Helios Technologies Reports First Quarter 2024 Financial Results; Strong Sequential Growth for a Solid Start to the Year
Helios Technologies, Inc. (HLIO)
Last helios technologies, inc. earnings: 2/24 04:15 pm
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Source: Business Wire
Delivered net sales of $212.0 million up 10% over 4Q23 with Hydraulics up 7% and Electronics up 17% sequentially; Notably Electronics up 6% over the year-ago periodDemonstrated sequential margin improvement over 4Q23 across both gross (+310 bps) and operating (+340 bps) margins despite some unfavorable mixAchieved diluted EPS of $0.28 in 1Q24 and Diluted Non-GAAP EPS of $0.53, up 40% over 4Q23Generated cash from operations of $17.8 million in 1Q24 up 45% over the year-ago level showing disciplined working capital management and strong cash conversionReduced net debt in 1Q24, the third sequential quarterly reduction; debt paydown remains a capital allocation priority in 2024Affirming 2024 outlook executing return to growth while leveraging the methodical investments combined with disciplined cost management and operational efficiencies to elevate profitability SARASOTA, Fla.SARASOTA, Fla.--(BUSINESS WIRE)--Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global
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News
- Surging Earnings Estimates Signal Upside for Helios Technologies (HLIO) Stock [Yahoo! Finance]Yahoo! Finance
- Helios Technologies, Inc. (NYSE:HLIO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Helios Technologies, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Helios Technologies Reports First Quarter 2024 Financial Results; Strong Sequential Growth for a Solid Start to the Year [Yahoo! Finance]Yahoo! Finance
- Helios Technologies’ Operating Company Balboa Water Group Partners with WaterGuruBusiness Wire
HLIO
Earnings
- 5/8/24 - Beat
HLIO
Sec Filings
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/1/24 - Form ARS
- HLIO's page on the SEC website