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Jul 01, 2023
Helios Q2 2023 Earnings Report
Helios Technologies reported strong sequential growth in Q2 2023, with revenue up 7% and net income up 21%.
Key Takeaways
Helios Technologies reported a 7% sequential increase in revenue and a 21% sequential increase in net income for Q2 2023. The company's performance was driven by strategic investments and acquisitions, despite macroeconomic headwinds and supply chain constraints. The company is updating its 2023 outlook to address pull forward of capacity investments in response to building 2024+ customer demand combined with lower near-term visibility in APAC and recent facility impacts
Sequential top line growth of 7%, with 6% growth excluding acquisitions, compared to 1Q23.
Operating margin expanded 140 basis points sequentially.
Acquired i3 Product Development, expanding engineering expertise and market reach.
Diluted EPS of $0.51 and Diluted Non-GAAP Cash EPS of $0.81, up 21% and 13% sequentially, respectively.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company updated its 2023 outlook to address pull forward of capacity investments in response to building 2024+ customer demand combined with lower near-term visibility in APAC and recent facility impacts.
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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