Helios Technologies (HLIO) Misses Q2 EPS by 3c, Offers Guidance

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Go back to Helios Technologies (HLIO) Misses Q2 EPS by 3c, Offers Guidance

Helios Technologies Reports Strong Sequential Growth in the Second Quarter 2023 with Revenue Up 7% and Net Income Up 21%

August 7, 2023 4:15 PM EDT

Delivered strong sequential top line growth of 7%; growth excluding acquisitions was 6% over 1Q23 Expanded operating margin 140 basis points sequentially, even while increasing investments to integrate flywheel acquisitions, expand capacity and accelerate strategic growth initiatives Demonstrated focus on driving innovation with completed acquisition of i3 Product Development, custom engineering firm expands engineering expertise and further deepens market reach into served markets while adding greater diversification and patented remote service technology Diluted EPS of $0.51 up 21% sequentially; Diluted Non-GAAP Cash EPS of $0.81 up 13% sequentially Increasing global... More