secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000950170-24-121562
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helios Q3 net sales $194.5M; adj EPS $0.59; lowers 2024 outlook on storms
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- Net sales $194.5M (-3% YoY); gross margin improved 150 bps to 31.1%.
- Diluted GAAP EPS $0.34, non-GAAP EPS $0.59; operating cash flow $34.8M (+195%).
- Reduced debt $19.3M, fifth consecutive quarter; net debt leverage ratio improved to 2.8x.
- Lost 18 production shifts from hurricanes; updating 2024 outlook for weaker market and storm impacts.
- Adjusted EBITDA margin 20.9% (+320 bps); operating margin 11.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017024121562/0000950170-24-121562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017024121562/hlio-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-121562

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