Helios Technologies reported strong Q4 2020 results, with all businesses exceeding expectations in revenue and profitability. The Balboa acquisition contributed $26.1 million in the quarter and also exceeded expectations. The company paid down debt and achieved net leverage of 3.0x.
End markets continue to rebound with agriculture, marine and health/wellness leading the way.
New customer wins in the fourth quarter drive end market diversification.
Adjusted EBITDA margins consistent with prior year even through pandemic.
Strong sales growth anticipated for 2021 Outlook; margins expected to remain strong despite significant investments to propel growth.
The following provides the Company’s expectations for 2021. This assumes constant currency rates and that markets served continue to recover from the global pandemic.
Visualization of income flow from segment revenue to net income
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