Helios Technologies Stock Price, News & Analysis

Helios Technologies (Nasdaq: HLIO) declared a quarterly cash dividend of $0.09 per share, marking the 99th consecutive quarterly dividend since 1997. The dividend is payable on July 20, 2021, to stockholders recorded by July 5, 2021. Helios has approximately 32.2 million shares outstanding and aims to lead niche markets through innovative product development and acquisitions. The company maintains a strong commitment to its shareholders with consistent dividend payments, highlighting its financial stability.

Helios Technologies (HLIO) announced a hybrid investor and analyst day on June 15, 2021. The event, starting at 9:30 a.m. EDT, will feature presentations from key executives, including President and CEO Josef Matosevic and CFO Tricia Fulton. They will discuss the company's long-term growth strategy and outlook. Attendees can join through a webcast accessible on the company's website, with a replay and slides available post-event. Helios is recognized for its advanced motion control and electronic control technologies across multiple sectors.

Helios Technologies reported strong Q1 2021 results, driven in part by the acquisition of Balboa Water Group. The Company exceeded performance expectations with robust demand across various markets, particularly in Electronics and Hydraulics. CEO Josef Matosevic emphasized record demand, capacity expansion, and market share gains. Despite facing challenges including rising material costs and supply chain constraints, Helios maintained margins through strategic pricing. The recent acquisition of Shenzhen Joyonway Electronics further enhances capacity and supports the Company’s focus on regional capabilities.

Helios Technologies (Nasdaq: HLIO) has signed a definitive agreement to acquire the electronic control systems and parts business from Shenzhen Joyonway Electronics & Technology Co., Ltd. This acquisition aims to enhance Helios' electronic controls platform, expand manufacturing capacity, and strengthen the supply chain. The move aligns with Helios' strategy of growth through acquisitions and innovative product development. The deal is expected to close in Q3 2021, though financial terms were not disclosed.

Helios Technologies (HLIO) announced the appointment of Billy Aldridge as Senior Vice President, Managing Director of Enovation Controls effective May 3, 2021. This follows the resignation of Jinger McPeak, who will remain until June 1, 2021, to ensure a smooth transition. CEO Josef Matosevic expressed gratitude for McPeak's service and highlighted strong succession planning. Aldridge brings over 21 years of experience in electronics and operations, previously holding significant roles at FW Murphy and Mercury Marine. The leadership change aims to bolster growth in the Electronics segment.

Helios Technologies (Nasdaq: HLIO) announced the release date for its first quarter 2021 financial results, set for May 10, 2021, after market close. Following this, a conference call will be held on May 11, 2021, at 9:00 a.m. ET, led by CEO Josef Matosevic and CFO Tricia Fulton, to discuss results, corporate strategies, and outlook. Helios is noted for its expertise in motion control and electronic controls technology, with a strong presence in over 85 countries, maintaining a consistent dividend payment to shareholders since 1997.

Helios Technologies (Nasdaq: HLIO) has announced the promotion of John Shea to the role of Chief Commercial Officer, effective June 1, 2021. Shea, who has been with the company's subsidiary, Enovation Controls, since 2014, will focus on driving organic growth across existing and new market verticals. CEO Josef Matosevic praised Shea's substantial expertise and international experience, emphasizing his potential to enhance Helios’ competitive advantages. Helios operates in diverse industries, including construction, agriculture, and marine, and has consistently paid dividends since going public in 1997.

Helios Technologies (Nasdaq: HLIO) has declared a quarterly cash dividend of $0.09 per common share, payable on April 20, 2021, to stockholders of record by April 5, 2021. This marks the 98th consecutive quarterly dividend paid to stockholders since 1997, reinforcing the company's commitment to returning value to investors. Helios Technologies operates in highly engineered motion control and electronic controls technology across diverse markets including construction and agriculture, with approximately 32.2 million shares outstanding.

Helios Technologies reported strong financial results for Q4 and the full year 2020, driven by robust performance across its business segments, particularly in agriculture, marine, and health and wellness. The Balboa acquisition, completed on November 6, 2020, exceeded expectations, contributing positively in its initial months. Helios is focused on diversifying its customer base and expanding into new markets. The company is investing in capacity expansion and productivity improvements while maintaining healthy cash generation and reducing its net leverage to 3.0x, enhancing its financial flexibility.