---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-058325"
form_type: "8-K"
ticker: "HLIO"
cik: "0001024795"
company_name: "HELIOS TECHNOLOGIES, INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:09:14.263313+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helios Q3 revenue down 3% to $201.4M; EPS $0.11 vs $0.63; cuts full-year outlook

## Summary
- Net sales $201.4M (-3% YoY); gross margin 29.6% vs 33.4% due to volume and product mix.
- Operating income $13.8M (-55% YoY); operating margin 6.9% vs 14.8%.
- Net income $3.5M (-83%); diluted EPS $0.11; adjusted cash EPS $0.44 vs $0.90.
- Adjusted EBITDA $35.6M (-26%); margin 17.7% vs 23.2%.
- Company updating 2023 outlook and expects slower start to 2024 due to macro push-outs.

## SEC filing metadata
- accession: 0000950170-23-058325
- form_type: 8-K
- ticker: HLIO
- cik: 0001024795
- company_name: HELIOS TECHNOLOGIES, INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024795/000095017023058325/0000950170-23-058325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024795/000095017023058325/hlio-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-058325
- JSON: https://secwatch.observer/filing/0000950170-23-058325.json
- Plain text: https://secwatch.observer/filing/0000950170-23-058325.txt

## Key facts
- Earnings Releases
  HELIOS TECHNOLOGIES, INC. reported third quarter ended September 30, 2023 results: revenue $201.4 million, net income $3.5 million, EPS $0.11. Guidance lowered.
  - Period: third quarter ended September 30, 2023
  - Revenue: $201.4 million
  - Net income: $3.5 million
  - EPS: $0.11
  - Guidance: lowered
  - Result: reported results
  source text: IMMEDIATE RELEASE Helios Technologies Reports Third Quarter 2023 Financial Results; Investing for the Future While Responding to Swiftly Changing Environment • 3Q23 revenue of $201.4 million reflects impact of swift change in demand dynamics as evolving macroeconomic conditions influenced customer behavior with push out of orders and delivery dates • Margins impacted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024795/000095017023058325/0000950170-23-058325-index.htm

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