Helios Technologies Provides Update on Status from Hurricane Milton
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) ha fornito un aggiornamento preliminare sul suo stato dopo l'uragano Milton. La sede principale dell'azienda e Sun Hydraulics, una parte significativa del suo segmento idraulico, si trovano a Sarasota, che è stata colpita direttamente dall'uragano. Helios sta attualmente valutando i danni e le interruzioni nelle sue strutture in Florida, in particolare l'impatto sulle operazioni di produzione.
L'azienda ha avviato collaborazioni con i partner assicurativi per ridurre al minimo l'impatto finanziario delle perdite materiali. Helios punta a riprendere le operazioni nelle località colpite il prima possibile. Ulteriori aggiornamenti e stime degli effetti dell'uragano sui risultati finanziari e sulle operazioni saranno forniti una volta completata la valutazione e non appena saranno disponibili ulteriori informazioni.
Helios Technologies (NYSE: HLIO) ha proporcionado una actualización preliminar sobre su estado tras el huracán Milton. La sede corporativa mundial de la empresa y Sun Hydraulics, una parte significativa de su segmento hidráulico, están ubicadas en Sarasota, que fue golpeada directamente por el huracán. Helios está evaluando actualmente los daños y las interrupciones en sus instalaciones de Florida, especialmente el impacto en las operaciones de manufactura.
La empresa ha iniciado conversaciones con socios aseguradores para minimizar el impacto financiero de las pérdidas materiales. Helios tiene como objetivo reanudar las operaciones en los lugares afectados lo más pronto posible. Se proporcionarán más actualizaciones y estimaciones sobre los efectos del huracán en los resultados financieros y las operaciones una vez que se complete la evaluación y se disponga de más información.
헬리오스 테크놀로지스 (NYSE: HLIO)가 허리케인 밀턴 이후 자신의 상태에 대한 초기 업데이트를 제공했습니다. 회사의 세계적인 본사와 유압 부문의 중요한 부분인 선 유압이 있는 장소는 헬리오스가 직면한 허리케인으로 인해 직접적으로 타격을 받은 사라소타에 있습니다. 헬리오스는 현재 플로리다 시설의 피해와 혼란을 평가하고 있습니다, 특히 제조 운영에 미치는 영향을 살펴보고 있습니다.
회사는 물리적 손실로 인한 재정적 영향을 최소화하기 위해 보험 파트너와 협력하고 있습니다. 헬리오스는 영향을 받은 장소에서 가능한 한 빨리 운영을 재개하는 것을 목표로 하고 있습니다. 추가 업데이트 및 허리케인이 재무 결과와 운영에 미치는 영향에 대한 추정치는 평가가 완료되고 추가 정보가 제공되면 제공될 것입니다.
Helios Technologies (NYSE: HLIO) a fourni une mise à jour préliminaire sur son état suite à l'ouragan Milton. Le siège social mondial de l'entreprise et Sun Hydraulics, une partie significative de son segment hydraulique, se trouvent à Sarasota, qui a été directement touchée par l'ouragan. Helios évalue actuellement les dommages et les perturbations dans ses installations en Floride, en particulier l'impact sur les opérations de fabrication.
L'entreprise a engagé un dialogue avec les partenaires d'assurance pour minimiser l'impact financier des pertes matérielles. Helios vise à reprendre ses activités dans les sites affectés le plus rapidement possible. D'autres mises à jour et estimations des effets de l'ouragan sur les résultats financiers et les opérations seront fournies une fois l'évaluation terminée et que plus d'informations seront disponibles.
Helios Technologies (NYSE: HLIO) hat ein vorläufiges Update zu seinem Status nach dem Hurrikan Milton gegeben. Der Firmensitz und Sun Hydraulics, ein wesentlicher Teil des Hydrauliksegments, befinden sich in Sarasota, das direkt vom Hurrikan betroffen war. Helios bewertet derzeit die Schäden und Störungen in seinen Einrichtungen in Florida, insbesondere die Auswirkungen auf die Produktionsabläufe.
Das Unternehmen hat sich mit Versicherungspartnern zusammengetan, um die finanziellen Auswirkungen physischer Verluste zu minimieren. Helios hat das Ziel, die Betriebe an den betroffenen Standorten so schnell wie möglich wieder aufzunehmen. Weitere Updates und Schätzungen zu den Auswirkungen des Hurrikans auf die finanziellen Ergebnisse und Betriebsabläufe werden bereitgestellt, sobald die Bewertung abgeschlossen ist und weitere Informationen verfügbar sind.
- Engagement with insurance partners to minimize financial impact from physical losses
- Proactive approach in assessing damage and working to resume operations quickly
- Potential disruption to manufacturing operations in Sarasota
- Possible physical damage to Florida facilities
- Uncertainty regarding the full extent of the hurricane's impact on financial results and operations
"Our immediate concern is for the safety and well-being of our colleagues, their families, and the residents of the communities throughout the region affected by this devastating storm," said Sean Bagan, Interim President, Chief Executive Officer, and Chief Financial Officer of Helios. “Sarasota, which was directly hit by the hurricane, is home to our worldwide corporate headquarters and our operating company Sun Hydraulics, a material part of our Hydraulics segment. The extent of the damage and disruption are being assessed at our
Once it has completed its assessment and as more information is available, the Company plans to provide further updates and its estimates of the effects of Hurricane Milton on its financial results and 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 acquisition. 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/20241010345129/en/
Investor and Media contacts:
Tania Almond
Vice President, Investor Relations and Corporate Communication
(941) 362-1333
tania.almond@HLIO.com
Deborah Pawlowski
Kei Advisors LLC
(716) 843-3908
dpawlowski@keiadvisors.com
Source: Helios Technologies, Inc.
FAQ
How has Hurricane Milton affected Helios Technologies (HLIO)?
What steps is Helios Technologies (HLIO) taking to address the hurricane's impact?
When will Helios Technologies (HLIO) provide more information about the hurricane's effects?
