Helios Technologies Inc · Q2 2022 earnings

Briefing

Helios Technologies reported an 8% increase in net sales and top-tier operating margins in Q2 2022.

Helios Technologies reported net sales growth of 8% in the second quarter of 2022, driven by 5% organic growth. The company achieved a diluted EPS of $0.92 and a diluted non-GAAP cash EPS of $1.18. The company reaffirmed its 2022 outlook, expecting the lower end of revenue and earnings ranges.

• Achieved 5% organic growth in 2Q22 as strategy to diversify end markets and geographic breadth provides greater stability
• Manufacturing and operating strategy focused on improving efficiencies and leveraging global operating footprint delivering top-tier margins through tough macro conditions
• Achieved diluted EPS of $0.92 in the quarter; Diluted Non-GAAP Cash EPS of $1.18; Earnings hold steady sequentially despite rapid inflationary environment
• Strong financial flexibility with net debt to adjusted EBITDA leverage ratio down to 1.68x

Headline financials

Revenue & EPS history

The Company reaffirms its expectations for 2022, which assumes constant currency using quarter end rates. Factoring in foreign currency exchange rates and macroeconomic conditions, expecting lower end of revenue, adjusted EBITDA, earnings and capex ranges and higher end of effective tax rate range based on expected regional mix.