Helios Technologies Stock Price, News & Analysis

Helios Technologies (NYSE: HLIO) reported its Q4 and full-year 2024 results, demonstrating improved operational efficiency despite challenging market conditions. The company achieved record cash generation with full-year operating cash flow of $122.1 million, up 46% year-over-year.

Q4 net sales decreased 7% to $179.5 million, while full-year sales declined 4% to $805.9 million. However, Q4 gross margin expanded 150 basis points, and operating margin improved 120 basis points through enhanced efficiencies. Q4 diluted EPS was $0.14, with Non-GAAP EPS at $0.33.

The company significantly strengthened its balance sheet, reducing total debt by $75.3 million in 2024 and improving its net debt to adjusted EBITDA leverage ratio to 2.6x. For 2025, Helios projects sales growth between -4% to +2%, focusing on working capital management, operational efficiencies, and continued debt reduction.

Helios Technologies (NYSE: HLIO) has announced a significant $100 million multi-year share repurchase program approved by its Board of Directors. The company, a global leader in motion control and electronic controls technology, plans to fund the buyback through cash on hand and operational cash flow.

CEO Sean Bagan highlighted the company's solid financial execution and strengthened cash generation as key factors enabling this initiative. The repurchase program will complement Helios's 27-year dividend history, enhancing shareholder returns. Management has flexibility to purchase shares in open market or private transactions, including through Rule 10b5-1 trading plans.

Despite recent weak market conditions, Helios has maintained investments in product innovations and regional manufacturing facilities, positioning itself for future growth through its market leadership in engineered solutions.

Helios Technologies (NYSE: HLIO), a leader in motion control and electronic controls technology, has partnered with Alto-Shaam to enhance its ChefLinc™ remote oven management system. This collaboration involves i3 Product Development and its Cygnus Reach software platform, focusing on scalability, security, and data-driven capabilities.

Originally aimed at system maintenance, i3 Product Development identified opportunities to rebuild ChefLinc™, ensuring a more robust solution for Alto-Shaam's growing customer base. The integration of Cygnus Reach has enhanced Alto-Shaam's service capabilities, optimizing performance and creating smarter kitchens.

Kevin Bernier, Director of Product Management for IoT at Alto-Shaam, stated, "We rebuilt the entire platform with i3’s help; we’re reaping the rewards of that now." Sean Bagan, CEO of Helios Technologies, emphasized their commitment to delivering innovative solutions that transform industries.

Alto-Shaam's VP of Quality and Service, Mike Jones, highlighted the real-time insights provided by ChefLinc™, which have significantly improved operational efficiency and reduced costs. The partnership underscores Helios Technologies' dedication to enhancing performance, reliability, and customer satisfaction.

Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, has scheduled its fourth quarter and full year 2024 financial results announcement for Monday, February 24, 2025, after market close. Sean Bagan, President, CEO and CFO, will host a conference call and webcast on Tuesday, February 25, 2025, at 9:00 a.m. Eastern Time to discuss the company's results and corporate outlook.

The conference call will be accessible via phone at (201) 689-8573 and through a webcast on the company's website. A replay will be available until March 11, 2025, by dialing (412) 317-6671 with conference ID 13751073. The webcast replay and transcript will be posted in the investor relations section of www.heliostechnologies.com.

Helios Technologies (NYSE: HLIO) has launched the S35 display, a new product designed and manufactured by its Electronics segment subsidiary, Enovation Controls. The S35 is positioned as a successor to the PV101, featuring a 3.5-inch color display with tactile buttons and enhanced durability features.

The display is IP67-rated and can operate in temperatures from -40°C to +85°C. It includes CAN J1939 and CAN Open support, RS485 serial communication, and multiple integration capabilities. The S35 comes with out-of-the-box configurability, customizable parameters, day/night mode options, and company branding features. Additional capabilities include multi-language support, data logging, and USB-C connectivity.

Helios Technologies will showcase the S35 along with other products at the upcoming Bauma Germany show from April 7-13 in booth A4.125.

Helios Technologies (NYSE: HLIO) has appointed Sean P. Bagan as permanent President and Chief Executive Officer, following his interim role since July 8, 2024. The Board's decision came after a comprehensive search process involving both internal and external candidates. Bagan, who will continue as Chief Financial Officer until a replacement is found, has also been nominated to the Company's Board of Directors for election at the June 2025 Annual Meeting.

Philippe Lemaitre will resume his position as Non-Executive Chairman. The Board unanimously supported Bagan's appointment, citing his successful leadership during the interim period, strategic mindset, business acumen, and service leadership style. Bagan expressed commitment to leveraging the company's history of innovation to deliver compounded growth and shareholder value.

Helios Technologies (NYSE: HLIO) has announced its 112th consecutive quarterly cash dividend, maintaining a tradition spanning over 27 years. The company's Board of Directors has declared a quarterly dividend of $0.09 per common share, payable on January 20, 2025, to stockholders of record as of January 3, 2025. The company currently has approximately 33.2 million shares of common stock outstanding.

Helios Technologies (NYSE: HLIO) has introduced the PowerView™ U35, the first round display in their Ultimate Series of premium rugged displays. This next-generation product features a high-speed dual-core processor and a 3.5-inch optically bonded screen with 1000 Nit brightness and IP67 rating. The display includes CAN, USB, and Wi-Fi interfaces, along with digital and analog I/O capabilities.

The U35 operates in temperatures from -30°C to +70°C and will be available for order by the end of 2024 through Enovation Controls, part of Helios' Electronics segment. The product is designed for extreme environments and various industrial applications, offering high visibility and advanced processing power.

Helios Technologies (NYSE: HLIO) announces the market introduction of PowerView® U150 and PowerView® U120 displays, now available on select MY25 MasterCraft boats through its operating company, Enovation Controls. The displays, developed over a three-year lifecycle, will be featured on MasterCraft's XStar, X and XT boats. The new displays offer best-in-class viewability, exceptional durability against harsh marine conditions, user-friendly interface, and seamless integration. This launch marks over 15 years of collaboration between Helios and MasterCraft.