NYSE$HLIO

Helios Technologies Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Helios Technologies' augmented strategy led to 82% sales growth and strong cash generation.

Helios Technologies reported strong Q3 2021 results, with 82% sales growth driven by organic growth and acquisitions. Net income increased by 114% and the company raised its revenue and Non-GAAP Cash EPS expectations for fiscal 2021.

  • Organic sales grew 30% due to high demand and diversified markets.
  • Net income increased 114% year-over-year to $27.8 million.
  • Adjusted EBITDA margin expanded 170 basis points to 25.1%.
  • Generated $32.5 million in cash from operations and $25.7 million in free cash flow.

Headline financials

Total Revenue

$223M

Previous: $123M+82.0%
EPS (adj)

$1.07

Previous: $0.53+101.9%
Adjusted EBITDA Margin

25.1%

Previous: 23.4%+7.3%
Capital Expenditures

-$6.75M

Previous: -$1.94M-247.9%
Free Cash Flow

$21M

Previous: $11M+90.3%
Net Income

$27.8M

Previous: $13M+113.8%
Operating Income

$40.7M

Previous: $18.3M+122.2%
Gross Profit

$80.9M

Previous: $46.9M+72.4%
Cash & Equivalents

$47.7M

Previous: $32.4M+47.0%
Total Assets

$1.42B

Previous: $999M+41.9%

Revenue & EPS history

Helios · Revenue · Quarterly

$223M

Q3 2021+82%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Helios · $223M total across 2 segments · Q3 2021

  • Hydraulics
    $133M+35.8%
  • Electronics
    $89.8M+267.6%

Forward guidance

Helios Technologies raised its revenue and Non-GAAP Cash EPS expectations for fiscal 2021, holding margins reflecting strong results year-to-date in a continued challenging environment amidst robust demand.

Tailwinds

  • Consolidated revenue is expected to be between $840 and $860 million.
  • Adjusted EBITDA is expected to be between $197 and $211 million.
  • Interest expense is expected to be between $16 and $17 million.
  • Effective tax rate is expected to be between 22% and 24%.
  • Non-GAAP Cash EPS is expected to be between $3.75 and $4.10.

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 Q3 2021

Historical avgQ3 2021

+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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