Helios Q1 2024: sales $212M, EPS $0.28; sequential growth 10% but YoY declines

HELIOS TECHNOLOGIES, INC.

2024-Q1 EPS reported $0.28 revenue$212,000,000

Net sales $212.0M, down 1% YoY from $213.2M; up 10% sequentially from Q4 2023.
GAAP diluted EPS $0.28; Non-GAAP diluted EPS $0.53, down 26% YoY but up 40% sequentially.
Gross margin 31.7% (down 160 bps YoY); operating margin 9.6% (down 200 bps YoY).
Adjusted EBITDA margin 18.2% (down 210 bps YoY); cash from ops $17.8M, up 45% YoY.
Affirming 2024 outlook; net debt reduced for third consecutive quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HELIOS TECHNOLOGIES, INC. reported first quarter ended March 30, 2024 results: revenue $212.0 million, net income $9.2 million, EPS $0.28. Guidance reaffirmed.

Period: first quarter ended March 30, 2024
Revenue: $212.0 million
Net income: $9.2 million
EPS: $0.28
Guidance: reaffirmed
Result: reported results

Exact text from the filing

RELEASE FOR IMMEDIATE RELEASE Helios Technologies Reports First Quarter 2024 Financial Results; Strong Sequential Growth for a Solid Start to the Year • Delivered net sales of $212.0 million up 10% over 4Q23 with Hydraulics up 7% and Electronics up 17% sequentially; Notably Electronics up 6% over the year-ago period • Demonstrated sequential margin improvement over

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Source: SEC EDGAR

accession 0000950170-24-055913

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