Helios Technologies, Inc.
56.86-0.68 (-1.18%)
Oct 29, 4:00:02 PM EDT · NYSE · HLIO · USD
Key Stats
Market Cap
1.89BP/E (TTM)
54.67Basic EPS (TTM)
1.04Dividend Yield
0.01%Recent Filings
8-K
Helios closes CFP divestiture
Helios Technologies completed the sale of its Custom Fluidpower business to Questas Group on September 27, 2025, as announced earlier. The deal includes a long-term exclusive distribution agreement ensuring Sun Hydraulics' strong foothold in Australia's hydraulics market via CFP's network. Proceeds will fund debt repayment, organic investments, and shareholder returns. This sharpens focus on core motion control strengths.
8-K
Helios appoints new CFO
Helios Technologies appointed Michael Connaway as Executive Vice President and CFO, effective in October 2025, relieving Sean Bagan of those duties while he retains CEO and President roles. Jeremy Evans, the company's Corporate Controller since January 2024, advances to Senior Vice President, Chief Accounting Officer, and Corporate Controller starting September 1, 2025. These moves bolster the finance team with Connaway's 20-plus years of expertise from Aviat Networks, Honeywell, and GE, aiming to sharpen strategic planning and operational efficiency. Leadership transitions unfold smoothly.
10-Q
Q2 FY2025 results
Helios Technologies posted Q2 net sales of $212.5M, down 3.4% y/y but up 3.9% q/q (derived), with gross margin slipping to 31.8% from 32.1% amid softer demand in industrial and mobile markets, though agriculture held steady. Operating income fell 15.8% y/y to $21.9M, pressured by higher amortization from HCEE restructuring, yet Electronics rebounded with 29.3% gross margins after a freight hit. Diluted EPS of $0.34 dipped 17.1% y/y, aligning with 33.3M shares. Cash climbed to $53.0M on $56.0M YTD operating cash flow, minus $11.5M capex for $44.5M free cash flow (derived); total debt eased to $436.7M with $358.6M revolver availability and no covenant issues. Assets held for sale total $41.8M for the APAC CFP unit, eyeing a close in 60-90 days. Tariffs remain a drag on costs.
8-K
Helios sells CFP for $54M USD
Helios Technologies signed a definitive agreement on August 1, 2025, to sell its Custom Fluidpower business to Questas Group for ~$54 million USD in cash, subject to adjustments. The deal, closing in 60-90 days, boosts proceeds $48 million AUD over the 2018 purchase while securing a long-term exclusive distribution pact for Sun Hydraulics products in Australia. This sharpens focus on core manufacturing, lifting Hydraulics segment margins despite trimmed sales. Risks hinge on timely approvals.
8-K
Q2 sales dip, strong cash flow
Helios Technologies posted Q2 2025 net sales of $212.5 million, down 3% year-over-year amid soft industrial and mobile markets, yet Hydraulics margins swelled 220 basis points to 33.0% on cost cuts. Cash from operations hit $37 million, fueling debt reduction to $436.2 million and a fresh share repurchase of 200,000 shares at $32.29 average. The company inked a deal to sell Custom Fluidpower for ~$83M AUD, streamlining operations; it now eyes full-year sales growth to $810-$830 million despite tariff risks. Debt leverage improved sharply.
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