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. (symbol: HLIO) is an industrial technology company that designs, manufactures, and markets advanced solutions for the hydraulics and electronics sectors across the globe, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The company operates through two main segments: Hydraulics and Electronics. The Hydraulics segment focuses on producing cartridge valve technology products to control fluid flow rates and directions, as well as regulating and controlling pressures for both industrial and mobile applications. Additionally, this segment provides quick release hydraulic coupling solutions tailored for the agriculture, construction, and industrial markets. Under esteemed brand names such as Sun Hydraulics, Faster, and Custom Fluidpower, Helios Technologies also designs hydraulic systems, offering engineered solutions to enhance machine functionality.
The Electronics segment specializes in the development of displays, controls, and instrumentation products for diverse markets, including off-highway, recreational and commercial marine, power sports, specialty vehicles, agriculture, water pumping, power generation, and engine-driven applications. This segment is dedicated to delivering customized electronic control systems to meet specific industry needs.
Helios Technologies is known for its commitment to innovation and quality, continuously pushing the boundaries to provide effective solutions for complex market demands. The company maintains a strong financial position and strategic partnerships, facilitating ongoing research and development. Its recent achievements include the expansion of product lines and enhancement of global market presence, underscoring its significance in the industrial technology landscape.
For investors and stakeholders, Helios Technologies represents a solid investment opportunity, leveraging a balanced portfolio of hydraulic and electronic products and services that cater to numerous high-growth industries.
Helios Technologies, Inc. (NYSE: HLIO) has declared a quarterly cash dividend of $0.09 per common share, reflecting its commitment to returning value to shareholders. This dividend will be payable on October 20, 2022 to stockholders of record as of October 5, 2022. Helios has consistently paid dividends since public listing in 1997, showcasing financial stability with approximately 32.5 million shares outstanding.
Helios Technologies (NYSE: HLIO) has successfully acquired Daman Products Company, enhancing its Hydraulics segment with advanced manifold design and manufacturing capabilities. This strategic acquisition is anticipated to expand Helios’ market presence, with expectations to grow Daman’s revenue from a small business to nearing $100 million within five years. Helios CEO Josef Matosevic highlighted the synergies and technological advancements expected from this integration, aiming for improved offerings in fluid power solutions.
Helios Technologies (NYSE: HLIO) has launched ENERGEN™, a cutting-edge cartridge valve designed to convert hydraulic flow into electric energy, enhancing energy efficiency and simplifying wiring systems. Developed by Sun Hydraulics, a Helios subsidiary, ENERGEN™ responds to the increasing demand for electrical power management amid rising fuel costs and the shift towards electrification. With its integrated generator, this innovative valve captures otherwise wasted energy, providing a sustainable solution for electrical applications in mobile equipment.
Helios Technologies (NYSE: HLIO) introduces the Next Display Platform™, a flexible system designed for diverse end markets. It combines cost-effective features with high-resolution displays, enhancing user experience. Initially available in 5-inch and 7-inch sizes, the platform will support Bluetooth, Wi-Fi, and various interfaces, facilitating OEMs in seamlessly integrating advanced functionalities into their products. Set for full production in Q1 2023, this innovation marks a strategic shift towards an open, Linux-based operating system.
Helios Technologies (NYSE: HLIO) has announced the acquisition of Daman Products Company, enhancing its Hydraulics segment with advanced manifold and hydraulic package technologies. This strategic move aims to broaden market reach and integrate sophisticated product solutions while leveraging Daman's expertise and strong engineering capabilities. The acquisition is set to close in Q4 2022, subject to normal conditions, although financial terms were not disclosed. Daman's established reputation in fluid conveyance products supports Helios' growth strategy in multiple industrial sectors.
Helios Technologies (NYSE: HLIO) has launched the Sun Common product line, which features cartridge valves designed for compatibility across various hydraulic systems. This new offering includes valves that meet industry standards for 3000 PSI systems, providing users with reliable and high-quality solutions. The launch reflects Helios' commitment to engineering excellence and expands their market reach by integrating both acquired and organic product technologies. Additional launches for this product family are scheduled throughout 2023.
Helios Technologies (HLIO) reported a 5% organic growth in Q2 2022 and a 9% year-to-date increase, emphasizing their strategy to diversify markets and regions. The company achieved a diluted EPS of $0.92 despite inflationary pressures, with a net debt to adjusted EBITDA ratio down to 1.68x. Revenue for Q2 reached $241.7 million, up 8% from last year. Although gross margin declined to 34.1%, operating income increased by 2%. Helios reaffirms its 2022 outlook of $930 - $950 million in revenue, while adapting to foreign currency fluctuations and macroeconomic conditions.
Helios Technologies (NYSE: HLIO) will release its Q2 2022 financial results after market close on
Helios Technologies (NYSE: HLIO) has introduced the ecoline™ program from its subsidiary, Sun Hydraulics, aimed at enhancing energy conservation across various manufacturing sectors. This program includes innovative solutions such as eSense™, which delivers 100% performance at just 30% power consumption, providing energy savings of up to 85% in specific conditions. Other offerings include the LoadMatch™ and LoadAdaptive™ technologies, designed for improved efficiency and reduced energy loss. The company emphasizes its commitment to delivering high-quality, efficient hydraulic systems.
Helios Technologies (NYSE: HLIO) has successfully acquired the assets of Taimi R&D, a Canadian manufacturer specializing in innovative hydraulic components. This acquisition strengthens Helios’ position in the Hydraulics segment by adding Taimi’s ball-less design swivel products, which enhance equipment reliability and decrease leakage, benefiting environmental protection. Taimi's distinct product offerings and international distribution in 34 countries bolster Helios' commitment to creating high-value, cost-effective solutions. The move exemplifies Helios’ strategic acquisition strategy aimed at expanding its technological capabilities.
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