newsfilter
← Latest News
Business Wire·

Helios Technologies Reports Second Quarter 2026 Results; Profitable Sales Growth Momentum Continues, Raising Full Year 2026 Outlook

HLIO
  • Helios Technologies reported second-quarter 2026 net sales of $231.9 million, a 9% increase year-over-year or 16% growth on a pro-forma basis excluding divestitures & foreign exchange impacts.
  • Electronics segment sales grew 19% pro-forma while Hydraulics segment sales rose 14% pro-forma.
  • Gross profit increased by $13 million to $80.2 million, including a $1 million benefit from net IEEPA tariff refunds, resulting in a 34.6% gross margin (up 280 basis points).
  • Diluted EPS reached $0.66 (up 94%) with adjusted diluted EPS at $0.88 (up 49%).
  • Operating cash flow hit a record $42 million for the quarter (up 13%), generating $31 million in free cash flow.
  • Net debt-to-adjusted EBITDA leverage ratio improved to 1.4x from 2.6x in the prior-year period.
  • The company paid its 118th consecutive quarterly cash dividend & repurchased $6.0 million of common stock in the quarter.
  • Helios raised its full-year 2026 outlook to sales of $880–$900 million & adjusted diluted EPS of $3.05–$3.25, implying the highest annual sales in company history.
  • Third-quarter 2026 guidance was established for sales of $215–$222 million & adjusted diluted EPS of $0.70–$0.77.
  • The Electronics segment showed significant margin expansion to 34.6% (up 530 basis points) with operating income up 90% to $11.2 million.
  • The Hydraulics segment reported 19.7% operating margin (up 200 basis points) with operating income of $28.9 million.