Helios Technologies reports Q4 adjusted EPS 33c, consensus 35c

Reports Q4 revenue $179.5M, consensus $176.17M. “During fiscal year 2024, we had record cash generation, strengthened our balance sheet and improved our financial flexibility by reducing and refinancing our debt. We measurably lowered our operating expenses and drove a new focus on our cash conversion cycle with a concerted effort to reduce inventory. We know we can achieve greater results as we were impacted by market conditions that reduced our expectations for the year. Our team maintained focus on innovation through the year launching many new products. We are better positioned to expand margins with growth and intend to re-energize our sales engine to capture greater market share while increasing diversification in customers and markets. Despite hurricanes, challenging market conditions, and leadership changes, the global team united to support each other and deliver on operational improvements that have enabled us to expand margins in the quarter on softer revenue,” said Sean Bagan, President, Chief Executive Officer, and Chief Financial Officer of Helios.