Helios Technologies Reports First Quarter 2020 Results

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Go back to Helios Technologies Reports First Quarter 2020 Results

Helios Technologies (HLIO) Tops Q1 EPS by 14c; Withdraws Outlook

May 4, 2020 4:32 PM EDT

Helios Technologies (NASDAQ: HLIO) reported Q1 EPS of $0.56, $0.14 better than the analyst estimate of $0.42. Revenue for the quarter came in at $129.5 million versus the consensus estimate of $121.59 million.

Tricia Fulton, the Companys Interim President and Chief Executive Officer as well as Chief Financial Officer, commented, Our solid first quarter performance exceeded our expectations, despite a softer demand environment compared with a year ago. Most of the quarter was business as usual for us, with the COVID-19 pandemic conditions resulting in about $5 million lower sales in the quarter. As a result of government... More