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Jun 27, 2020
Helios Q2 2020 Earnings Report
Reported financial results for the second quarter ended June 27, 2020, demonstrating adaptability and cost containment during the COVID-19 pandemic.
Key Takeaways
Helios Technologies reported net sales of $119.3 million for Q2 2020, an 8% decline from the prior quarter. The company's cost containment measures led to solid margins, with a gross margin of 37.5%. They generated $25.3 million in cash from operations and reduced debt by $7 million.
Net sales reached $119.3 million, showing a moderate decline due to the COVID-19 pandemic.
Aggressive cost containment measures resulted in solid margins despite lower sales volume.
Gross margin was 37.5% due to operating improvements.
Generated $25.3 million in cash from operations and reduced debt by $7 million, maintaining a net debt to adjusted EBITDA ratio of 2.1x.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Given the uncertainty in outlook due to the impact of the COVID-19 pandemic on the economy and end markets, the Company will not be providing financial guidance metrics.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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