Core Insights - Helios Technologies aims to double its sales by 2030 through the Helios Momentum Model and a structured operating cadence [1][6][4] - The company reported a return to growth in 2025 after 12 consecutive quarters of sales declines, achieving $839 million in revenue [2][3] - The CORE 2030 strategy focuses on margin expansion, targeting adjusted EBITDA margins exceeding 25% [4][7] Financial Performance - Pro forma revenue for 2025 was reported at $792 million, with adjusted EBITDA at 19.2% [3][6] - The company experienced significant growth in Q3 and Q4 of 2025, with sales increasing by 13% and 17% respectively [6][7] - Helios is guiding for at least 20% growth in 2026, with a net leverage of 1.8x at the end of 2025 [6][7] Operational Strategy - The company has implemented a >30% dividend increase and a $100 million share buyback authorization [5][15] - Segment expansion plans include a focus on electronics, which now represents nearly 40% of total revenue, and hydraulics targeting defense and aerospace certifications [5][8][11] - The company is pursuing organic growth and disciplined M&A to fill a projected $500 million gap to reach its 2030 revenue target of approximately $1.1 billion [13][16] Market Opportunities - The electronics segment is heavily weighted towards North America but is viewed as underserved in EMEA and APAC, presenting expansion opportunities [8] - The hydraulics segment is focusing on new markets such as oil and gas, hydrogen applications, and data center liquid cooling systems [12][11] Capital Allocation - The company has paid down $153 million of debt across 2024 and 2025, maintaining a target net leverage range of 1.5x to 2.5x [15] - Helios aims for free cash conversion of about 100% and capital expenditures of 3% to 6% of sales [14][15]