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 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.
Helios Technologies (NYSE: HLIO) announced record achievements in its Cartridge Valve Technologies (CVT) business with 22 new product launches in 2021, marking the highest in recent history. The launch of integrated Sun and NEM products surpassed forecasts by 200% within 48 hours. The acquisition of NEM S.r.l in July 2021 aims to diversify the customer base and enhance technology offerings. CEO Josef Matosevic highlighted the company's efforts in expanding market share through innovation and customer satisfaction, with plans for continued product rollouts in 2022.
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Helios Technologies (NYSE: HLIO) will announce its fourth quarter 2021 financial results on February 28, 2022, after market close. CEO Josef Matosevic and CFO Tricia Fulton will hold a conference call on March 1, 2022, at 9:00 a.m. ET to discuss the results and future corporate strategies. Following the call, a telephonic replay will be accessible until March 8, 2022. Helios specializes in motion control technology and has maintained a quarterly cash dividend since its IPO in 1997.