Helios Technologies (HLIO) Tops Q2 EPS by 27c
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Helios Technologies Reports Second Quarter 2020
August 3, 2020 4:15 PM EDTGenerates Strong Cash from Operations and Executes Successfully on Cost Containment
Net sales of $119.3 million; moderate 8% decline from prior quarter during COVID-19 pandemic Planned and aggressive cost containment provided for solid margins on lower volume Operating improvements led to gross margin of 37.5% Continued to make investments in organic growth initiatives Generated $25.3 million of cash from operations and reduced debt $7 million; successfully maintained net debt to adjusted EBITDA ratio of 2.1x despite... More