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 (NYSE: HLIO) has introduced the FPJP cartridge valve, a high-capacity electro-proportional flow control valve solution for precise motion control at high flow rates. Launched by Sun Hydraulics, a Helios operating company, the FPJP valve offers:
- Industry-leading flow rate of 114 gpm (431 L/min)
- Maximum operating pressure of 5000 psi (350 bar)
- Floating style construction to minimize internal part binding
- Compatibility with Sun's XMD Series valve driver
The FPJP valve is designed for various applications in agriculture, construction, earth moving, forestry, marine, and material handling. Sun Hydraulics will showcase the FPJP valve at the iVT Expo in Chicago, IL, on August 21-22, 2024.
Helios Technologies' (NYSE: HLIO) operating company, Balboa Water Group, has achieved ISO 9001:2015 certification for its electronics operations in Tijuana, Mexico. This certification covers the manufacturing of printed circuit board assemblies, wire harnesses, panels, and displays for electronic control of hot tubs, swim spas, engines, heaters, sanitizers, and control systems for the health and wellness industry.
The certification underscores Helios' commitment to quality and continuous improvement across its electronics operations. It adds to the company's extensive list of ISO registrations and quality declarations across its global operations, including Sun Hydraulics, Daman Products Company, Schultes Precision Manufacturing, Faster S.r.l, NEM S.r.l., Enovation Controls, and Joyonway.
Sean Bagan, Interim President, CEO, and CFO of Helios, expressed pride in this achievement and reaffirmed the company's dedication to delivering top-quality products and services to customers.
Helios Technologies (NYSE: HLIO) reported Q2 2024 financial results, showing sequential improvements despite market challenges. Key highlights include:
- Net sales of $219.9 million, up 4% from Q1 2024
- Diluted EPS of $0.41 and Non-GAAP EPS of $0.64, up 21% from Q1 2024
- Generated $33.8 million in cash from operations, up 30% year-over-year
- Reduced total debt by $18.6 million, the fourth straight quarter of debt reduction
- Extended debt maturities to 2029 and increased available liquidity
However, the company moderated its 2H24 outlook due to softening end market conditions. Helios now expects full-year 2024 net sales of $825-$840 million, down from the initial $840-$860 million forecast. The company remains focused on operational efficiencies and cost discipline to maintain its adjusted EBITDA margin range of 19.5%-21.0%.
Helios Technologies (NYSE: HLIO) has terminated Josef Matosevic as President, CEO, and Board member without severance for cause due to a violation of company policy. The violation involved a consensual personal relationship with an employee but did not involve financial misconduct. Sean Bagan will continue as Interim President and CEO, while Philippe Lemaitre remains Executive Chairman. The Board has initiated a comprehensive search for a permanent successor, considering both internal and external candidates.
The company emphasizes its commitment to upholding its values and Code of Business Conduct and Ethics. Despite the leadership transition, Helios remains focused on executing its strategy and capitalizing on growth opportunities.
Helios Technologies (NYSE: HLIO), a global leader in motion control and electronic controls technology, has announced its schedule for releasing second quarter 2024 financial results. The company will release its results after market close on Monday, August 5, 2024. A conference call and webcast will be held the following morning, Tuesday, August 6, 2024, at 9:00 a.m. Eastern Time, hosted by Sean Bagan, Interim President, CEO, and CFO.
The 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 August 13, 2024, by dialing (412) 317-6671 with conference ID 13746830. The webcast replay and transcript will be posted in the investor relations section of www.heliostechnologies.com.
Helios Technologies (NYSE: HLIO) has appointed Sean Bagan as Interim President and CEO, in addition to his role as CFO, and Philippe Lemaitre as Interim Executive Chairman, while Josef Matosevic is placed on paid leave pending an investigation into a potential violation of the company’s Code of Business Conduct and Ethics. The leave and appointments are effective July 1, 2024. The alleged misconduct does not impact the company’s strategy or financial reporting. Further announcements will be made as necessary.
Helios Technologies (NYSE: HLIO) has announced an amended and restated credit agreement to extend debt maturities and enhance financial flexibility. The agreement increases the revolving credit facility from $400 million to $500 million and introduces a new $300 million term loan, replacing the previous one. Additionally, the borrowing spreads have been reduced by 25 to 50 basis points, and the LIBOR to SOFR credit adjustment of 10 basis points has been removed. The term loan now matures on June 25, 2029, and the accordion feature is expanded by $100 million to $400 million. These changes aim to optimize Helios' capital structure and support long-term strategic priorities.
Helios Technologies has introduced the SenderCAN® Plus series, an advanced input/output control module designed for rugged applications. Developed by Enovation Controls, a subsidiary of Helios, this next-gen module improves communication, reduces complexity, and lowers costs by eliminating the need for additional controllers. It allows for the integration of sensor inputs for pressure, flow, temperature, and more into an existing J1939 network. The module features dual output capability, a comprehensive J1939 library for fast customization, and a user-friendly configuration tool. Helios emphasizes that SenderCAN® Plus offers unprecedented customization, enhancing reliability and performance in tough environments.
Helios Technologies, a global leader in motion control and electronic controls technology, announced its 110th consecutive quarterly cash dividend. The Board of Directors declared a $0.09 per common share dividend, payable on July 19, 2024, to stockholders of record as of July 5, 2024. Helios has maintained this streak for over 27 years and currently has approximately 33.2 million shares of common stock outstanding.
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.