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Helios Technologies (HLIO) Reports Q3 Earnings: What Key Metrics Have to Say
HLIOHelios Technologies(HLIO) ZACKS·2024-11-06 00:30

Core Insights - Helios Technologies reported revenue of 194.5millionforthequarterendedSeptember2024,reflectingayear−over−yeardeclineof3.4194.5 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 0.44ayearago,resultinginanEPSsurpriseof+5.360.44 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 129.40million,whichisa−2129.40 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 65.10million,representinga−6.265.10 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 24.20million,slightlybelowtheaverageestimateof24.20 million, slightly below the average estimate of 24.30 million [3] - Operating income for Electronics was reported at 6.80million,significantlylowerthantheaverageestimateof6.80 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]