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 Q2 2024 financial results, showing sequential improvements despite market challenges. Key highlights include:
- Net sales of $219.9 million, up 4% from Q1 2024
- Diluted EPS of $0.41 and Non-GAAP EPS of $0.64, up 21% from Q1 2024
- Generated $33.8 million in cash from operations, up 30% year-over-year
- Reduced total debt by $18.6 million, the fourth straight quarter of debt reduction
- Extended debt maturities to 2029 and increased available liquidity
However, the company moderated its 2H24 outlook due to softening end market conditions. Helios now expects full-year 2024 net sales of $825-$840 million, down from the initial $840-$860 million forecast. The company remains focused on operational efficiencies and cost discipline to maintain its adjusted EBITDA margin range of 19.5%-21.0%.
Helios Technologies (NYSE: HLIO) has terminated Josef Matosevic as President, CEO, and Board member without severance for cause due to a violation of company policy. The violation involved a consensual personal relationship with an employee but did not involve financial misconduct. Sean Bagan will continue as Interim President and CEO, while Philippe Lemaitre remains Executive Chairman. The Board has initiated a comprehensive search for a permanent successor, considering both internal and external candidates.
The company emphasizes its commitment to upholding its values and Code of Business Conduct and Ethics. Despite the leadership transition, Helios remains focused on executing its strategy and capitalizing on growth opportunities.
Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, has announced its schedule for releasing second quarter 2024 financial results. The company will release its results after market close on Monday, August 5, 2024. A conference call and webcast will be held the following morning, Tuesday, August 6, 2024, at 9:00 a.m. Eastern Time, hosted by Sean Bagan, Interim President, CEO, and CFO.
The call will be accessible via phone at (201) 689-8573 and through a webcast on the company's website. A replay will be available until August 13, 2024, by dialing (412) 317-6671 with conference ID 13746830. The webcast replay and transcript will be posted in the investor relations section of www.heliostechnologies.com.
Helios Technologies (NYSE: HLIO) has appointed Sean Bagan as Interim President and CEO, in addition to his role as CFO, and Philippe Lemaitre as Interim Executive Chairman, while Josef Matosevic is placed on paid leave pending an investigation into a potential violation of the company’s Code of Business Conduct and Ethics. The leave and appointments are effective July 1, 2024. The alleged misconduct does not impact the company’s strategy or financial reporting. Further announcements will be made as necessary.
Helios Technologies (NYSE: HLIO) has announced an amended and restated credit agreement to extend debt maturities and enhance financial flexibility. The agreement increases the revolving credit facility from $400 million to $500 million and introduces a new $300 million term loan, replacing the previous one. Additionally, the borrowing spreads have been reduced by 25 to 50 basis points, and the LIBOR to SOFR credit adjustment of 10 basis points has been removed. The term loan now matures on June 25, 2029, and the accordion feature is expanded by $100 million to $400 million. These changes aim to optimize Helios' capital structure and support long-term strategic priorities.
Helios Technologies has introduced the SenderCAN® Plus series, an advanced input/output control module designed for rugged applications. Developed by Enovation Controls, a subsidiary of Helios, this next-gen module improves communication, reduces complexity, and lowers costs by eliminating the need for additional controllers. It allows for the integration of sensor inputs for pressure, flow, temperature, and more into an existing J1939 network. The module features dual output capability, a comprehensive J1939 library for fast customization, and a user-friendly configuration tool. Helios emphasizes that SenderCAN® Plus offers unprecedented customization, enhancing reliability and performance in tough environments.
Helios Technologies, a global leader in motion control and electronic controls technology, announced its 110th consecutive quarterly cash dividend. The Board of Directors declared a $0.09 per common share dividend, payable on July 19, 2024, to stockholders of record as of July 5, 2024. Helios has maintained this streak for over 27 years and currently has approximately 33.2 million shares of common stock outstanding.
Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, will participate in three major investor conferences. These include the KeyBanc 24th Annual Industrials & Basic Materials Conference on May 29-30, 2024, the Stifel 2024 Cross Sector Insight Conference on June 4, 2024, and the CJS Securities 24th Annual New Ideas Summer Conference on July 10, 2024. Top executives, including CEO Josef Matosevic, CFO Sean Bagan, and VP of Investor Relations Tania Almond, will represent Helios. Activities will include one-on-one meetings and a webcast fireside chat.
Helios Technologies, Inc. reported strong sequential growth in the first quarter of 2024 with net sales of $212.0 million, up 10% over the previous quarter. Electronics segment saw a 17% increase year-over-year while Hydraulics segment grew by 7%. Operating and gross margins improved sequentially, with diluted EPS reaching $0.28 and Diluted Non-GAAP EPS at $0.53, up 40% over 4Q23. Cash from operations increased by 45%, net debt was reduced, and the company affirmed its 2024 outlook for growth and profitability.
Helios Technologies, Inc. announced that its operating company Balboa Water Group has partnered with WaterGuru, a leader in recreational water monitoring technology. This partnership allows Balboa to integrate WaterGuru's technology into its spa products, revolutionizing the spa industry by providing real-time water data, reducing chemical use, increasing spa longevity, and improving overall water quality.
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