는 유연성을 가지고 있으며, 10b5-1 규칙에 따른 거래 계획을 통해서도 가능합니다.
최근 시장 상황이 좋지 않음에도 불구하고 Helios는 제품 혁신과 지역 제조 시설에 대한 투자를 유지하며 엔지니어링 솔루션 분야에서의 시장 리더십을 통해 미래 성장을 위한 포지셔닝을 하고 있습니다.
Helios Technologies (NYSE: HLIO) a annoncé un programme de rachat d'actions pluriannuel de 100 millions de dollars approuvé par son conseil d'administration. L'entreprise, leader mondial dans la technologie de contrôle de mouvement et de contrôle électronique, prévoit de financer le rachat grâce à des liquidités disponibles et à des flux de trésorerie opérationnels.
Le PDG Sean Bagan a souligné que l'exécution financière solide de l'entreprise et le renforcement de la génération de trésorerie sont des facteurs clés permettant cette initiative. Le programme de rachat viendra compléter l'historique de dividendes de 27 ans de Helios, améliorant ainsi les rendements pour les actionnaires. La direction a la flexibilité d'acheter des actions sur le marché ouvert ou dans des transactions privées, y compris par le biais de plans de trading selon la règle 10b5-1.
Malgré les récentes conditions de marché difficiles, Helios a maintenu ses investissements dans l'innovation produit et les installations de fabrication régionales, se positionnant pour une croissance future grâce à son leadership sur le marché des solutions techniques.
Helios Technologies (NYSE: HLIO) hat ein bedeutendes 100-Millionen-Dollar-Mehrjahres-Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Unternehmen, ein globaler Marktführer in der Bewegungstechnik und der elektronischen Steuerungstechnik, plant, den Rückkauf durch verfügbare liquide Mittel und operativen Cashflow zu finanzieren.
CEO Sean Bagan hob hervor, dass die solide finanzielle Umsetzung des Unternehmens und die gestärkte Cash-Generierung entscheidende Faktoren sind, die diese Initiative ermöglichen. Das Rückkaufprogramm wird die 27-jährige Dividendenhistorie von Helios ergänzen und die Renditen für die Aktionäre erhöhen. Das Management hat die Flexibilität, Aktien im offenen Markt oder in privaten Transaktionen zu kaufen, auch durch Handelspläne gemäß Regel 10b5-1.
Trotz der kürzlichen schwachen Marktbedingungen hat Helios die Investitionen in Produktinnovationen und regionale Produktionsstätten aufrechterhalten und sich so für zukünftiges Wachstum durch seine Marktführerschaft in ingenieurgemäßen Lösungen positioniert.
- Authorization of $100 million share repurchase program
- Strong cash generation and positive future outlook
- 27-year consistent dividend history
- Maintained investment in product innovation despite market weakness
- Weak market conditions over past two years
Insights
The newly announced
The company's 'in the region for the region' manufacturing strategy is particularly noteworthy in the current global context. This localized approach typically reduces transportation costs, minimizes supply chain risks, and often results in stronger cash flow generation through better working capital management. These operational efficiencies appear to be translating into enhanced financial flexibility, enabling the company to pursue this substantial buyback program while maintaining investment in growth initiatives.
Several key aspects of this announcement warrant attention:
- The multi-year nature of the program provides management with flexibility to opportunistically execute purchases, potentially enhancing the program's effectiveness in creating shareholder value.
- The authorization size suggests strong free cash flow expectations, as it will be funded through cash on hand and operational cash flow rather than debt.
- The dual role of CEO and CFO in Sean Bagan could streamline decision-making in program execution, though it also concentrates capital allocation authority.
- The company's focus on highly engineered, critical solutions typically commands higher margins and more stable cash flows, supporting the sustainability of this capital return initiative.
The timing of this announcement, following a period of market weakness, suggests management views the current valuation as attractive. The program's structure, allowing for various execution methods including Rule 10b5-1 trading plans, provides important systematic implementation options that can help manage market impact and regulatory compliance.
“Solid financial execution has led to measurably strengthening our cash generation and the future outlook for Helios is exciting. We are confident in our ability to continue to invest in organic growth, consider strategic acquisitions, and increase our return of capital to shareholders by supplementing our over 27 year dividend history with this share repurchase program,” said Sean Bagan, President, Chief Executive Officer, and Chief Financial Officer of Helios. “While market conditions have been weak over the last couple years, we have consistently invested in our business through product and solution innovations as well as our ‘in the region for the region’ manufacturing facility strategy. These actions combined with our leading market positions and highly engineered, critical solutions position us well for future growth.”
The Company may purchase shares at management’s discretion in the open market or privately negotiated transactions. This could include transactions structured through investment banking institutions or other means in accordance with applicable securities laws, including Rule 10b5-1 trading plans. The amount and timing of repurchases are subject to a variety of factors including, but not limited to, general business and market conditions, share price, regulatory requirements and capital availability. The share repurchase program will be funded with cash on hand and cash generated from operations.
About Helios Technologies
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisitions. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com and follow us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250224125216/en/
Investor and Media contacts:
Tania Almond
Vice President, Investor Relations and Corporate Communication
(941) 362-1333
tania.almond@HLIO.com
Deborah Pawlowski
Alliance Advisors IR
(716) 843-3908
dpawlowski@allianceadvisors.com
Source: Helios Technologies, Inc.
FAQ
What is the size of Helios Technologies' (HLIO) new share repurchase program?
How will HLIO fund its $100 million share buyback program?
What is Helios Technologies' (HLIO) dividend track record?
How will HLIO execute its share repurchase program?
What factors affect the timing of HLIO's share repurchases?
