HELIOS TECHNOLOGIES (HLIO) Company Report

Helios Technologies reported Q3 2025 sales of $220 million, a 13% increase year-over-year, surpassing guidance, and non-GAAP diluted EPS of $0.72, up 22%.
The company achieved a return to growth across all regions and both business segments, with the Electronics segment growing 21% and Hydraulics 9%, contributing to a 200 basis point expansion in gross margin to 33.1%.
Strategic initiatives included the sale of Custom Fluid Power for a $21 million gain and a $25.9 million goodwill impairment related to i3 product development, alongside the appointment of Michael Conway as the new CFO.
The net debt to adjusted EBITDA leverage ratio improved to 2.4 times, with a goal to reduce it to approximately two times by year-end.
For Q4 2025, Helios expects sales between $192 million and $202 million and non-GAAP diluted EPS of $0.67 to $0.74, anticipating continued momentum into 2026.

Nov 4, 2025, 2:00 PM

Transcript

Helios Technologies Reports Strong Q3 2025 Results and Raises Full-Year Outlook

HLIO

Earnings

Guidance Update

Share Buyback

Helios Technologies reported Q3 2025 Net Sales of $220 million, an increase of 13% year-over-year, and Diluted Non-GAAP EPS of $0.72, up 22% year-over-year, both exceeding the company's outlook.
The company achieved an Adjusted EBITDA Margin of 20.5% in Q3 2025, returning to over 20%.
Helios Technologies updated its 2025 full-year outlook, projecting Total Net Sales of $820 million to $830 million and Diluted Non-GAAP EPS of $2.43 to $2.50.
The company continued to strengthen its financial position by reducing debt for the ninth consecutive quarter, resulting in a Net debt to TTM adjusted EBITDA ratio of 2.4x as of September 27, 2025, and repurchased 50,000 shares in Q3 2025.
While Non-GAAP EPS showed strong growth, Diluted GAAP EPS decreased by 9% to $0.31 in Q3 2025, primarily due to a goodwill impairment charge and costs associated with a divestiture.

Nov 4, 2025, 2:00 PM

Presentation

Helios Technologies Announces Strong Q3 2025 Financial Results and Provides Q4 2025 Guidance

HLIO

Earnings

Guidance Update

M&A

Helios Technologies reported Q3 2025 sales of $220 million, a 13% increase year-over-year, exceeding guidance, with electronics growing 21% and hydraulics 9%.
The company achieved a gross margin of 33.1% and an adjusted EBITDA margin above 20% in Q3 2025, contributing to a 22% increase in diluted non-GAAP EPS to $0.72.
Strategic financial moves included the sale of Custom Fluidpower (CFP) for a $21 million gain and a $25.9 million goodwill impairment related to i3 Product Development.
The net debt to adjusted EBITDA leverage ratio improved to 2.4 times, with a target of approximately two times by year-end.
For Q4 2025, the company projects sales between $192-$202 million and diluted non-GAAP EPS in the range of $0.67-$0.74.

Nov 4, 2025, 2:00 PM

Transcript

Helios Technologies Reports Third Quarter 2025 Financial Results

HLIO

Earnings

Guidance Update

Revenue Acceleration/Inflection

Helios Technologies reported net sales of $220.3 million for the third quarter of 2025, an increase of 13% compared to the prior year period, with growth observed across all regions and both segments.
The company delivered diluted GAAP EPS of $0.31 and diluted Non-GAAP EPS of $0.72 for Q3 2025, with the Non-GAAP EPS representing a 22% increase year-over-year.
Operating income was impacted by a $25.9 million goodwill write-down related to the i3 Product Development business.
Helios Technologies reduced its debt for the ninth consecutive quarter, decreasing it by $64 million (13%) from the prior year period, and improved its net debt to Adjusted EBITDA leverage ratio to 2.4x from 2.8x.
The company tightened and raised the mid-point of its full-year 2025 outlook, driven by stronger-than-expected third-quarter results and the faster close of the Custom Fluidpower divestiture.

Nov 3, 2025, 11:26 PM

8-K

Helios Technologies Reports Strong Q3 2025 Sales Growth and Updates FY25 Outlook

HLIO

Earnings

Guidance Update

Revenue Acceleration/Inflection

Helios Technologies reported net sales of $220.3 million for the third quarter of 2025, marking a 13% year-over-year increase with growth across all regions and both segments.
The company delivered diluted GAAP EPS of $0.31 and diluted Non-GAAP EPS of $0.72, which was up 22% compared to the prior year period.
Operating income was significantly impacted by a $25.9 million goodwill write-down related to the i3 Product Development business.
Helios Technologies reduced its debt for the ninth consecutive quarter, with total debt at $419.1 million as of September 27, 2025, down 13% from the prior year, and improved its net debt to Adjusted EBITDA leverage ratio to 2.4x.
The company tightened and raised the mid-point of its full-year 2025 outlook, with total net sales now projected between $820 million and $830 million and diluted Non-GAAP EPS between $2.43 and $2.50.

Nov 3, 2025, 9:15 PM

Press Release

Helios Technologies Reports Mixed Q3 Results, Raises FY2025 Guidance

HLIO

Earnings

Guidance Update

Demand Weakening

Helios Technologies reported strong Q3 2025 sales of $220.3 million, a 13.3% year-on-year increase, and a non-GAAP profit of $0.72 per share, both surpassing analyst expectations.
The company raised its full-year 2025 revenue estimate to approximately $820 million but issued Q4 revenue guidance of $192 million to $202 million, which was slightly below consensus.
Despite a 10.2% five-year compounded annual growth rate, Helios has seen a 1.8% annualized revenue decline over the last two years and is experiencing profitability pressures, with gross margin currently at 30.93%.
CEO Sean Bagan highlighted strategic execution, including margin improvements and plans for significant debt reduction by year-end.

Nov 3, 2025, 1:03 PM

Morningstar

Helios Technologies Completes Divestiture of Custom Fluid Power Business

HLIO

M&A

New Projects/Investments

Helios Technologies, Inc. completed the divestiture of its Custom Fluid Power (CFP) business to Questas Group on September 27, 2025.
Concurrently, Helios entered into a long-term exclusive distribution agreement with Questas to maintain Sun Hydraulics' strategic position in the Australian hydraulics market.
The company intends to use the proceeds from this transaction for debt repayment, disciplined organic investment, and return of capital to shareholders.

Oct 1, 2025, 8:38 PM

8-K

Helios Technologies Completes Custom Fluidpower Sale and Enters Distribution Agreement

HLIO

M&A

New Projects/Investments

Helios Technologies (HLIO) completed the previously announced sale of its Custom Fluidpower (CFP) business to Questas Group.
Concurrently, Helios executed a long-term exclusive distribution agreement with Questas, which secures Sun Hydraulics’ strategic position in the Australian hydraulics market through CFP’s network.
Helios plans to use the net proceeds from the transaction consistent with its capital allocation priorities, including debt repayment, disciplined organic investment, and return of capital to shareholders.

Sep 29, 2025, 1:00 PM

Press Release

Helios Technologies Announces Finance and Accounting Leadership Changes

HLIO

CFO Change

Management Change

Executive Compensation

Helios Technologies, Inc. announced on August 28, 2025, that Michael Connaway will join the company as Chief Financial Officer in October 2025.
Upon Mr. Connaway's appointment, Sean Bagan, who currently serves as President, CEO, and CFO, will relinquish his CFO role.
Jeremy Evans, the current Corporate Controller, will be promoted to Chief Accounting Officer effective September 1, 2025.
Mr. Connaway's compensation package includes an annual base salary of $530,000, a short-term cash incentive target of 75% of base salary, a long-term equity incentive target of 150% of base salary, an initial award of 6,500 RSUs, and a $150,000 cash sign-on bonus.