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Sep 26, 2020
Helios Q3 2020 Earnings Report
Helios Technologies reported sequential sales growth and strong margins.
Key Takeaways
Helios Technologies reported excellent quarterly results with total revenue exceeding expectations and expanding gross margins. The company generated $36.7 million in cash from operations and reduced net debt-to-Adjusted EBITDA to 2.0x.
Net sales grew $3.3 million sequentially to $122.6 million compared with trailing second quarter.
Electronics sales up 42% over trailing second quarter to $24.4 million.
Gross margin expanded 50 basis points over prior-year period to 38.3% on lower volume demonstrating improved operational efficiencies.
Generated $36.7 million of cash from operations and reduced net debt-to-Adjusted EBITDA to 2.0x.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects revenue to range from $485 to $495 million for the full year 2020 and Adjusted EBITDA margin to be approximately 22% for the full year 2020.
Positive Outlook
- Revenue is expected to range from $485 to $495 million for the full year 2020.
- Revenue expectations incorporate expectations of typical seasonality in the fourth quarter for the Electronics segment.
- Revenue expectations incorporate recovering order levels for the Hydraulics segment.
- Adjusted EBITDA margin is expected to be approximately 22% for the full year 2020.
- The outlook does not include any contribution from the Acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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