Helios Technologies, Inc. - HLIO STOCK NEWS

Helios Technologies (NASDAQ: HLIO) will announce its third quarter 2021 financial results on November 8, 2021, before the market opens. A conference call hosted by CEO Josef Matosevic and CFO Tricia Fulton will follow at 9:00 a.m. ET to discuss financial and operational outcomes, as well as future strategies. The call will allow participation via phone and online, with a replay available until November 15, 2021. Helios is known for its engineered motion control and electronic technologies across various industries, maintaining a history of quarterly dividends since its public debut in 1997.

Helios Technologies, Inc. (NYSE: HLIO) announced the transfer of its common stock listing from Nasdaq to the New York Stock Exchange (NYSE), effective November 1, 2021. This transition is expected to provide enhanced brand visibility and investor-relations services. The move is part of Helios's strategic growth plan, positioning it among leading companies. The listing transfer will be seamless for investors, requiring no action on their part. CEO Josef Matosevic highlighted the benefits of joining the NYSE, citing its unique market model and network of industry leaders.

Helios Technologies (HLIO) has successfully completed the acquisition of assets from Shenzhen Joyonway Electronics, enhancing its electronic control systems portfolio. Joyonway specializes in control panels and software for the health and wellness sector, significantly boosting Helios's capabilities in this region. The acquisition aligns with Helios's strategy to achieve $1 billion in sales by 2023 and improve its supply chain and manufacturing capacity.

Helios Technologies (NASDAQ: HLIO) has launched the uControl™ mobile machine controllers, enhancing their product lineup for heavy-duty equipment. These controllers offer precise control with features like extensive I/O options, durability in extreme conditions, and compatibility with the ACE™ software platform. The launch aligns with Helios's strategy to lead in niche markets through innovation. New distributors across the U.S. are prepared to support the rollout, contributing to improved customer solutions and operational efficiency.

Helios Technologies (NASDAQ: HLIO) has declared a quarterly cash dividend of $0.09 per common share, marking its ongoing commitment to returning value to shareholders. This dividend will be payable on October 20, 2021, to stockholders of record as of October 5, 2021. Helios has consistently paid dividends since 1997, demonstrating its stable financial performance and shareholder confidence.

Helios Technologies (NASDAQ: HLIO) supports the "CLAMpaign for Clean Water" by Sarasota Bay Watch, aiming to raise $100,000 to add one million clams to Sarasota Bay. The initiative has already placed over 750,000 clams to restore ecosystems and improve water quality. Helios will match donations up to $10,000 from other contributors. This campaign exemplifies the company’s commitment to social and environmental causes. The Southern hardshell clams can filter six gallons of water daily and are resilient to conditions like red tide.

Helios Technologies (NASDAQ: HLIO), a leader in engineered motion control and electronic controls technology, will present at the Morgan Stanley Virtual 9th Annual Laguna Conference on September 15, 2021, at 2:15 p.m. Eastern Time. The session features CEO Josef Matosevic, CFO Tricia Fulton, and VP Tania Almond. A live audio webcast will be available on the Investor Relations page. Helios is committed to market leadership and innovation across various sectors, having consistently paid dividends since its IPO in 1997.

Helios Technologies (Nasdaq: HLIO) has appointed Jean-Pierre "JP" Parent as the Senior Vice President and Managing Director of Balboa Water Group, effective August 20, 2021. Parent, who joined Helios in November 2020 as Executive Vice President of Global Sales, brings over 35 years of managerial experience, focusing on strategic business planning and innovation. CEO Josef Matosevic expressed confidence in Parent's ability to propel the company's Electronics segment forward, reinforcing Helios's commitment to leveraging internal talent while pursuing growth in niche markets.

Helios Technologies, a leader in motion and electronic controls, reported strong second-quarter results for 2021, with net sales of $223.4 million, an 87% increase year-over-year. Gross profit rose 84% to $82.2 million, resulting in a gross margin of 36.8%. The company achieved a net income of $30.7 million, or $0.95 per diluted share, up 138%. Helios aims for $1 billion in revenue by 2023, two years ahead of schedule. The successful acquisition of NEM enhances their hydraulics product line, positioning the company favorably amid supply chain challenges.