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 (HLIO) will announce its second quarter 2021 financial results on August 9, 2021, post-market. The CEO, Josef Matosevic, and CFO, Tricia Fulton, will hold a conference call on August 10 at 9:00 a.m. ET to discuss financial outcomes and future strategies. Helios Technologies focuses on engineered motion control and electronic controls for diverse markets, maintaining a strong commitment to innovation and customer service in over 85 countries. The company has consistently paid quarterly dividends since its public offering in 1997.
Helios Technologies (NASDAQ: HLIO) has successfully completed the acquisition of NEM S.r.l., an innovative hydraulic solutions provider. This acquisition, initially announced on June 14, 2021, enhances Helios's electro-hydraulic product offerings and facilitates geographic expansion. NEM's expertise in Cartridge Valve Technology (CVT) is expected to boost Helios's OEM business globally. The acquisition aligns with Helios's strategy for growth through targeted acquisitions and innovative product development.
Helios Technologies (Nasdaq: HLIO) hosted a hybrid investor day, revealing an accelerated growth strategy. CEO Josef Matosevic highlighted plans to achieve $1 billion in revenue by the end of 2023, two years ahead of schedule, alongside an expected adjusted EBITDA margin of approximately 25%. The company aims for organic sales growth at twice the market rate and a 22% CAGR for cash earnings per share. Key strategic pillars include protecting the business, global market initiatives, revenue diversification, and talent development.
Helios Technologies (Nasdaq: HLIO) has signed an agreement to acquire NEM S.r.l., a hydraulic solutions firm based in Italy. This acquisition is designed to enhance Helios's capabilities in Cartridge Valve Technology (CVT) and expand its geographic reach in electro-hydraulics, particularly in Europe. CEO Josef Matosevic emphasized the strategic importance of this deal for driving growth and creating shareholder value. The transaction is expected to close in Q3 2021, pending customary conditions, though financial terms remain undisclosed.
Helios Technologies, Inc. (Nasdaq: HLIO) announced the appointment of Jason Morgan as President of Cartridge Valve Technology (CVT) effective June 4, 2021. Morgan has been with Helios since 2018, previously serving as Senior Vice President and Managing Director of CVT. CEO Josef Matosevic highlighted Morgan's extensive experience and contributions, emphasizing the importance of his leadership in advancing Helios's growth strategy. Morgan aims to focus on developing smarter components and integrated systems in response to market demands for digital controls and smart hydraulics.
Helios Technologies (Nasdaq: HLIO) declared a quarterly cash dividend of $0.09 per share, marking the 99th consecutive quarterly dividend since 1997. The dividend is payable on July 20, 2021, to stockholders recorded by July 5, 2021. Helios has approximately 32.2 million shares outstanding and aims to lead niche markets through innovative product development and acquisitions. The company maintains a strong commitment to its shareholders with consistent dividend payments, highlighting its financial stability.
Helios Technologies (HLIO) announced a hybrid investor and analyst day on June 15, 2021. The event, starting at 9:30 a.m. EDT, will feature presentations from key executives, including President and CEO Josef Matosevic and CFO Tricia Fulton. They will discuss the company's long-term growth strategy and outlook. Attendees can join through a webcast accessible on the company's website, with a replay and slides available post-event. Helios is recognized for its advanced motion control and electronic control technologies across multiple sectors.
Helios Technologies reported strong Q1 2021 results, driven in part by the acquisition of Balboa Water Group. The Company exceeded performance expectations with robust demand across various markets, particularly in Electronics and Hydraulics. CEO Josef Matosevic emphasized record demand, capacity expansion, and market share gains. Despite facing challenges including rising material costs and supply chain constraints, Helios maintained margins through strategic pricing. The recent acquisition of Shenzhen Joyonway Electronics further enhances capacity and supports the Company’s focus on regional capabilities.
Helios Technologies (Nasdaq: HLIO) has signed a definitive agreement to acquire the electronic control systems and parts business from Shenzhen Joyonway Electronics & Technology Co., Ltd. This acquisition aims to enhance Helios' electronic controls platform, expand manufacturing capacity, and strengthen the supply chain. The move aligns with Helios' strategy of growth through acquisitions and innovative product development. The deal is expected to close in Q3 2021, though financial terms were not disclosed.
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