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 (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.
Helios Technologies (NYSE: HLIO) has announced that its operating company, i3 Product Development (i3PD), has been named an Authorized Partner of STMicroelectronics (ST). This partnership aims to accelerate innovation and reduce development time for customers. i3PD will leverage ST's advanced semiconductor technology in their engineering and design processes, utilizing their state-of-the-art facilities.
Another Helios operating company, Enovation Controls, already uses ST's semiconductor chips in its OpenView S70 and S50 displays. Both i3PD and Enovation Controls will showcase their latest technologies at the upcoming Equip Expo in Louisville starting October 15th.
Helios Technologies' operating company Enovation Controls has been recognized as one of the UK's Best Workplaces for Women™ for the third consecutive year by Great Place to Work®. Ranking #18 out of over 300 companies, this achievement highlights Enovation Controls' commitment to fostering an inclusive workplace where women can thrive.
The recognition underscores Helios' dedication to diversity and inclusion across its global operations. Sean Bagan, Interim President, CEO, and CFO of Helios, emphasized the importance of creating a workplace where everyone feels valued and empowered. The award reflects the company's ongoing efforts in creating equitable opportunities, developing talent, and promoting a culture of respect.
This achievement aligns with Helios' broader commitment to cultivating a diverse workforce across all its operating companies, demonstrating leadership in integrity, inclusion, innovation, and accountability.
Helios Technologies (NYSE: HLIO) has introduced the FPJP cartridge valve, a high-capacity electro-proportional flow control valve solution for precise motion control at high flow rates. Launched by Sun Hydraulics, a Helios operating company, the FPJP valve offers:
- Industry-leading flow rate of 114 gpm (431 L/min)
- Maximum operating pressure of 5000 psi (350 bar)
- Floating style construction to minimize internal part binding
- Compatibility with Sun's XMD Series valve driver
The FPJP valve is designed for various applications in agriculture, construction, earth moving, forestry, marine, and material handling. Sun Hydraulics will showcase the FPJP valve at the iVT Expo in Chicago, IL, on August 21-22, 2024.
Helios Technologies' (NYSE: HLIO) operating company, Balboa Water Group, has achieved ISO 9001:2015 certification for its electronics operations in Tijuana, Mexico. This certification covers the manufacturing of printed circuit board assemblies, wire harnesses, panels, and displays for electronic control of hot tubs, swim spas, engines, heaters, sanitizers, and control systems for the health and wellness industry.
The certification underscores Helios' commitment to quality and continuous improvement across its electronics operations. It adds to the company's extensive list of ISO registrations and quality declarations across its global operations, including Sun Hydraulics, Daman Products Company, Schultes Precision Manufacturing, Faster S.r.l, NEM S.r.l., Enovation Controls, and Joyonway.
Sean Bagan, Interim President, CEO, and CFO of Helios, expressed pride in this achievement and reaffirmed the company's dedication to delivering top-quality products and services to customers.
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