Helios Technologies Reports Third Quarter 2024 Financial Results; Operational Efficiency and Working Capital Management Initiatives Gain Traction
Helios Technologies, Inc. (HLIO)
Last helios technologies, inc. earnings: 2/24 04:15 pm
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Source: Business Wire
Generated $34.8 million in cash from operations, up 195% over prior-year period, reflecting disciplined working capital initiativesReduced $19.3 million in total debt, the fifth consecutive quarter of debt reduction; Improved net debt leverage ratio again sequentially down to 2.8x from 3.0x ending 2Q24Delivered net sales of $194.5 million in the quarter, within expected guidance rangeExpanded gross margin 150 bps with strong operating margin improvement as expected from improved efficiencies and cost adjustments, despite lower net salesAchieved diluted EPS of $0.34 in 3Q24 and diluted Non-GAAP EPS of $0.59, up 209% and 34% respectively over prior-year periodUpdating 2024 outlook to reflect weaker end market conditions plus hurricane impacts; Remain focused on working capital management, operational efficiencies, cost discipline, and reducing debt SARASOTA, Fla.--(BUSINESS WIRE)--Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered
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HLIO
News
- Helios Technologies Announces an Electronics Sub-System Solution with the PowerView® U150 and PowerView® U120 Displays Available on Select MasterCraft BoatsBusiness Wire
- Helios Technologies Inc (HLIO) Q3 2024 Earnings Call Highlights: Strong Margins Amid Revenue Decline [Yahoo! Finance]Yahoo! Finance
- Helios Technologies to Participate in Upcoming Investor ConferencesBusiness Wire
- Helios Technologies (HLIO) Reports Q3 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Helios Technologies Reports Third Quarter 2024 Financial Results; Operational Efficiency and Working Capital Management Initiatives Gain Traction [Yahoo! Finance]Yahoo! Finance
HLIO
Earnings
- 11/5/24 - Beat
HLIO
Analyst Actions
- 10/16/24 - Stifel
HLIO
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form SCHEDULE
- HLIO's page on the SEC website