Helios Technologies (HLIO) Tops Q1 EPS by 28c, Lifts Guidance

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Go back to Helios Technologies (HLIO) Tops Q1 EPS by 28c, Lifts Guidance

Helios Technologies First Quarter 2021 Revenue Grew 58% Reflecting Strong Market Leadership; Augmented Strategy Gaining Traction

May 10, 2021 4:19 PM EDT

End markets outperform expectations as record levels of demand are realized in agriculture, marine and health & wellness Diversification strategy bearing fruit with additional customer wins in new markets Capacity expansion efforts and productivity enhancements driving our ability to meet demand and deliver record margins Net income was $22.6 million with operating margin of 16.9% and Adjusted EBITDA1 margin of 25.1% expanding 160 basis points over prior-year period Diluted EPS of $0.70 up $1.24 from last year; Non-GAAP Cash EPS of $0.99 up $0.43, or 77% Quickly de-levering... More