Conference Call Participants Tania Almond I'll also point out that during today's call, we will discuss some non-GAAP financial measures, which we believe are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. We have provided reconciliations of comparable GAAP with non-GAAP measures in the tables that accompany today's slides. Please reference Slides three, four and five ...

Electronics sales decreased over the prior-year period by 37% to $65.5 million, with demand across all regions declining, as mentioned, due primarily to the contraction of the health and wellness market. When excluding the health and wellness market, the Electronics segment grew 11% over Q1 '22. End market demand was driven by industrial and mobile markets. Sequentially, as mentioned, we saw very strong growth in this segment. With that, let's open up the lines for Q&A, please. Okay. And then just in health ...

Helios Technologies, Inc. (NYSE:HLIO) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants Tania Almond - VP, IR, Corporate Communications and Risk Management Josef Matosevic - President and Chief Executive Officer Tricia Fulton - Chief Financial Officer Conference Call Participants Joe Grabowski - Baird Nathan Jones - Stifel Jon Braatz - Kansas City Capital Jeffrey Hammond - KeyBanc Capital Operator Ladies and gentlemen, greetings, and welcome to the Helios Technologies Fourth ...

Financial Performance - Consolidated net sales for 2022 increased by $16.2 million, or 1.9%, compared to the prior year, with acquisition growth contributing $24.9 million while organic sales declined by $8.7 million, or 1.0%[205]. - The Hydraulics segment reported net sales of $551.3 million for 2022, a growth of $34.9 million, or 6.8%, with acquisition-related sales accounting for $22.4 million of the increase[212]. - Hydraulics segment net sales for 2022 were $551.3 million, a 6.7% increase from $516.4 million in 2021, driven by a 19.0% increase in the Americas[215]. - Electronics segment net sales decreased by $18.6 million, or 5.3%, to $334.1 million, with organic sales impacted by supply chain constraints and foreign currency exchange rates[218]. Profitability and Costs - Gross profit for 2022 declined by $14.3 million, or 4.6%, driven by lower volume and higher material costs, with gross margin decreasing by 2.3 percentage points to 33.7%[207]. - Operating income as a percentage of sales decreased by 1.7 percentage points to 15.5% in 2022, impacted by gross margin changes and increased M&A-related professional fees[209]. - The Electronics segment experienced a gross profit decline of $17.0 million, or 14.2%, primarily due to lower sales volume and increased material costs[221]. - Gross profit for the Hydraulics segment improved by $2.1 million, or 1.1%, despite a $7.1 million unfavorable impact from foreign currency changes[216]. Restructuring and Strategic Initiatives - The company incurred $5.2 million in restructuring costs in 2022, aimed at improving the global cost structure and aligning employee talent with strategic operational goals[208]. - The company completed several strategic acquisitions, including Schultes Precision Manufacturing in January 2023, enhancing its manufacturing capabilities and expanding into new end markets[196]. Cash Flow and Investments - Cash provided by operating activities totaled $109.9 million in 2022, a decrease of $3.2 million, or 2.8%, compared to the prior year[236]. - Cash on hand increased by $15.2 million to $43.7 million at the end of 2022, supported by a cash management strategy focused on operational funding and debt reduction[236]. - Cash used in investing activities totaled $90.8 million in 2022, slightly up from $90.3 million in 2021, with capital expenditures increasing by 19.0% to $31.9 million[238]. - Capital expenditures for 2023 are forecasted to be approximately 3%-5% of sales, focusing on capacity expansion and technology improvements[238]. Market Trends and External Factors - The health and wellness market experienced a sharp decline in sales during 2022, following a pandemic-driven increase in 2020 and 2021[200]. - Foreign currency exchange rates negatively impacted sales by $27.6 million, or 3.2%, while pricing changes had a favorable impact of $40.2 million, or 4.6%[206]. - A 10% decrease in average exchange rates in 2022 would have resulted in a decrease in annual sales of $32.6 million and net income of $8.1 million[266]. Liabilities and Financing - Borrowings on credit facilities totaled $183.6 million for term loans and $262.9 million for revolving credit facilities as of December 31, 2022[241]. - Dividends paid totaled $11.7 million in 2022, consistent with the previous year, at a rate of $0.09 per share[242]. - Contingent consideration liabilities related to acquisitions amounted to $6.7 million as of December 31, 2022, payable through the last quarter of 2024[245]. - Interest rates on credit facilities ranged from 3.9% to 6.4% as of December 31, 2022, with estimated future interest payments totaling $71.6 million[244]. - The company does not engage in off-balance sheet financing arrangements, including variable interest entities[259].

Helios Technologies, Inc. (NYSE:HLIO) Q3 2022 Earnings Conference Call November 7, 2022 9:00 AM ET Company Participants Tania Almond - VP, IR, Corporate Communications and Risk Management Josef Matosevic - President and Chief Executive Officer Tricia Fulton - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Nathan Jones - Stifel Operator Greetings and welcome to the Helios Technologies Third Quarter Fiscal Year 2022 Financial Results Call. At this time, all participants are in a listen ...

Second Quarter 2022 Earnings Aug 9, 2022 Josef Matosevic – President & CEO Tricia Fulton – Chief Financial Officer Tania Almond – VP of IR, Corp. Comm., & Risk Mgmt. Helios Technologies // Investor Presentation 1 Safe Harbor Statement This presentation and oral statements made by management in connection herewith that are not historical facts are "forward‐looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward‐looking statements involve risks and uncertainties, ...

Helios Technologies, Inc. (NYSE:HLIO) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Tania Almond - Vice President, Investor Relations, Corporate Communications and Risk Management Josef Matosevic - President and Chief Executive Officer Tricia Fulton - Chief Financial Officer Conference Call Participants Jeff Hammond - KeyBanc Capital Markets Chris Howe - Barrington Research Nathan Jones - Stifel Operator Greetings, and welcome to the Helios Technologies Second Quarter Fisca ...

First Quarter 2022 Earnings May 10, 2022 Josef Matosevic – President & CEO Tricia Fulton – Chief Financial Officer Tania Almond – VP of IR, Corp. Comm., & Risk Mgmt. Helios Technologies // Investor Presentation 1 Safe Harbor Statement This presentation and oral statements made by management in connection herewith that are not historical facts are "forward‐looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward‐looking statements involve risks and uncertainties, ...

Helios Technologies, Inc. (NYSE:HLIO) Q1 2022 Earnings Conference Call May 10, 2022 9:00 AM ET Company Participants Josef Matosevic – President and Chief Executive Officer Tricia Fulton – Chief Financial Officer Tania Almond – Investor Relations Conference Call Participants Jeff Hammond – KeyBanc Capital Markets Chris Howe – Barrington Research Mig Dobre – Baird Jon Braatz – Kansas City Capital Adam Farley – Stifel Operator Greetings and welcome to the Helios TechnologiesÂ' First Quarter 2022 Financial Resu ...

Helios Technologies, Inc. (NYSE:HLIO) Q4 2021 Earnings Conference Call March 1, 2022 9:00 AM ET Company Participants Tania Almond - IR Josef Matosevic - President and CEO Tricia Fulton – CFO Conference Call Participants Mig Dobre - Baird Adam Farley - Stifel Jon Braatz - Kansas City Capital Jeff Hammond - KeyBanc Capital Markets Operator Greetings, and welcome to Helios Technologies Fourth Quarter 2021 Financial Results. [Operator Instructions] As a reminder, this conference is being recorded. I would now l ...