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. (NASDAQ: HLIO) is a globally recognized industrial technology company specializing in the design, manufacture, and marketing of innovative solutions for the hydraulics and electronics markets. Headquartered in the United States, Helios operates across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions, serving a diverse range of industries including agriculture, construction, industrial machinery, marine, and recreational vehicles.
Business Segments
Helios Technologies operates through two primary business segments: Hydraulics and Electronics. Each segment is tailored to address specific market needs, leveraging the company's engineering expertise and commitment to innovation.
Hydraulics Segment
The Hydraulics segment focuses on the development and production of advanced hydraulic components and systems. Key offerings include:
- Cartridge Valve Technology: Products designed to control fluid flow rates and directions, as well as regulate and manage pressure levels in industrial and mobile applications.
- Quick Release Hydraulic Couplings: Engineered for use in agriculture, construction equipment, and industrial markets, these solutions ensure efficient and reliable fluid connections.
- Hydraulic System Design: Customized, engineered solutions that cater to the specific needs of machine users, manufacturers, and designers.
Products in this segment are marketed under well-established brands such as Sun Hydraulics, Faster, and Custom Fluidpower, reinforcing Helios's reputation for quality and reliability in the hydraulics industry.
Electronics Segment
The Electronics segment provides cutting-edge electronic control systems and displays tailored for a variety of specialized applications. Key offerings include:
- Displays and Instrumentation: Advanced interfaces for monitoring and controlling machinery in off-highway vehicles, recreational and commercial marine vessels, and specialty vehicles.
- Control Systems: Customizable electronic control solutions designed for agriculture, water pumping, power generation, and engine-driven equipment.
This segment caters to industries requiring precision, reliability, and user-friendly interfaces, aligning with Helios's goal of enhancing operational efficiency and end-user experience.
Market Position and Competitive Landscape
Helios Technologies is positioned as a key player in the industrial technology sector, leveraging its dual-segment approach to address both traditional and emerging market needs. Its ability to integrate hydraulics and electronics into cohesive solutions provides a competitive edge, particularly in industries undergoing digital transformation. By focusing on engineered solutions and branded product lines, Helios differentiates itself from competitors, which include both large multinational corporations and specialized niche players.
Value Proposition
At its core, Helios Technologies delivers value through innovation, engineering excellence, and a commitment to solving complex challenges for its customers. The company's products and systems are designed to enhance efficiency, reliability, and performance across a wide range of applications. Its global footprint and diversified customer base further underscore its resilience and adaptability in a competitive market.
Industry Relevance
As industries increasingly demand integrated solutions that combine mechanical and electronic systems, Helios Technologies is well-positioned to capitalize on these trends. Its expertise in hydraulics and electronics allows it to address the evolving needs of industrial and mobile applications, making it a vital partner for businesses seeking advanced technological solutions.
Helios Technologies reported strong financial results for Q4 and the full year 2020, driven by robust performance across its business segments, particularly in agriculture, marine, and health and wellness. The Balboa acquisition, completed on November 6, 2020, exceeded expectations, contributing positively in its initial months. Helios is focused on diversifying its customer base and expanding into new markets. The company is investing in capacity expansion and productivity improvements while maintaining healthy cash generation and reducing its net leverage to 3.0x, enhancing its financial flexibility.
Helios Technologies, Inc. (Nasdaq: HLIO) announced that its subsidiary, Faster S.r.l, received the 2020 John Deere Supplier Innovation Award for its innovative multi-connection couplings with integrated valve system. The award recognizes suppliers based on creativity, feasibility, collaboration, and bottom-line impact. CEO Josef Matosevic expressed gratitude for the honor and highlighted the productive 35-year relationship with John Deere, emphasizing the synergy between Faster S.r.l and Sun Hydraulics LLC in developing advanced hydraulic solutions.
Helios Technologies (Nasdaq: HLIO) will release its fourth quarter and full year 2020 financial results after market close on March 1, 2021. CEO Josef Matosevic and CFO Tricia Fulton will host a conference call on March 2, 2021, at 9:00 a.m. ET to discuss the results and the company's corporate strategies and outlook. Helios is known for its motion control and electronic controls technology across various markets, including construction and agriculture, and has been consistently paying dividends since going public in 1997.
Helios Technologies (Nasdaq: HLIO) has acquired substantially all assets of BJN Technologies, an engineering solutions provider, forming the Center of Engineering Excellence (HCEE). This strategic acquisition is aimed at enhancing technology integration and product development. The deal is financed through cash and equity, with BJN's leadership team joining Helios. BJN, established in 2014, specializes in customized engineering solutions and has previously collaborated with Helios. The acquisition is aligned with Helios's Vision 2025 strategy to diversify markets and expand its product portfolio.
Helios Technologies (Nasdaq: HLIO) has declared a quarterly cash dividend of $0.09 per common share, marking the 97th consecutive quarterly dividend since 1997. The dividend is scheduled for payment on January 20, 2021, to stockholders on record as of January 5, 2021. The company maintains approximately 32.1 million shares of common stock outstanding, showcasing its commitment to returning value to shareholders.
Helios Technologies (HLIO) has successfully completed the acquisition of Balboa Water Group for $218.5 million, a move aimed at enhancing its Electronics segment. Balboa, a leader in electronic controls for the health and wellness sector, operates globally from its headquarters in Costa Mesa, CA, serving 47 countries. The acquisition is seen as a strategic step in Helios's Vision 2025 strategy, promising attractive financial returns and opportunities for product development. Helios financed the deal through an amended credit agreement and existing cash, maintaining a targeted net debt leverage of less than 2.0x.
Helios Technologies (Nasdaq: HLIO) announced participation in the Baird 2020 Global Industrial Conference on November 12, 2020. CEO Josef Matosevic and CFO Tricia Fulton will present at 12:15 p.m. ET. A live audio webcast will be accessible on the Company's Investor Relations page. Helios focuses on developing and manufacturing hydraulic and electronic control solutions across various markets, operating through two segments: Hydraulics and Electronics.
Helios Technologies (Nasdaq: HLIO) reported Q3 2020 results with revenue of $122.6 million, down 11% from Q3 2019, and net income of $13 million (flat EPS of $0.40). Despite reduced sales, gross margins improved to 38.3%, driven by effective cost management. The company generated $36.7 million in cash during the quarter, allowing for a $50 million reduction in net debt year-to-date. Helios announced plans to acquire Balboa Water Group for $218.5 million, aligning with its growth strategy. The full-year 2020 revenue outlook is set between $485 to $495 million.
Helios Technologies (Nasdaq: HLIO) announced a new $900 million senior secured credit agreement effective October 28, 2020. The agreement includes a $300 million accordion feature and is structured to offer improved borrowing capacity. Helios intends to use these funds to repay existing credit facilities, finance acquisitions like Balboa Water Group, and for working capital. The agreement, facilitated by a syndicate led by PNC Bank, signifies strong confidence from lenders and supports the Company's Vision 2025 strategy, aiming for robust growth and liquidity.
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