secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000950170-23-018861
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023018861/0000950170-23-018861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023018861/hlio-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-018861

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