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.
Company Overview
Helios Technologies Inc is an industrial technology company that develops, manufactures, and markets advanced solutions for both hydraulics and electronics markets. With a robust footprint spanning the Americas, Europe, Middle East, Africa, and Asia Pacific, the company integrates precision engineering with innovative design to meet the diverse needs of industrial, mobile, and specialty markets. Key industry-specific keywords such as hydraulics, electronics, and engineering underscore its technical prowess from the outset.
Hydraulic Solutions
The hydraulics segment of Helios Technologies is dedicated to providing comprehensive fluid power solutions. Its product range includes cartridge valve technology designed to precisely control fluid flow, regulate pressure, and manage the movement of fluids essential to industrial and mobile applications. The quick release coupling solutions offered are engineered for durability and reliability in agricultural, construction, and industrial sectors, ensuring that mechanical systems operate efficiently under varying conditions.
- Cartridge Valve Technology: Offering precise control and regulation of fluid dynamics for various applications.
- Quick Release Hydraulic Couplings: Engineered for rapid, secure connections in heavy-duty machinery across multiple markets.
- System Design and Engineering: Bespoke hydraulic systems customized for machine users, manufacturers, and designers seeking optimal performance.
Electronics Solutions
Complementing its hydraulics expertise, the electronics segment focuses on designing and manufacturing advanced display, control, and instrumentation systems. These products are integral across a wide range of applications including off-highway vehicles, recreational and commercial marine environments, power sports, and various specialty vehicles. The emphasis in this segment is on delivering customized electronic systems that ensure precision control and intuitive operation tailored to each specific market need.
- Displays and Controls: Advanced user interfaces designed for industrial, commercial, and recreational settings.
- Instrumentation Products: High reliability systems that provide critical feedback and control in specialized applications.
- Custom Engineering: Tailored electronic solutions that integrate seamlessly with hydraulic systems to enhance overall performance.
Engineering Excellence and Integration
The foundation of Helios Technologies lies in its commitment to engineering excellence and technical innovation. The company leverages its deep expertise to integrate complex systems that require both mechanical and electronic precision. This integration enables complete system design that enhances performance, safety, and efficiency in industrial settings. By focusing on both isolated components and complete systems, Helios Technologies provides engineered solutions that are both adaptable and scalable.
Market Position and Business Model
Helios Technologies operates in a competitive global market where quality, precision, and reliability are paramount. The company distinguishes itself by maintaining a strong emphasis on the dual aspects of hydraulics and electronics within its diverse product offering. Its business model is built around direct manufacturing expertise, customized system design, and distributed global sales channels that together create a resilient portfolio across multiple industries. This structured approach caters to a wide range of applications from heavy machinery in construction and agriculture to sophisticated control systems in mobile and specialty vehicles.
Competitive Landscape and Value Proposition
Positioned among the key players in its field, Helios Technologies brings a unique combination of traditional hydraulic engineering and modern electronic system design. The competitive edge lies in its ability to provide integrated, high-quality products that enhance the operational efficiency of machinery and equipment. The company addresses common market challenges such as system interoperability, reliability under heavy loads, and adaptability to specialized applications. Through its comprehensive product and service suite, Helios Technologies delivers value that is rooted in technical precision and domain-specific expertise.
Commitment to Quality and Customer-Centric Solutions
The enduring trust placed in Helios Technologies by its global clientele is a testament to its consistent focus on quality and customer-oriented engineering. The company collaborates closely with clients to understand their specific needs, ensuring that every product and solution is tailored to deliver optimal results. This proactive engagement with customers not only drives product innovation but also embeds a feedback loop that reinforces the company’s commitment to operational excellence.
Conclusion
In summary, Helios Technologies Inc represents a sophisticated blend of hydraulics and electronics expertise, catering to multiple high-demand markets worldwide. The company’s strategic integration of precision-engineered hydraulic systems with advanced electronic controls underscores its role as a pivotal contributor to industrial innovation. With a focus on delivering customized, reliable, and scalable solutions, Helios Technologies consistently supports the evolving needs of a global customer base through its uncompromising technical standards and industry deep-rooted knowledge.
Helios Technologies (NYSE: HLIO) has announced its 112th consecutive quarterly cash dividend, maintaining a tradition spanning over 27 years. The company's Board of Directors has declared a quarterly dividend of $0.09 per common share, payable on January 20, 2025, to stockholders of record as of January 3, 2025. The company currently has approximately 33.2 million shares of common stock outstanding.
Helios Technologies (NYSE: HLIO) has introduced the PowerView™ U35, the first round display in their Ultimate Series of premium rugged displays. This next-generation product features a high-speed dual-core processor and a 3.5-inch optically bonded screen with 1000 Nit brightness and IP67 rating. The display includes CAN, USB, and Wi-Fi interfaces, along with digital and analog I/O capabilities.
The U35 operates in temperatures from -30°C to +70°C and will be available for order by the end of 2024 through Enovation Controls, part of Helios' Electronics segment. The product is designed for extreme environments and various industrial applications, offering high visibility and advanced processing power.
Helios Technologies (NYSE: HLIO) announces the market introduction of PowerView® U150 and PowerView® U120 displays, now available on select MY25 MasterCraft boats through its operating company, Enovation Controls. The displays, developed over a three-year lifecycle, will be featured on MasterCraft's XStar, X and XT boats. The new displays offer best-in-class viewability, exceptional durability against harsh marine conditions, user-friendly interface, and seamless integration. This launch marks over 15 years of collaboration between Helios and MasterCraft.
Helios Technologies (NYSE: HLIO) announced its participation in several upcoming investor conferences. Sean Bagan, Interim President, CEO, and CFO, and/or Tania Almond, VP of Investor Relations, will represent the company at five major events:
These include the Baird Global Industrial Conference in Chicago (Nov 13, 2024), NYSE Investor Access Virtual Industrials Day (Nov 19, 2024), Wolfe Research's Small & Mid-Cap Conference in New York (Dec 4, 2024), Oppenheimer Midwest Virtual Summit (Dec 12, 2024), and CJS Annual New Ideas Conference (Jan 14, 2025). The Baird conference will feature a fireside chat webcast at 2:20 p.m. Central Time.
Helios Technologies (NYSE: HLIO) reported Q3 2024 results with net sales of $194.5 million, down 3% year-over-year. The company generated $34.8 million in operating cash flow, up 195% from prior year. Gross margin expanded 150 bps to 31.1%, while diluted EPS reached $0.34. Notable achievements include $19.3 million debt reduction and improved net debt leverage ratio to 2.8x.
Due to weaker market conditions and hurricane impacts, Helios updated its 2024 outlook, now expecting revenue between $800-805 million, adjusted EBITDA of $152-158 million, and diluted Non-GAAP EPS of $2.10-2.20.
Helios Technologies (NYSE: HLIO) announces that its operating company Enovation Controls UK has been recognized as one of the UK's Best Workplaces in Manufacturing, Production & Transportation™ by Great Place to Work®. This recognition highlights the company's dedication to creating a positive workplace culture and prioritizing employee development.
The award acknowledges Enovation Controls' commitment to fostering trust and empowering colleagues. Sean Bagan, Interim President, CEO, and CFO of Helios, emphasized that this achievement reflects the strong collaborative culture within both Enovation Controls and the broader Helios family. Notably, Enovation Controls was also named one of the UK's Best Workplaces for Women™ in 2024.
Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, has announced its schedule for the release of third quarter 2024 financial results. The company will disclose its results after market close on Tuesday, November 5, 2024. The following day, Wednesday, November 6, 2024, at 9:00 a.m. Eastern Time, Sean Bagan, Interim President, CEO, and CFO, will host a conference call and webcast to discuss the company's financial and operating results, corporate strategies, and outlook.
Investors can access the call via phone at (201) 689-8573 or through an internet webcast on the company's website. A telephonic replay will be available until November 20, 2024, by dialing (412) 317-6671 with conference ID 13748511. The webcast replay and transcript will be accessible in the investor relations section of Helios Technologies' website.
Helios Technologies (NYSE: HLIO) has provided an update on its recovery efforts following Hurricane Milton's direct hit on Sarasota. Two of the company's three Sun Hydraulics manufacturing facilities in Sarasota have reopened just six days after the Category 3 hurricane made landfall. The third facility, which sustained more extensive damage, remains closed as the team works on recovery efforts.
Sean Bagan, Interim President, CEO, and CFO, expressed gratitude for the safety of employees and praised their efforts in assessing and remediating damages. Rick Martich, President of Hydraulics, Americas, highlighted the team's tireless work and support from global Helios businesses. The company is also evaluating potential impacts on regional suppliers, freight carriers, and infrastructure.
Helios plans to provide estimates of Hurricane Milton's effects on its fourth quarter financial projections when it reports its upcoming third quarter 2024 financial results.
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), a global leader in motion control and electronic controls technology, has announced its 111th consecutive quarterly cash dividend. The Board of Directors declared a dividend of $0.09 per common share, payable on October 21, 2024 to stockholders of record as of October 4, 2024. This extends Helios' impressive streak of over 27 years of consecutive quarterly dividends to stockholders. The company currently has approximately 33.2 million shares of common stock outstanding.
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