secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055913
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017024055913/0000950170-24-055913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017024055913/hlio-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055913

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