newsfilter
← Latest News
Business Wire·

Helios Technologies Reports First Quarter 2026 Results that Exceeded Outlook with Sales Growth of 17% & Accelerated Earnings Growth Over the Prior Year

HLIO
  • Helios Technologies reported 1Q26 sales of $228.4 million, a 17% year-over-year increase, or 23% on a pro forma basis excluding the divestiture of Custom Fluidpower (CFP) & foreign exchange impacts.
  • Electronics segment sales grew 29% pro forma & FX to $89.2 million, while Hydraulics segment sales rose 19% pro forma & FX to $139.2 million.
  • Consolidated gross margin expanded 220 basis points to 32.8%, driven by volume growth, segment mix, & cost efficiencies from in-region production optimization.
  • Diluted EPS reached $0.59, up 168% year-over-year, while adjusted diluted EPS was $0.80, representing an 82% increase.
  • The company generated $24 million in cash from operations & $17 million in free cash flow for the first quarter.
  • Net debt-to-adjusted EBITDA leverage ratio improved to 1.6x, the lowest since 1Q18, down from 2.7x in the prior year, with net debt at $284 million.
  • Shareholder returns were enhanced via a 33% dividend increase to $0.12 per share & $4.6 million in common stock repurchases, marking 29 consecutive years of consistent dividend payments.
  • Management raised the full-year 2026 outlook for sales to $840–$870 million & adjusted diluted EPS to $2.75–$3.00.
  • A strong second quarter 2026 outlook was initiated, projecting sales of $227–$232 million & adjusted diluted EPS of $0.78–$0.83.
  • Geographically, Americas sales increased 21%, EMEA sales rose 31%, while APAC sales declined 6% year-over-year.
  • The company confirmed it is executing its CORE Strategy & 2030 financial targets despite geopolitical volatility & limited end-market recovery.