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) announced a commitment to achieve net zero greenhouse gas emissions by 2050 for its operated assets. This initiative aligns with the company's focus on environmental, social, and governance (ESG) responsibilities. CEO Josef Matosevic highlighted the establishment of an ESG Committee to oversee these efforts, which include completing a Scope 1 and Scope 2 greenhouse gas inventory and formulating emission-reduction strategies.
Helios emphasizes creating long-term value for stakeholders through sustainable practices.
Helios Technologies has declared its 102nd consecutive quarterly cash dividend of $0.09 per common share. This dividend will be paid on July 20, 2022, to stockholders of record as of July 5, 2022. With approximately 32.5 million shares outstanding, the company's consistent dividend payments since becoming public in 1997 emphasize its financial stability and commitment to shareholders.
Helios Technologies (NYSE: HLIO) announced that its subsidiary, Enovation Controls, has commenced manufacturing a range of products, including 10.6-inch displays and power distribution modules for Storyteller Overland. This collaboration aims to enhance vehicle technology in the adventure van market, showcasing Enovation's commitment to innovation and quality. The PV1100 PowerView glass-front display offers superior sunlight visibility and touch sensitivity. The partnership underscores Helios' focus on expanding its footprint in niche markets through innovative solutions.
Helios Technologies reported strong Q1 2022 results with a 17% revenue growth, reaching $241 million. The company achieved 14% organic growth and a 35% increase in net income to $30.5 million. Diluted EPS rose to $0.94 while Non-GAAP Cash EPS increased by 19% to $1.18. The company's operational efficiencies are evident, despite a slight decline in gross margin due to rising costs. Helios reaffirms 2022 revenue guidance of $930 million to $950 million, targeting over $1 billion in revenue by 2023.
Helios Technologies (NYSE: HLIO) has announced the acquisition of Taimi R&D, a Canadian hydraulic components manufacturer. This strategic move aims to enhance Helios’ Hydraulics technology and expand into forestry and mining markets. Taimi, known for its innovative ball-less design swivel products, offers solutions that improve hydraulic reliability and reduce environmental leakage. The acquisition signifies Helios’ commitment to integrated innovation and market leadership, with integration expected to close in Q3 2022, pending customary conditions.
Helios Technologies (NYSE: HLIO) will announce its first quarter 2022 financial results after market close on May 9, 2022. Following this, a conference call will be held on May 10, 2022, at 9:00 a.m. ET to discuss the results and corporate strategies. This event signals the company's ongoing commitment to transparency and engagement with investors, with the potential for significant insights into its financial performance. Helios has a robust history of paying dividends since 1997, reflecting its stable financial foundation.
Helios Technologies (NYSE: HLIO) has announced the nomination of Diana Sacchi for election as a Director at the upcoming 2022 Annual Meeting, following the planned retirement of Marc Bertoneche, PhD, who has served on the Board since 2001. Philippe Lemaitre, Chairman, highlighted Sacchi's extensive global experience in various sectors and her ability to enhance organizational effectiveness. This succession plan aims to diversify the Board’s composition and support Helios's growth strategy.
Helios Technologies (NYSE: HLIO) declared its 101st consecutive quarterly cash dividend of $0.09 per common share. The dividend is set to be paid on April 20, 2022, to shareholders recorded by April 5, 2022. With approximately 32.4 million shares outstanding, this regular distribution underscores the company's commitment to providing returns to its investors since going public in 1997.
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