Helios Q1 revenue down 11% YoY to $213.2M; diluted EPS $0.42, Non-GAAP cash EPS $0.72; guides FY revenue $910-940M

HELIOS TECHNOLOGIES, INC.

2023-Q1 EPS reported $0.42 revenue$213,200,000

Net sales $213.2M, down 11% YoY; gross margin 33.3% vs 34.8% a year ago; operating margin 11.6%, down 620 bps.
Diluted EPS $0.42 (down 55% YoY); Non-GAAP cash diluted EPS $0.72; adjusted EBITDA margin 20.3%.
Reiterates FY 2023 revenue outlook $910-940M; targets $1B run-rate revenue by year-end 2023.
Signed agreement to acquire i3 Product Development, adding ~55 engineers for electronics/software capabilities.
Planned capex $9M in Q1 (4% of sales) for long-term investments, including regional Hydraulics structure.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HELIOS TECHNOLOGIES, INC. reported first fiscal quarter of 2023 results: revenue $213.2, net income $13.9, EPS $0.42. Guidance reaffirmed.

Period: first fiscal quarter of 2023
Revenue: $213.2
Net income: $13.9
EPS: $0.42
Guidance: reaffirmed
Result: reported results

Exact text from the filing

for Future Growth May 8, 2023 Page 2 of 16 First Quarter 2023 Consolidated Results ($ in millions, except per share data) (Unaudited) Q1 2023 Q1 2022 Change % Change Net sales $ 213.2 $ 240.5 $ (27.3 ) (11 %) Gross profit $ 71.0 $ 83.6 $ (12.6 ) (15 %) Gross margin 33.3 % 34.8 % (150 ) bps Operating income $ 24.8 $ 42.9 $ (18.1 ) (42 %) Operating margin 11.6 %

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HELIOS TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-018861

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