earnings
confidence high
sentiment negative
materiality 0.75
Helios Q2 net sales $219.9M (-3% YoY), diluted EPS $0.41; moderates 2H24 outlook
HELIOS TECHNOLOGIES, INC.
2024-Q2 EPS reported
$0.68
revenue$431,900,000
- Net sales $219.9M, down 3% YoY; gross margin 32.1% vs 33.3% prior year.
- Diluted EPS $0.41; Non-GAAP diluted EPS $0.64, down 21% YoY.
- Adjusted EBITDA $44.2M (20.1% margin) vs $50.1M (22.0%) a year ago.
- Reduced debt $18.6M in Q2; fourth straight quarter of debt reduction.
- Management moderates 2H24 outlook due to softening end market conditions.