Shares of motion control and electronic systems manufacturer Helios Technologies (NYSEHLIO)
jumped 20.8% in the morning session after the company posted solid fourth-quarter results, with revenue narrowly exceeding analysts' expectations. But sales fell 7% from last year, hurt by a 10% drop in its hydraulics unit due to soft demand in agriculture and industrial markets. Despite the revenue decline, gross margins improved through lower material costs and operational efficiencies, helping to offset lower volumes and contributing to a strong EPS beat.
Motion control and electronic systems manufacturer Helios Technologies (NYSEHLIO) announced better-than-expected revenue in Q4 CY2024, but sales fell by 7.2% year on year to $179.5 million. On the other hand, the company’s full-year revenue guidance of $800 million at the midpoint came in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.33 per share was 4.6% below analysts’ consensus estimates.
Motion control and electronic systems manufacturer Helios Technologies (NYSEHLIO)
will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Since July 2024, Helios has been in a holding pattern, posting a small loss of 2.8% while floating around $44.66. The stock also fell short of the S&P 500’s 10.3% gain during that period.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gas and liquid handling stocks fared in Q3, starting with Helios (NYSEHLIO).
Let’s dig into the relative performance of Flowserve (NYSEFLS) and its peers as we unravel the now-completed Q3 gas and liquid handling earnings season.
Motion control and electronic systems manufacturer Helios Technologies (NYSEHLIO) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 3.4% year on year to $194.5 million. The company’s full-year revenue guidance of $802.5 million at the midpoint came in 2.6% below analysts’ estimates. Its non-GAAP profit of $0.59 per share was 8.5% above analysts’ consensus estimates.
Motion control and electronic systems manufacturer Helios Technologies (NYSEHLIO)
will be announcing earnings results tomorrow after market hours. Here’s what to look for.
HLIO shares drop after CEO Josef Matosevic placed on leave for potential ethics violation. Sean Bagan appointed interim CEO, Philippe Lemaitre becomes Executive Chairman. Keybanc downgrades stock.
Companies Reporting Before The Bell • Kosmos Energy (NYSEKOS) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million.
