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) announced the release date for its first quarter 2021 financial results, set for May 10, 2021, after market close. Following this, a conference call will be held on May 11, 2021, at 9:00 a.m. ET, led by CEO Josef Matosevic and CFO Tricia Fulton, to discuss results, corporate strategies, and outlook. Helios is noted for its expertise in motion control and electronic controls technology, with a strong presence in over 85 countries, maintaining a consistent dividend payment to shareholders since 1997.
Helios Technologies (Nasdaq: HLIO) has announced the promotion of John Shea to the role of Chief Commercial Officer, effective June 1, 2021. Shea, who has been with the company's subsidiary, Enovation Controls, since 2014, will focus on driving organic growth across existing and new market verticals. CEO Josef Matosevic praised Shea's substantial expertise and international experience, emphasizing his potential to enhance Helios’ competitive advantages. Helios operates in diverse industries, including construction, agriculture, and marine, and has consistently paid dividends since going public in 1997.
Helios Technologies (Nasdaq: HLIO) has declared a quarterly cash dividend of $0.09 per common share, payable on April 20, 2021, to stockholders of record by April 5, 2021. This marks the 98th consecutive quarterly dividend paid to stockholders since 1997, reinforcing the company's commitment to returning value to investors. Helios Technologies operates in highly engineered motion control and electronic controls technology across diverse markets including construction and agriculture, with approximately 32.2 million shares outstanding.
Helios Technologies reported strong financial results for Q4 and the full year 2020, driven by robust performance across its business segments, particularly in agriculture, marine, and health and wellness. The Balboa acquisition, completed on November 6, 2020, exceeded expectations, contributing positively in its initial months. Helios is focused on diversifying its customer base and expanding into new markets. The company is investing in capacity expansion and productivity improvements while maintaining healthy cash generation and reducing its net leverage to 3.0x, enhancing its financial flexibility.
Helios Technologies, Inc. (Nasdaq: HLIO) announced that its subsidiary, Faster S.r.l, received the 2020 John Deere Supplier Innovation Award for its innovative multi-connection couplings with integrated valve system. The award recognizes suppliers based on creativity, feasibility, collaboration, and bottom-line impact. CEO Josef Matosevic expressed gratitude for the honor and highlighted the productive 35-year relationship with John Deere, emphasizing the synergy between Faster S.r.l and Sun Hydraulics LLC in developing advanced hydraulic solutions.
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.
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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.