Helios Technologies Stock Price, News & Analysis

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 August 8, 2022. The company's management, including Josef Matosevic, CEO, and Tricia Fulton, CFO, will host a conference call and webcast on August 9, 2022, at 9:00 a.m. ET to discuss the results and future strategies. Helios Technologies has been a consistent dividend payer since going public in 1997 and aims for growth through innovative product development and acquisitions across multiple markets.

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.

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.