Helios Technologies (HLIO) Tops Q3 EPS by 12c, Revenues Beat; Offers FY20 Revenue Mid-Point Guidance Above Consensus

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Helios Technologies Reports Sequential Sales Growth and Strong Margins for Third Quarter 2020; Generates $37 million in Cash from Operations

November 2, 2020 6:00 AM EST

Net sales grew $3.3 million sequentially to $122.6 million compared with trailing second quarter Electronics sales up 42% over trailing second quarter to $24.4 million Gross margin expanded 50 basis points over prior-year period to 38.3% on lower volume demonstrating improved operational efficiencies Generated $36.7 million of cash from operations and reduced net debt-to-Adjusted EBITDA to 2.0x Paid its 96th Sequential Cash Dividend on October 20, 2020 Expecting revenue in the range of $485 to $495 million and Adjusted EBITDA margin of approximately 22% for... More