Helios Technologies Stock Price, News & Analysis

Helios Technologies (NYSE: HLIO) has inaugurated a new Automated Warehouse at its Faster S.r.l. facility in Lombardy, Italy, aimed at enhancing operational efficiencies and customer service capabilities. The new facility spans 2,100 square meters with a capacity for 6,900 pallets and can process up to 190 pallets/hour. This investment is anticipated to foster both top and bottom-line growth, streamline manufacturing processes, and support Helios' position in the hydraulic solutions market. CEO Josef Matosevic emphasized the strategic importance of this facility in bolstering their global reach and innovation capabilities.

Helios Technologies (NYSE: HLIO) announced the release of its fourth quarter 2022 financial results, scheduled for after-market close on February 27, 2023. The company's President and CEO, Josef Matosevic, alongside CFO Tricia Fulton, will discuss the financial and operational results during a conference call on February 28, 2023, at 9:00 AM ET. Investors can access the call via phone or a webcast on Helios's website. The company has consistently paid dividends to its shareholders since going public in 1997, reinforcing its commitment to return value. For more information, visit www.heliostechnologies.com.

Helios Technologies has successfully completed the acquisition of Schultes Precision Manufacturing, a specialist in precision machined components for various industries including Hydraulic, Aerospace, and Medical Device. The deal, valued at approximately $30 million in annual revenue for 2022, is expected to be immediately accretive to Helios. This acquisition aligns with Helios' strategy to grow through both organic and acquired avenues, enhancing its manufacturing capabilities and extending its market reach.

Helios Technologies (NYSE: HLIO) has announced the acquisition of Schultes Precision Manufacturing, a leader in precision machined components, enhancing Helios' manufacturing capabilities across multiple industries including Aerospace and Medical Devices. Schultes, founded in 1946, reported approximately $30 million in revenue for 2022 and operates a 110,000 square foot facility in Illinois. This acquisition is expected to bolster Helios’ Hydraulics segment by providing additional manufacturing know-how and expanding its market diversification. The transaction is set to close in Q1 2023, subject to customary conditions.

Helios Technologies (NYSE: HLIO) is expanding its operations by forming two new Centers of Excellence for its Hydraulics segment in Mishawaka, Indiana, and Sarasota, Florida. The Mishawaka facility will centralize manifold machining and integrated package assembly operations, while coupling product lines will co-locate with a cartridge valve technology center in Sarasota. This restructuring aims to enhance operational efficiency and drive innovation in hydraulic solutions. The facility expansion includes adding over 50,000 square feet and is supported by local tax incentives, with completion expected by Q3 2023.

Helios Technologies has appointed Lee Wichlacz as the new President of Electronics, effective December 7, 2022. This newly created position aims to drive the growth of the Electronics segment into a billion-dollar business. Under the leadership of CEO Josef Matosevic, the company is focused on optimizing its leadership structure as part of its augmented strategy. Wichlacz brings extensive experience from roles at Welbilt and General Electric, which positions him well to lead Helios as it advances its technologies and expands its market presence.

Helios Technologies, Inc. (NYSE: HLIO) declared a quarterly cash dividend of $0.09 per common share, payable on January 20, 2023, to stockholders of record as of January 5, 2023. This marks a continuation of its commitment to returning value to shareholders, with consecutive dividends issued since the first quarter of 1997. Helios operates in diverse markets including construction, agriculture, and health, employing approximately 32.6 million shares of common stock. The company focuses on innovation and acquisitions to enhance its market position.

Helios Technologies has launched SpaTouch4™, the most advanced display panel for the spa market. Developed through collaboration between the Helios Center of Engineering Excellence and the Electronics segment, SpaTouch4™ is based on the Next Display Platform™. It features Bluetooth and Wi-Fi capabilities, allowing for over-the-air updates and cloud-based access control. This innovation enables spa manufacturers to customize user experiences. Commercial availability is expected in Q1 2023, in line with Helios’ strategy of enhancing market reach through innovation.

Helios Technologies reported its Q3 2022 financial results, highlighting a year-to-date revenue increase of 6% despite challenges from Hurricane Ian and macroeconomic conditions. The net sales for Q3 were $207.2 million, down 7% from the previous year, attributed partly to a $5.3 million loss from hurricane impacts. The diluted EPS decreased to $0.63, a 26% decline year-over-year. The company continues aiming for $1 billion in revenue for 2023, with a net debt to adjusted EBITDA ratio of 1.90x, reflecting financial flexibility despite ongoing inflation and currency fluctuations.