Helios Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2023
February 26, 2024 at 04:15 pm EST
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Helios Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 30, 2023. For the fourth quarter, the company reported sales was USD 193.4 million compared to USD 196 million a year ago. Net income was USD 3.3 million compared to USD 17.5 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.54 a year ago.
For the full year, sales was USD 835.6 million compared to USD 885.4 million a year ago. Net income was USD 37.5 million compared to USD 98.4 million a year ago. Basic earnings per share from continuing operations was USD 1.14 compared to USD 3.03 a year ago. Diluted earnings per share from continuing operations was USD 1.14 compared to USD 3.02 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. 
