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 (HLIO) is a global leader in engineered solutions for hydraulics and electronics, serving industrial, mobile, and marine markets. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, product innovations, and strategic initiatives.
Access comprehensive coverage of HLIO's press releases, including earnings reports, technology advancements, and partnership announcements. The curated collection ensures stakeholders stay informed about operational milestones and market positioning within the fluid power and electronic controls sectors.
Key focus areas include hydraulic system innovations, electronic control solutions, and global expansion efforts. Content is organized to highlight critical updates while maintaining technical accuracy and regulatory compliance across all materials.
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Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, will participate in three major investor conferences. These include the KeyBanc 24th Annual Industrials & Basic Materials Conference on May 29-30, 2024, the Stifel 2024 Cross Sector Insight Conference on June 4, 2024, and the CJS Securities 24th Annual New Ideas Summer Conference on July 10, 2024. Top executives, including CEO Josef Matosevic, CFO Sean Bagan, and VP of Investor Relations Tania Almond, will represent Helios. Activities will include one-on-one meetings and a webcast fireside chat.
Helios Technologies, Inc. reported strong sequential growth in the first quarter of 2024 with net sales of $212.0 million, up 10% over the previous quarter. Electronics segment saw a 17% increase year-over-year while Hydraulics segment grew by 7%. Operating and gross margins improved sequentially, with diluted EPS reaching $0.28 and Diluted Non-GAAP EPS at $0.53, up 40% over 4Q23. Cash from operations increased by 45%, net debt was reduced, and the company affirmed its 2024 outlook for growth and profitability.
Helios Technologies, Inc. announced that its operating company Balboa Water Group has partnered with WaterGuru, a leader in recreational water monitoring technology. This partnership allows Balboa to integrate WaterGuru's technology into its spa products, revolutionizing the spa industry by providing real-time water data, reducing chemical use, increasing spa longevity, and improving overall water quality.
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