Helios Technologies(HLIO) - 2024 Q2 - Quarterly Results

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Helios Technologies Reports Second Quarter 2024 Financial Results; Delivers Continued Sequential Margin and Cash Flow Improvements • Delivered net sales of $219.9 million up 4% over 1Q24 with Hydraulics up 2% and Electronics up 7% • Demonstrated sequential margin improvement over 1Q24 across both gross (+40 bps) and operating (+220 bps) margins from improved volume, operational initiatives, and cost management • Achieved diluted EPS of$ 0.41 in 2Q24 and Dilute ...