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 (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.
Helios Technologies (NYSE: HLIO) announced its participation in several upcoming investor conferences. Sean Bagan, Interim President, CEO, and CFO, and/or Tania Almond, VP of Investor Relations, will represent the company at five major events:
These include the Baird Global Industrial Conference in Chicago (Nov 13, 2024), NYSE Investor Access Virtual Industrials Day (Nov 19, 2024), Wolfe Research's Small & Mid-Cap Conference in New York (Dec 4, 2024), Oppenheimer Midwest Virtual Summit (Dec 12, 2024), and CJS Annual New Ideas Conference (Jan 14, 2025). The Baird conference will feature a fireside chat webcast at 2:20 p.m. Central Time.
Helios Technologies (NYSE: HLIO) reported Q3 2024 results with net sales of $194.5 million, down 3% year-over-year. The company generated $34.8 million in operating cash flow, up 195% from prior year. Gross margin expanded 150 bps to 31.1%, while diluted EPS reached $0.34. Notable achievements include $19.3 million debt reduction and improved net debt leverage ratio to 2.8x.
Due to weaker market conditions and hurricane impacts, Helios updated its 2024 outlook, now expecting revenue between $800-805 million, adjusted EBITDA of $152-158 million, and diluted Non-GAAP EPS of $2.10-2.20.
Helios Technologies (NYSE: HLIO) announces that its operating company Enovation Controls UK has been recognized as one of the UK's Best Workplaces in Manufacturing, Production & Transportation™ by Great Place to Work®. This recognition highlights the company's dedication to creating a positive workplace culture and prioritizing employee development.
The award acknowledges Enovation Controls' commitment to fostering trust and empowering colleagues. Sean Bagan, Interim President, CEO, and CFO of Helios, emphasized that this achievement reflects the strong collaborative culture within both Enovation Controls and the broader Helios family. Notably, Enovation Controls was also named one of the UK's Best Workplaces for Women™ in 2024.
Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, has announced its schedule for the release of third quarter 2024 financial results. The company will disclose its results after market close on Tuesday, November 5, 2024. The following day, Wednesday, November 6, 2024, at 9:00 a.m. Eastern Time, Sean Bagan, Interim President, CEO, and CFO, will host a conference call and webcast to discuss the company's financial and operating results, corporate strategies, and outlook.
Investors can access the call via phone at (201) 689-8573 or through an internet webcast on the company's website. A telephonic replay will be available until November 20, 2024, by dialing (412) 317-6671 with conference ID 13748511. The webcast replay and transcript will be accessible in the investor relations section of Helios Technologies' website.
Helios Technologies (NYSE: HLIO) has provided an update on its recovery efforts following Hurricane Milton's direct hit on Sarasota. Two of the company's three Sun Hydraulics manufacturing facilities in Sarasota have reopened just six days after the Category 3 hurricane made landfall. The third facility, which sustained more extensive damage, remains closed as the team works on recovery efforts.
Sean Bagan, Interim President, CEO, and CFO, expressed gratitude for the safety of employees and praised their efforts in assessing and remediating damages. Rick Martich, President of Hydraulics, Americas, highlighted the team's tireless work and support from global Helios businesses. The company is also evaluating potential impacts on regional suppliers, freight carriers, and infrastructure.
Helios plans to provide estimates of Hurricane Milton's effects on its fourth quarter financial projections when it reports its upcoming third quarter 2024 financial results.