Helios Technologies(HLIO) - 2024 Q3 - Quarterly Results

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Helios Technologies Reports Third Quarter 2024 Financial Results; Operational Efficiency and Working Capital Management Initiatives Gain Traction • 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 • Deliver ...