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, 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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