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) 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.
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.