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 (Nasdaq: HLIO) has appointed Jean-Pierre "JP" Parent as the Senior Vice President and Managing Director of Balboa Water Group, effective August 20, 2021. Parent, who joined Helios in November 2020 as Executive Vice President of Global Sales, brings over 35 years of managerial experience, focusing on strategic business planning and innovation. CEO Josef Matosevic expressed confidence in Parent's ability to propel the company's Electronics segment forward, reinforcing Helios's commitment to leveraging internal talent while pursuing growth in niche markets.
Helios Technologies, a leader in motion and electronic controls, reported strong second-quarter results for 2021, with net sales of $223.4 million, an 87% increase year-over-year. Gross profit rose 84% to $82.2 million, resulting in a gross margin of 36.8%. The company achieved a net income of $30.7 million, or $0.95 per diluted share, up 138%. Helios aims for $1 billion in revenue by 2023, two years ahead of schedule. The successful acquisition of NEM enhances their hydraulics product line, positioning the company favorably amid supply chain challenges.
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Helios Technologies (HLIO) will announce its second quarter 2021 financial results on August 9, 2021, post-market. The CEO, Josef Matosevic, and CFO, Tricia Fulton, will hold a conference call on August 10 at 9:00 a.m. ET to discuss financial outcomes and future strategies. Helios Technologies focuses on engineered motion control and electronic controls for diverse markets, maintaining a strong commitment to innovation and customer service in over 85 countries. The company has consistently paid quarterly dividends since its public offering in 1997.
Helios Technologies (NASDAQ: HLIO) has successfully completed the acquisition of NEM S.r.l., an innovative hydraulic solutions provider. This acquisition, initially announced on June 14, 2021, enhances Helios's electro-hydraulic product offerings and facilitates geographic expansion. NEM's expertise in Cartridge Valve Technology (CVT) is expected to boost Helios's OEM business globally. The acquisition aligns with Helios's strategy for growth through targeted acquisitions and innovative product development.
Helios Technologies (Nasdaq: HLIO) hosted a hybrid investor day, revealing an accelerated growth strategy. CEO Josef Matosevic highlighted plans to achieve $1 billion in revenue by the end of 2023, two years ahead of schedule, alongside an expected adjusted EBITDA margin of approximately 25%. The company aims for organic sales growth at twice the market rate and a 22% CAGR for cash earnings per share. Key strategic pillars include protecting the business, global market initiatives, revenue diversification, and talent development.
Helios Technologies (Nasdaq: HLIO) has signed an agreement to acquire NEM S.r.l., a hydraulic solutions firm based in Italy. This acquisition is designed to enhance Helios's capabilities in Cartridge Valve Technology (CVT) and expand its geographic reach in electro-hydraulics, particularly in Europe. CEO Josef Matosevic emphasized the strategic importance of this deal for driving growth and creating shareholder value. The transaction is expected to close in Q3 2021, pending customary conditions, though financial terms remain undisclosed.
Helios Technologies, Inc. (Nasdaq: HLIO) announced the appointment of Jason Morgan as President of Cartridge Valve Technology (CVT) effective June 4, 2021. Morgan has been with Helios since 2018, previously serving as Senior Vice President and Managing Director of CVT. CEO Josef Matosevic highlighted Morgan's extensive experience and contributions, emphasizing the importance of his leadership in advancing Helios's growth strategy. Morgan aims to focus on developing smarter components and integrated systems in response to market demands for digital controls and smart hydraulics.
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.