Helios Technologies Stock Price, News & Analysis

Helios Technologies (Nasdaq: HLIO) will release its fourth quarter and full year 2020 financial results after market close on March 1, 2021. CEO Josef Matosevic and CFO Tricia Fulton will host a conference call on March 2, 2021, at 9:00 a.m. ET to discuss the results and the company's corporate strategies and outlook. Helios is known for its motion control and electronic controls technology across various markets, including construction and agriculture, and has been consistently paying dividends since going public in 1997.

Helios Technologies (Nasdaq: HLIO) has acquired substantially all assets of BJN Technologies, an engineering solutions provider, forming the Center of Engineering Excellence (HCEE). This strategic acquisition is aimed at enhancing technology integration and product development. The deal is financed through cash and equity, with BJN's leadership team joining Helios. BJN, established in 2014, specializes in customized engineering solutions and has previously collaborated with Helios. The acquisition is aligned with Helios's Vision 2025 strategy to diversify markets and expand its product portfolio.

Helios Technologies (Nasdaq: HLIO) has declared a quarterly cash dividend of $0.09 per common share, marking the 97th consecutive quarterly dividend since 1997. The dividend is scheduled for payment on January 20, 2021, to stockholders on record as of January 5, 2021. The company maintains approximately 32.1 million shares of common stock outstanding, showcasing its commitment to returning value to shareholders.

Helios Technologies (HLIO) has successfully completed the acquisition of Balboa Water Group for $218.5 million, a move aimed at enhancing its Electronics segment. Balboa, a leader in electronic controls for the health and wellness sector, operates globally from its headquarters in Costa Mesa, CA, serving 47 countries. The acquisition is seen as a strategic step in Helios's Vision 2025 strategy, promising attractive financial returns and opportunities for product development. Helios financed the deal through an amended credit agreement and existing cash, maintaining a targeted net debt leverage of less than 2.0x.

Helios Technologies (Nasdaq: HLIO) announced participation in the Baird 2020 Global Industrial Conference on November 12, 2020. CEO Josef Matosevic and CFO Tricia Fulton will present at 12:15 p.m. ET. A live audio webcast will be accessible on the Company's Investor Relations page. Helios focuses on developing and manufacturing hydraulic and electronic control solutions across various markets, operating through two segments: Hydraulics and Electronics.

Helios Technologies (Nasdaq: HLIO) reported Q3 2020 results with revenue of $122.6 million, down 11% from Q3 2019, and net income of $13 million (flat EPS of $0.40). Despite reduced sales, gross margins improved to 38.3%, driven by effective cost management. The company generated $36.7 million in cash during the quarter, allowing for a $50 million reduction in net debt year-to-date. Helios announced plans to acquire Balboa Water Group for $218.5 million, aligning with its growth strategy. The full-year 2020 revenue outlook is set between $485 to $495 million.

Helios Technologies (Nasdaq: HLIO) announced a new $900 million senior secured credit agreement effective October 28, 2020. The agreement includes a $300 million accordion feature and is structured to offer improved borrowing capacity. Helios intends to use these funds to repay existing credit facilities, finance acquisitions like Balboa Water Group, and for working capital. The agreement, facilitated by a syndicate led by PNC Bank, signifies strong confidence from lenders and supports the Company's Vision 2025 strategy, aiming for robust growth and liquidity.

Helios Technologies (Nasdaq: HLIO) has announced the release of its third quarter 2020 financial results scheduled for November 2, 2020, before the market opens. CEO Josef Matosevic and CFO Tricia Fulton will lead a conference call and webcast to discuss the company's financial performance and corporate strategies. Investors can access a replay of the call and additional details on the company’s investor relations website. Helios Technologies specializes in hydraulic and electronic control solutions across various global markets.