Helios Technologies Stock Price, News & Analysis

Helios Technologies (NYSE: HLIO) announced the integration of Taimi Swivel Cartridges into its Sun Hydraulics distribution channel, expanding product offerings globally. This integration aims to enhance customer solutions, allowing entry into new markets such as forestry, marine, robotics, and construction. Sun Hydraulics will incorporate these new products into their catalog and QuickDesign program, expected to ship between Q2 and Q3 of 2023. Josef Matosevic, CEO, emphasized that this integration addresses diverse customer needs and broadens product capabilities. Helios has seen continuous innovation within its Hydraulic segment, and this move follows a year of record product development. This initiative also showcases a collaboration with Faster S.r.l., highlighting a strategic distribution partnership developed since October 2020.

Helios Technologies, Inc. (NYSE: HLIO) has declared a quarterly cash dividend of $0.09 per common share, continuing a streak of over 26 years of consecutive dividends. The dividend will be payable on April 20, 2023 to stockholders of record as of April 5, 2023. With approximately 32.6 million shares outstanding, this announcement reinforces the company’s commitment to returning value to its shareholders. Helios is a leader in engineered motion control and electronic controls technology, serving various end markets worldwide.

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 $30 million in annual revenue for 2022, is expected to be immediately accretive to Helios. This acquisition aligns with Helios' strategy to grow through both organic and acquired avenues, enhancing its manufacturing capabilities and extending its market reach.

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.