secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000950170-24-090928
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helios Q2 net sales $219.9M (-3% YoY), diluted EPS $0.41; moderates 2H24 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017024090928/0000950170-24-090928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017024090928/hlio-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-090928

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