Helios Technologies: Fourth Quarter Earnings Overview

Helios Technologies Announces Fourth-Quarter Financial Results

Helios Technologies, headquartered in Sarasota, Florida, revealed its financial performance for the fourth quarter on Monday, posting a net income of $19.5 million.

The company reported earnings of $0.58 per share, while adjusted earnings—excluding certain one-time items—reached $0.81 per share.

These results surpassed analysts’ expectations, as the consensus from four analysts polled by Zacks Investment Research had predicted earnings of $0.71 per share.

Helios Technologies, known for manufacturing hydraulic cartridge valves and manifolds, generated $210.7 million in revenue for the quarter, exceeding the $197.5 million forecasted by three Zacks analysts.

For the full year, Helios Technologies achieved a net profit of $48.4 million, or $1.45 per share, with total revenue amounting to $839 million.

Outlook for the Upcoming Quarter and Year

Looking ahead to the quarter ending in March, the company anticipates earnings per share to fall between $0.65 and $0.70. Revenue for the fiscal first quarter is projected to range from $218 million to $223 million.

For the entire year, Helios Technologies expects earnings per share to be between $2.60 and $2.90, with annual revenue estimated between $820 million and $860 million.