secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-058325
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023058325/0000950170-23-058325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023058325/hlio-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-058325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer