Helios Technologies (HLIO) Tops Q1 EPS by 22c, Offers Guidance

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Go back to Helios Technologies (HLIO) Tops Q1 EPS by 22c, Offers Guidance

Helios Technologies First Quarter 2022 Diluted Earnings per Share Grew 34% on a 17% Increase in Revenue Driven by Strong Execution

May 9, 2022 4:20 PM EDT

Providing best in class lead times through execution of manufacturing and operations strategy along with focused inventory investments resulted in strong revenue growth of 17% in the quarter and 14% organic growth; achieved $241 million in revenue Operational efficiencies and strong operating leverage enabled net income of $30.5 million, up 35% over the prior-year period Innovation empowered new customer wins, market share gains and stronger brand value Achieved diluted EPS of $0.94 in the quarter; Diluted Non-GAAP Cash EPS of $1.18 up 19% Strong financial flexibility with net debt to adjusted EBITDA leverage... More