Helios Technologies (HLIO) Tops Q2 EPS by 9c, Raises Guidance
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Helios Technologies Second Quarter 2021 Revenue Grew 87% with Strong Organic Growth; Executing on Strategy to Achieve Accelerated Goals
August 9, 2021 4:10 PM EDTOrganic growth of 37% achieved in the quarter driven by industry-best lead times, flexibility and new products Net income grew to $30.7 million, up 138% over the prior-year period and up 36% over the trailing first quarter Operating momentum gained from manufacturing strategies; protected profitability with targeted pricing actions; Adjusted EBITDA1 margin expanded 310 basis points over prior-year period to 25.7% Diluted EPS of $0.95 up 138% from last year; Non-GAAP Cash EPS of $1.20 up 118% Strong cash generation and free cash flow; further reduced net debt to adjusted EBITDA leverage ratio to... More
