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 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.
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Helios Technologies (NYSE: HLIO) will announce its first quarter 2022 financial results after market close on May 9, 2022. Following this, a conference call will be held on May 10, 2022, at 9:00 a.m. ET to discuss the results and corporate strategies. This event signals the company's ongoing commitment to transparency and engagement with investors, with the potential for significant insights into its financial performance. Helios has a robust history of paying dividends since 1997, reflecting its stable financial foundation.
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Helios Technologies (NYSE: HLIO) has announced the nomination of Diana Sacchi for election as a Director at the upcoming 2022 Annual Meeting, following the planned retirement of Marc Bertoneche, PhD, who has served on the Board since 2001. Philippe Lemaitre, Chairman, highlighted Sacchi's extensive global experience in various sectors and her ability to enhance organizational effectiveness. This succession plan aims to diversify the Board’s composition and support Helios's growth strategy.
Helios Technologies (NYSE: HLIO) declared its 101st consecutive quarterly cash dividend of $0.09 per common share. The dividend is set to be paid on April 20, 2022, to shareholders recorded by April 5, 2022. With approximately 32.4 million shares outstanding, this regular distribution underscores the company's commitment to providing returns to its investors since going public in 1997.
Helios Technologies reported a robust fourth quarter with net income rising to $23.6 million, up nearly 4x year-over-year. Organic sales growth surged by 26% for the quarter and 27% for the year, driven by strong demand and effective operational strategies. The diluted EPS for the quarter reached $0.72, while diluted Non-GAAP Cash EPS soared 68% to $1.01. The company generated $113.2 million in cash from operations and reduced its net debt to adjusted EBITDA ratio to 1.89x. For 2022, Helios projects revenue between $930 million and $950 million, aiming for $1 billion in revenue by 2023.