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 a 4Q 2022 revenue of $196 million, down 10% year-over-year. However, revenue for the full year increased by 2% to $885 million. Despite strong cash flow with free cash flow up 20%, diluted EPS fell 25% to $0.54 in 4Q. The company aims for $910 million to $940 million in revenue in 2023, with a goal of reaching $1 billion run rate revenue by year-end. Helios maintains a strong financial position with a net debt to adjusted EBITDA ratio of 1.9x, despite facing headwinds from currency fluctuations and supply chain issues.
Helios Technologies (NYSE: HLIO) reported another record year of product releases in its Hydraulics segment, including twenty-five cartridge valves and seven quick release couplings from Sun Hydraulics. The company introduced 314 new part numbers from Faster, with a focus on OEM customers. CEO Josef Matosevic emphasized a robust growth strategy powered by innovation and acquisitions. Major innovations include the ecoline™ program, which enhances efficiency, and other products aimed at reducing fuel consumption. Helios aims to dominate niche markets across various industries, having consistently paid dividends since 1997.
Helios Technologies (NYSE: HLIO) has inaugurated a new Automated Warehouse at its Faster S.r.l. facility in Lombardy, Italy, aimed at enhancing operational efficiencies and customer service capabilities. The new facility spans 2,100 square meters with a capacity for 6,900 pallets and can process up to 190 pallets/hour. This investment is anticipated to foster both top and bottom-line growth, streamline manufacturing processes, and support Helios' position in the hydraulic solutions market. CEO Josef Matosevic emphasized the strategic importance of this facility in bolstering their global reach and innovation capabilities.
Helios Technologies (NYSE: HLIO) announced the release of its fourth quarter 2022 financial results, scheduled for after-market close on February 27, 2023. The company's President and CEO, Josef Matosevic, alongside CFO Tricia Fulton, will discuss the financial and operational results during a conference call on February 28, 2023, at 9:00 AM ET. Investors can access the call via phone or a webcast on Helios's website. The company has consistently paid dividends to its shareholders since going public in 1997, reinforcing its commitment to return value. For more information, visit www.heliostechnologies.com.
Helios Technologies has successfully completed the acquisition of Schultes Precision Manufacturing, a specialist in precision machined components for various industries including Hydraulic, Aerospace, and Medical Device. The deal, valued at approximately
Helios Technologies (NYSE: HLIO) has announced the acquisition of Schultes Precision Manufacturing, a leader in precision machined components, enhancing Helios' manufacturing capabilities across multiple industries including Aerospace and Medical Devices. Schultes, founded in 1946, reported approximately $30 million in revenue for 2022 and operates a 110,000 square foot facility in Illinois. This acquisition is expected to bolster Helios’ Hydraulics segment by providing additional manufacturing know-how and expanding its market diversification. The transaction is set to close in Q1 2023, subject to customary conditions.
Helios Technologies (NYSE: HLIO) is expanding its operations by forming two new Centers of Excellence for its Hydraulics segment in Mishawaka, Indiana, and Sarasota, Florida. The Mishawaka facility will centralize manifold machining and integrated package assembly operations, while coupling product lines will co-locate with a cartridge valve technology center in Sarasota. This restructuring aims to enhance operational efficiency and drive innovation in hydraulic solutions. The facility expansion includes adding over 50,000 square feet and is supported by local tax incentives, with completion expected by Q3 2023.
Helios Technologies has appointed Lee Wichlacz as the new President of Electronics, effective December 7, 2022. This newly created position aims to drive the growth of the Electronics segment into a billion-dollar business. Under the leadership of CEO Josef Matosevic, the company is focused on optimizing its leadership structure as part of its augmented strategy. Wichlacz brings extensive experience from roles at Welbilt and General Electric, which positions him well to lead Helios as it advances its technologies and expands its market presence.
Helios Technologies, Inc. (NYSE: HLIO) declared a quarterly cash dividend of $0.09 per common share, payable on January 20, 2023, to stockholders of record as of January 5, 2023. This marks a continuation of its commitment to returning value to shareholders, with consecutive dividends issued since the first quarter of 1997. Helios operates in diverse markets including construction, agriculture, and health, employing approximately 32.6 million shares of common stock. The company focuses on innovation and acquisitions to enhance its market position.
Helios Technologies has launched SpaTouch4™, the most advanced display panel for the spa market. Developed through collaboration between the Helios Center of Engineering Excellence and the Electronics segment, SpaTouch4™ is based on the Next Display Platform™. It features Bluetooth and Wi-Fi capabilities, allowing for over-the-air updates and cloud-based access control. This innovation enables spa manufacturers to customize user experiences. Commercial availability is expected in Q1 2023, in line with Helios’ strategy of enhancing market reach through innovation.
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