NYSE$HLIO
Helios Technologies Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Helios Technologies reported solid results, delivered margin expansion, and reduced debt for the fifth consecutive quarter.
Helios Technologies reported Q3 2024 financial results, demonstrating operational efficiency and strong cash management. The company achieved diluted EPS of $0.34 and diluted Non-GAAP EPS of $0.59, up 209% and 34% respectively year-over-year. Net sales were $194.5 million, and the company generated $34.8 million in cash from operations, a 195% increase over the prior-year period.
- Generated $34.8 million in cash from operations, up 195% over prior-year period, reflecting disciplined working capital initiatives.
- Reduced $19.3 million in total debt, the fifth consecutive quarter of debt reduction; Improved net debt leverage ratio again sequentially down to 2.8x from 3.0x ending 2Q24.
- Delivered net sales of $194.5 million in the quarter, within expected guidance range.
- Expanded gross margin 150 bps with strong operating margin improvement as expected from improved efficiencies and cost adjustments, despite lower net sales.
Headline financials
Revenue & EPS history
Helios · Revenue · Quarterly
$195M
Revenue by segment
Helios · $228M total across 2 segments · Q1 2026
- Hydraulics$139M—60.9%
- Electronics$89.2M—39.1%
Forward guidance
Helios Technologies updated its full-year 2024 outlook to reflect weaker end market conditions and hurricane impacts. The company remains focused on working capital management, operational efficiencies, cost discipline, and reducing debt.
Tailwinds
- Diversified customer base
- Diversified end markets
- Steady adjusted EBITDA margin
- Operational efficiencies
- Disciplined cost control
Headwinds
- Weaker end market conditions
- Growing distributor inventory levels
- Weakening end markets
- 18 lost manufacturing shifts from three hurricanes
- Lower full year sales volumes compared with last year
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 2024
+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
| Quarter | Report date | Reaction (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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