Helios Technologies, Inc. Provides Earnings Guidance for the First Quarter and Year 2024
February 26, 2024 at 04:15 pm EST
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Helios Technologies, Inc. provided earnings guidance for the first quarter and year 2024. For the year, the company expects consolidated revenue to be $840 million - $860 million. Net income to be $50 million - $63 million. Diluted EPS to be $1.50 - $1.90.
For the first quarter 2024, the company expects sequential top- and bottom-line improvement with revenues likely in the range of $205 million to $210 million.
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.