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 reports developments in highly engineered motion control and electronic control technologies for industrial and specialized end markets. News commonly covers product launches from operating companies such as Faster, Sun Hydraulics and Balboa Water Group, including hydraulic connection systems, cartridge-style flow meters, thermal management components and electronic controls for health and wellness applications.
Company updates also address financial results, cash dividend declarations, investor presentations, strategic initiatives and customer or community partnerships. Helios serves markets including agriculture, construction, data centers, energy, industrial, marine, material handling, recreational vehicles and health and wellness, with products sold to customers in more than 80 countries.
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.
Helios Technologies reported its Q3 2022 financial results, highlighting a year-to-date revenue increase of 6% despite challenges from Hurricane Ian and macroeconomic conditions. The net sales for Q3 were $207.2 million, down 7% from the previous year, attributed partly to a $5.3 million loss from hurricane impacts. The diluted EPS decreased to $0.63, a 26% decline year-over-year. The company continues aiming for $1 billion in revenue for 2023, with a net debt to adjusted EBITDA ratio of 1.90x, reflecting financial flexibility despite ongoing inflation and currency fluctuations.
Helios Technologies (NYSE: HLIO) announced a Fireside Chat at the Baird 2022 Global Industrial Conference on November 8, 2022. The discussion will feature CEO Josef Matosevic, CFO Tricia Fulton, and VP Tania Almond, starting at 11:25 a.m. Central Time. A live audio webcast will be available on the company's Investor Relations page at heliostechnologies.com/ir-calendar, with a replay accessible post-event.
Helios specializes in motion control and electronic controls technology, serving diverse markets globally.
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Helios Technologies (NYSE: HLIO) will release its third quarter 2022 financial results on November 7, 2022, prior to market opening. CEO Josef Matosevic and CFO Tricia Fulton will host a conference call at 9:00 a.m. Eastern Time to review financial performance and discuss corporate strategies. Helios has consistently paid dividends since becoming public in 1997 and markets its advanced motion control and electronic control technologies across various sectors in over 90 countries.
Helios Technologies (NYSE: HLIO) has introduced the OpenView™ product family, expanding its display offerings with enhanced reliability and versatility. The new displays, designed on an open-source platform, include a 5-inch S50 and a 7-inch S70 model, targeting diverse applications. These products feature a high-brightness LCD panel in an IP65-rated case, suitable for various weather conditions. Commercial availability is expected in Q1 2023, enhancing Helios' market reach.
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