Helios Technologies reported excellent Q2 2021 results with strong organic growth and increased net income. The company is executing its plans to drive organic growth, generate cash, and deliver top-tier adjusted EBITDA margins.
Organic growth of 37% achieved in the quarter driven by industry-best lead times, flexibility and new products
Net income grew to $30.7 million, up 138% over the prior-year period and up 36% over the trailing first quarter
Adjusted EBITDA margin expanded 310 basis points over prior-year period to 25.7%
Diluted EPS of $0.95 up 138% from last year; Non-GAAP Cash EPS of $1.20 up 118%
The company raised revenue and margin expectations for 2021, anticipating continued supply chain challenges and material cost headwinds in the second half.
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