Helios Technologies Reports Record Cash Flow Amid Challenges

Helios Technologies Inc ( (HLIO) ) has released its Q4 earnings. Here is a breakdown of the information Helios Technologies Inc presented to its investors.

Helios Technologies Inc., a global leader in motion control and electronic controls technology, operates primarily in the construction, agriculture, and health and wellness sectors, offering innovative solutions across diverse markets. In its latest earnings report, Helios Technologies highlighted a record cash generation for the full year 2024, despite facing challenging macroeconomic conditions. The company reported a 46% increase in cash from operations year-over-year, reaching $122.1 million, and achieved a significant reduction in total debt by $75.3 million. However, net sales for the year declined by 4% to $805.9 million. Key financial metrics showed mixed results, with a 150 basis points expansion in fourth-quarter gross margin and a 40% increase in diluted EPS, despite a 7% decline in net sales. The Electronics segment saw a notable improvement in gross margin, while the Hydraulics segment faced a decline in sales due to market softness. Looking ahead, Helios Technologies remains focused on operational efficiencies, cost discipline, and debt reduction. The company anticipates a sales range of -4% to +2% for 2025, with continued emphasis on innovation and market diversification to capture greater market share.