End Market ChallengesKey end markets, including Agriculture, Construction, and Powersports, are experiencing production cuts that are expected to last into the first half of the next year.
GuidanceThe company's 2024 guidance was lowered, with sales expected to drop by $35 million and EBITDA by $13.5 million at midpoints.
Market ConditionsHelios Technologies is battling an extended demand downcycle that has lasted more than two years.