Helios Technologies (HLIO) Tops Q2 EPS by 2c, Offers Guidance
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Helios Technologies Drives Execution of Augmented Strategy to Deliver Net Sales Growth of 8% in the Second Quarter 2022 and 13% Year-to-Date with Top-Tier Operating Margins
August 8, 2022 4:15 PM EDTAchieved 5% organic growth in 2Q22 and 9% YTD as strategy to diversify end markets and geographic breadth provides greater stability Manufacturing and operating strategy focused on improving efficiencies and leveraging global operating footprint delivering top-tier margins through tough macro conditions Achieved diluted EPS of $0.92 in the quarter; Diluted Non-GAAP Cash EPS of $1.18; Earnings hold steady sequentially despite rapid inflationary environment Strong financial flexibility with net debt to adjusted EBITDA leverage ratio down to 1.68x1 2022 outlook reaffirmed, factoring in foreign currency exchange rates... More
