Helios Technologies reports Q1 EPS 53c, consensus 44c

Reports Q1 revenue $212M, consensus $205.61M. “The Helios team delivered a solid start to the year as we execute on our 2024 financial priorities of achieving profitable sales growth, driving operating leverage, generating cash, and reducing debt. All regions contributed to total sequential sales growth of 10%, most encouragingly both EMEA and Asia contributed the most in absolute dollars, even with some softness in a few end markets. The combination of improved volume, financial discipline, and actions taken in the second half of 2023 to protect the business drove measurable gross and operating margin expansion sequentially. These results reinforce our confidence that we can achieve our stated goals for 2024,” said Josef Matosevic, President and Chief Executive Officer of Helios.