---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055913"
form_type: "8-K"
ticker: "HLIO"
cik: "0001024795"
company_name: "HELIOS TECHNOLOGIES, INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:26:58.883992+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-055913
- form_type: 8-K
- ticker: HLIO
- cik: 0001024795
- company_name: HELIOS TECHNOLOGIES, INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024795/000095017024055913/0000950170-24-055913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024795/000095017024055913/hlio-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055913
- JSON: https://secwatch.observer/filing/0000950170-24-055913.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055913.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024795/000095017024055913/0000950170-24-055913-index.htm

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