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Helios Technologies (HLIO)
NYSE:HLIO
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.36Last Year’s EPS
$0.38Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -5.85%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
Helios Technologies delivered a solid financial performance with significant improvements in cash generation, margin expansion, and debt reduction. However, the company faced challenges with sales declines in core segments and market weakness exacerbated by natural disasters, leading to updated guidance for the remainder of the year.Company Guidance
During Helios Technologies' third quarter 2024 earnings call, the company provided updated guidance for the remainder of the year, reflecting challenges such as extended market weakness and operational impacts from hurricanes. Despite a $10 million revenue impact due to 18 lost manufacturing shifts and approximately $3 million in recovery expenses, Helios adjusted its full-year sales range to $800 million to $805 million, indicating a 4% decline at the midpoint compared to 2023. The company expects its adjusted EBITDA margin to range from 19.0% to 19.6%, with adjusted diluted non-GAAP earnings per share between $2.10 and $2.20. Helios reported a net debt to adjusted EBITDA leverage ratio of 2.8x, with sales of $195 million for the quarter, down 3% year-over-year. The company has reduced debt by over $19 million and generated nearly $35 million in cash from operations. Helios also highlighted its gross margin expansion of 150 basis points over the previous year, alongside operating margin improvements, and noted continued investments in product innovation and operational efficiencies.Strong Cash Generation
Helios Technologies generated nearly $35 million in cash and reduced debt by over $19 million, with cash from operations up nearly three-fold as they continue to unlock working capital.
Margin Improvement
Operating margin of 11.4% was up 450 basis points from last year, and non-GAAP adjusted operating margin of 16.6% was up 290 basis points from last year.
Debt Reduction
Net debt to adjusted EBITDA leverage ratio was reduced to 2.8 times, with total debt down 8% or $41 million from the end of fiscal year 2023.
Improved Gross Margin
Gross margin expanded 150 basis points over last year despite $7 million in lower sales, due to reduced overhead and lower material costs.
Electronics Segment Growth
Electronics gross profit was up $1 million, with gross margin expanding 330 basis points over last year, reflecting operational efficiencies.
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HLIO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HLIO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $49.07 | $56.28 | +14.69% |
| Aug 05, 2024 | $41.42 | $44.08 | +6.42% |
| May 08, 2024 | $48.20 | $51.49 | +6.83% |
| Feb 26, 2024 | $44.27 | $46.76 | +5.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Helios Technologies (HLIO) report earnings?
Helios Technologies (HLIO) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Helios Technologies (HLIO) earnings time?
Helios Technologies (HLIO) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HLIO EPS forecast?
HLIO EPS forecast for the fiscal quarter 2024 (Q4) is $0.36.
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