Helios Technologies, Inc. Reports Earnings Results for the First Quarter Ended April 3, 2021
May 10, 2021 at 04:19 pm EDT
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Helios Technologies, Inc. announced earnings results for the first quarter ended April 3, 2021. For the first quarter, the company announced sales was USD 204.844 million compared to USD 129.483 million a year ago. Operating income was USD 34.608 million compared to operating loss of USD 10.033 million a year ago. Net income was USD 22.587 million compared to net loss of USD 17.223 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to basic loss per share from continuing operations of USD 0.54 a year ago.
Helios Technologies, Inc. provides highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. The Company's segments include Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds, quick release couplings as well as engineers hydraulic solutions and in some cases complete systems. The Hydraulics segment includes products sold under the Sun Hydraulics, Faster, Custom Fluidpower, Taimi, Daman and Schultes brands. The Electronics segment designs and manufactures customized electronic controls systems, displays, wire harnesses, and software solutions for a variety of end markets. The Electronics segment includes products sold under the Enovation Controls, Murphy, Zero Off, Balboa Water Group and Joyonway brands.
HELIOS TECHNOLOGIES, INC. 
