Helios Technologies (HLIO) Tops Q1 EPS by 14c; Withdraws Outlook
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Helios Technologies Reports First Quarter 2020 Results
May 4, 2020 4:15 PM EDTStrong net sales in Q1 at $129.5 million $5 million headwind from COVID-19 Productivity improvements drove gross margin to 40.1%, up from 38.5% Solid profitability; goodwill impairment resulted in EPS loss of $(0.54) Non-GAAP cash EPS of $0.56 Adjusted EBITDA of $30.4 million, 23.5% margin on sales Proactive cost reductions initiated in anticipation of COVID-19 related macroeconomic slowing
SARASOTA, Fla.--(BUSINESS... More
