NYSE$HLIO

Helios Technologies Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 27, 2020, demonstrating adaptability and cost containment during the COVID-19 pandemic.

Helios Technologies reported net sales of $119.3 million for Q2 2020, an 8% decline from the prior quarter. The company's cost containment measures led to solid margins, with a gross margin of 37.5%. They generated $25.3 million in cash from operations and reduced debt by $7 million.

  • Net sales reached $119.3 million, showing a moderate decline due to the COVID-19 pandemic.
  • Aggressive cost containment measures resulted in solid margins despite lower sales volume.
  • Gross margin was 37.5% due to operating improvements.
  • Generated $25.3 million in cash from operations and reduced debt by $7 million, maintaining a net debt to adjusted EBITDA ratio of 2.1x.

Headline financials

Total Revenue

$119M

Previous: $144M-17.1%
EPS (adj)

$0.55

Previous: $0.65-15.4%
Operating income margin

14.0%

Previous: 18.4%-23.9%
Adjusted EBITDA Margin

22.6%

Previous: 24.1%-6.2%
Gross margin

37.5%

Previous: 39.1%-4.1%
Capital Expenditures

-$2.28M

Previous: -$6.62M+65.6%
Free Cash Flow

$10.6M

Previous: $10.6M-0.1%
Net Income

$12.9M

Previous: $17.3M-25.2%
Operating Income

$16.7M

Previous: $26.4M-36.7%
Gross Profit

$44.7M

Previous: $56.2M-20.5%
Cash & Equivalents

$37M

Previous: $13.3M+178.3%
Total Assets

$1B

Previous: $1.06B-5.5%

Revenue & EPS history

Helios · Revenue · Quarterly

$119M

Q2 2020-17.1%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Helios · $119M total across 2 segments · Q2 2020

  • Hydraulics
    $102M
  • Electronics
    $17.2M

Forward guidance

Given the uncertainty in outlook due to the impact of the COVID-19 pandemic on the economy and end markets, the Company will not be providing financial guidance metrics.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+1.1%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+0.9%

Avg return

30 days after

59%

37 / 63 earnings

Positive

+20.9%

Q3 2016

Best reaction

-23.8%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%+2.5%+17.3%
Q4 2025-3.8%-12.6%-9.6%
Q3 2025-1.6%-4.0%-4.3%
Q1 2025+6.5%+21.0%+19.2%
Q4 2024+7.1%+1.6%-12.3%
Q3 2024+14.9%+7.8%+7.2%
Q2 2024+5.4%+4.2%-0.8%
Q1 2024+6.8%+5.7%-2.5%
Q4 2023+7.3%-0.4%-2.2%
Q3 2023-13.7%-16.7%-21.9%
Q2 2023-12.4%-7.3%-7.0%
Q1 2023-7.6%-12.2%-2.0%
Q4 2022+2.6%+9.6%-1.9%
Q3 2022-10.8%-5.1%-6.0%
Q2 2022-12.1%+0.5%-19.5%
Q1 2022-4.4%-1.7%+5.6%
Q4 2021-4.4%-4.2%+2.0%
Q3 2021+16.0%+15.2%+8.0%
Q2 2021+4.0%+2.3%+3.5%
Q1 2021-0.2%+3.6%-3.7%
Q3 2020+7.0%+5.8%+17.3%
Q2 2020+4.6%+11.6%+12.8%
Q1 2020+2.2%+2.4%+9.4%
Q4 2019-0.2%-4.9%-15.2%
Q3 2019+11.4%+7.2%+4.4%
Q2 2019+2.2%-3.2%-5.9%
Q1 2019-9.7%-9.9%-10.7%
Q4 2018+20.8%+27.9%+16.7%
Q3 2018-23.8%-17.1%-18.9%
Q2 2018-4.3%-8.0%-2.5%
Q1 2018-0.2%-0.8%+4.5%
Q4 2017-5.1%-6.4%-5.8%
Q3 2017-1.9%-0.3%-1.7%
Q2 2017+13.9%+12.3%+21.6%
Q1 2017+5.9%+5.0%+5.4%
Q4 2016-4.8%-8.8%-7.4%
Q3 2016+20.9%+32.8%+34.4%
Q2 2016+1.6%+0.6%+6.6%
Q1 2016-10.9%
Q4 2015+7.3%
Q3 2015+0.1%
Q2 2015-3.7%
Q1 2015-4.9%
Q4 2014+2.4%
Q3 2014+6.7%
Q2 2014+4.8%
Q1 2014-6.4%
Q4 2013+0.1%
Q3 2013+3.8%
Q2 2013+0.6%
Q1 2013-1.3%
Q4 2011+2.3%
Q4 2012+12.5%
Q3 2012+1.6%
Q2 2012+0.1%
Q1 2012+2.1%
Q4 2010+1.3%
Q3 2011-3.1%
Q2 2011+3.2%
Q1 2011+3.2%
Q3 2010-1.8%
Q2 2010-9.6%
Q1 2010+15.3%

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