---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-018861"
form_type: "8-K"
ticker: "HLIO"
cik: "0001024795"
company_name: "HELIOS TECHNOLOGIES, INC."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T11:51:09.194718+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-018861
- form_type: 8-K
- ticker: HLIO
- cik: 0001024795
- company_name: HELIOS TECHNOLOGIES, INC.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024795/000095017023018861/0000950170-23-018861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024795/000095017023018861/hlio-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-018861
- JSON: https://secwatch.observer/filing/0000950170-23-018861.json
- Plain text: https://secwatch.observer/filing/0000950170-23-018861.txt

## Key facts
- Earnings Releases
  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: $0.42
  - Guidance: reaffirmed
  - Result: reported results
  source text: for Future Growth May 8, 2023 Page 2 of 16 First Quarter 2023 Consolidated Results ($ 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024795/000095017023018861/0000950170-23-018861-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.