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), 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.
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.
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