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. (NYSE: HLIO) regularly issues news and updates describing its activities as a global leader in highly engineered motion control and electronic controls technology. This news stream covers developments across its Hydraulics and Electronics segments and across the diverse end markets it serves, including construction, material handling, agriculture, energy, recreational vehicles, marine, and health and wellness.
On this page, readers can find press releases about Helios’ financial results, such as quarterly earnings announcements and segment performance commentary, as well as board decisions on quarterly cash dividends. The company has highlighted consecutive quarterly dividends since becoming a public company in 1997, and dividend declarations are frequently reported through current reports and related news releases.
Helios’ news also features product and technology launches from its operating companies, including Sun Hydraulics and Faster S.r.l. Recent announcements have described new hydraulic cartridge valves, energy-harvesting fluid power technologies, and hydraulic connection and casting solutions designed for demanding mobile and industrial applications. These items illustrate how Helios’ motion control and electronic control technologies are applied in equipment such as mobile aerial work platforms, tractors, and other machinery.
Corporate governance and leadership updates are another key element of HLIO news. The company issues releases and files Form 8-Ks regarding executive appointments, changes in leadership roles, and related compensation arrangements. Together, these news items provide investors, analysts, and industry observers with an ongoing view of Helios’ operations, technology developments, capital allocation decisions, and management changes. Bookmark this page to access the latest HLIO news and historical announcements in one place.
Helios Technologies, Inc. (NYSE: HLIO) declared a quarterly cash dividend of $0.09 per common share, payable on January 20, 2023, to stockholders of record as of January 5, 2023. This marks a continuation of its commitment to returning value to shareholders, with consecutive dividends issued since the first quarter of 1997. Helios operates in diverse markets including construction, agriculture, and health, employing approximately 32.6 million shares of common stock. The company focuses on innovation and acquisitions to enhance its market position.
Helios Technologies has launched SpaTouch4™, the most advanced display panel for the spa market. Developed through collaboration between the Helios Center of Engineering Excellence and the Electronics segment, SpaTouch4™ is based on the Next Display Platform™. It features Bluetooth and Wi-Fi capabilities, allowing for over-the-air updates and cloud-based access control. This innovation enables spa manufacturers to customize user experiences. Commercial availability is expected in Q1 2023, in line with Helios’ strategy of enhancing market reach through innovation.
Helios Technologies reported its Q3 2022 financial results, highlighting a year-to-date revenue increase of 6% despite challenges from Hurricane Ian and macroeconomic conditions. The net sales for Q3 were $207.2 million, down 7% from the previous year, attributed partly to a $5.3 million loss from hurricane impacts. The diluted EPS decreased to $0.63, a 26% decline year-over-year. The company continues aiming for $1 billion in revenue for 2023, with a net debt to adjusted EBITDA ratio of 1.90x, reflecting financial flexibility despite ongoing inflation and currency fluctuations.
Helios Technologies (NYSE: HLIO) announced a Fireside Chat at the Baird 2022 Global Industrial Conference on November 8, 2022. The discussion will feature CEO Josef Matosevic, CFO Tricia Fulton, and VP Tania Almond, starting at 11:25 a.m. Central Time. A live audio webcast will be available on the company's Investor Relations page at heliostechnologies.com/ir-calendar, with a replay accessible post-event.
Helios specializes in motion control and electronic controls technology, serving diverse markets globally.
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Helios Technologies (NYSE: HLIO) will release its third quarter 2022 financial results on November 7, 2022, prior to market opening. CEO Josef Matosevic and CFO Tricia Fulton will host a conference call at 9:00 a.m. Eastern Time to review financial performance and discuss corporate strategies. Helios has consistently paid dividends since becoming public in 1997 and markets its advanced motion control and electronic control technologies across various sectors in over 90 countries.
Helios Technologies (NYSE: HLIO) has introduced the OpenView™ product family, expanding its display offerings with enhanced reliability and versatility. The new displays, designed on an open-source platform, include a 5-inch S50 and a 7-inch S70 model, targeting diverse applications. These products feature a high-brightness LCD panel in an IP65-rated case, suitable for various weather conditions. Commercial availability is expected in Q1 2023, enhancing Helios' market reach.
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Helios Technologies, Inc. (NYSE: HLIO) has declared a quarterly cash dividend of $0.09 per common share, reflecting its commitment to returning value to shareholders. This dividend will be payable on October 20, 2022 to stockholders of record as of October 5, 2022. Helios has consistently paid dividends since public listing in 1997, showcasing financial stability with approximately 32.5 million shares outstanding.
Helios Technologies (NYSE: HLIO) has successfully acquired Daman Products Company, enhancing its Hydraulics segment with advanced manifold design and manufacturing capabilities. This strategic acquisition is anticipated to expand Helios’ market presence, with expectations to grow Daman’s revenue from a small business to nearing $100 million within five years. Helios CEO Josef Matosevic highlighted the synergies and technological advancements expected from this integration, aiming for improved offerings in fluid power solutions.