Helios Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
August 07, 2023 at 09:15 pm
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Helios Technologies, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 227.6 million compared to USD 241.7 million a year ago. Net income was USD 16.8 million compared to USD 30 million a year ago. Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.92 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.92 a year ago.
For the six months, sales was USD 440.8 million compared to USD 482.2 million a year ago. Net income was USD 30.6 million compared to USD 60.5 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 1.86 a year ago. Diluted earnings per share from continuing operations was USD 0.93 compared to USD 1.86 a year ago.
Helios Technologies, Inc. provides highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. The Company's segments include Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds, quick release couplings as well as engineers hydraulic solutions and in some cases complete systems. The Hydraulics segment includes products sold under the Sun Hydraulics, Faster, Custom Fluidpower, Taimi, Daman and Schultes brands. The Electronics segment designs and manufactures customized electronic controls systems, displays, wire harnesses, and software solutions for a variety of end markets. The Electronics segment includes products sold under the Enovation Controls, Murphy, Zero Off, Balboa Water Group and Joyonway brands.
HELIOS TECHNOLOGIES, INC. 
