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, Inc. (NYSE: HLIO) regularly issues news and updates describing its activities as a global leader in highly engineered motion control and electronic controls technology. This news stream covers developments across its Hydraulics and Electronics segments and across the diverse end markets it serves, including construction, material handling, agriculture, energy, recreational vehicles, marine, and health and wellness.
On this page, readers can find press releases about Helios’ financial results, such as quarterly earnings announcements and segment performance commentary, as well as board decisions on quarterly cash dividends. The company has highlighted consecutive quarterly dividends since becoming a public company in 1997, and dividend declarations are frequently reported through current reports and related news releases.
Helios’ news also features product and technology launches from its operating companies, including Sun Hydraulics and Faster S.r.l. Recent announcements have described new hydraulic cartridge valves, energy-harvesting fluid power technologies, and hydraulic connection and casting solutions designed for demanding mobile and industrial applications. These items illustrate how Helios’ motion control and electronic control technologies are applied in equipment such as mobile aerial work platforms, tractors, and other machinery.
Corporate governance and leadership updates are another key element of HLIO news. The company issues releases and files Form 8-Ks regarding executive appointments, changes in leadership roles, and related compensation arrangements. Together, these news items provide investors, analysts, and industry observers with an ongoing view of Helios’ operations, technology developments, capital allocation decisions, and management changes. Bookmark this page to access the latest HLIO news and historical announcements in one place.
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.
Helios Technologies (Nasdaq: HLIO) has agreed to acquire Balboa Water Group for $218.5 million. This move aims to enhance Helios's market position in electronic controls, particularly in the health and wellness sector. Balboa's patented technology is expected to foster innovation and open new markets, complementing Helios's existing capabilities. The acquisition is predicted to be financially beneficial, contributing positively to Adjusted EPS from day one. Expected completion is in Q4 2020, pending regulatory approvals.