Helios Technologies (HLIO) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Helios Technologies reported revenue of $194.5 million for the quarter ended September 2024, reflecting a year-over-year decline of 3.4% [1] - The earnings per share (EPS) for the same period was $0.59, an increase from $0.44 a year ago, resulting in an EPS surprise of +5.36% compared to the consensus estimate of $0.56 [1] Revenue Performance - Net Sales in Hydraulics amounted to $129.40 million, which is a -2% change year over year and below the average estimate of $136.60 million [3] - Net Sales in Electronics were reported at $65.10 million, representing a -6.2% change year over year and also falling short of the average estimate of $71.50 million [3] Operating Income - Operating income for Hydraulics was $24.20 million, slightly below the average estimate of $24.30 million [3] - Operating income for Electronics was reported at $6.80 million, significantly lower than the average estimate of $10.80 million [3] Stock Performance - Over the past month, shares of Helios Technologies have returned +1.7%, outperforming the Zacks S&P 500 composite, which changed by -0.5% [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]