HELIOS TECHNOLOGIES Reports Fourth Quarter FY2022 Earnings Results for Period Ending December 31 2022 on February 27 2023
April 7, 2023
Earnings Overview
Helios Technologies ($NYSE:HLIO) reported their fourth quarter of FY2022 results, with a period ending December 31 2022, on February 27 2023. Net income for the quarter was USD 196.0 million, which is a 10.0% decrease year over year.
Share Price
HELIOS TECHNOLOGIES reported their fourth-quarter fiscal year 2022 earnings results on February 27, 2023. On the day of the announcement, HELIOS TECHNOLOGIES stock opened at $66.7 and closed at $67.1, signifying an increase of 1.7% from the previous closing price of $66.0. HELIOS TECHNOLOGIES also provided guidance for their first quarter of FY2023.
Overall, HELIOS TECHNOLOGIES reported strong earnings results for their fiscal year 2022, achieving record highs in both their total revenue and net income figures. With expectations for their first quarter of FY2023 being equally as positive, investors remain optimistic about the company’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Helios Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 885.4 | 98.4 | 11.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Helios Technologies. More…
| Operations | Investing | Financing |
| 109.9 | -90.8 | -6.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Helios Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.46k | 668.8 | 24.38 |
Key Ratios Snapshot
Some of the financial key ratios for Helios Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.9% | 13.2% | 15.6% |
| FCF Margin | ROE | ROA |
| 8.5% | 11.2% | 5.9% |
Analysis
At GoodWhale, we have analyzed the fundamentals of HELIOS TECHNOLOGIES and have determined that it is a medium risk investment from both a financial and business perspective. We detected one risk warning in the balance sheet which registered users can check out. Overall, our analysis suggests that HELIOS TECHNOLOGIES may be a good investment for those looking for medium risk opportunities. More…
Peers
The company operates in a highly competitive market, competing with the likes of Aura Systems Inc, Scanfil PLC, and EnPro Industries Inc. These organizations are all well-established players in the industry, offering products and services that are designed to meet the needs of customers worldwide. Helios Technologies Inc strives to remain at the forefront of technology and engineering innovation, providing customers with reliable solutions to their needs.
– Aura Systems Inc ($OTCPK:AUSI)
Aura Systems Inc. is a leading manufacturer of mobile air conditioning systems and other related products. The company has a market capitalization of $23.22 million as of 2023, and has achieved a Return on Equity of 8.25%. This reflects Aura Systems’ solid financial performance and ability to generate value for shareholders. The company’s innovative products have allowed it to sustain its competitive advantage in the marketplace by providing reliable, efficient, and affordable solutions. This, combined with its experienced management team, has enabled Aura Systems to remain profitable and continue to grow.
– Scanfil PLC ($LTS:0Q59)
Scanfil PLC is a technology company that provides electronics manufacturing services for the industrial, telecommunications, automotive, healthcare, and energy industries. Their market capitalization of 416.41 million as of 2023 reflects their financial stability and long-term growth potential in the industry. The company’s Return on Equity of 11.92% is a measure of their profitability and ability to generate returns on investments, which suggests they are well managed and able to generate strong returns for their shareholders.
– EnPro Industries Inc ($NYSE:NPO)
EnPro Industries Inc is an industrial solutions provider for engineered components and parts that are used in a wide range of industries, from aerospace to automotive. The company’s current market cap of 2.29B as of 2023 reflects its impressive financial performance, with a Return on Equity of 11.29%. This ROE indicates that EnPro Industries Inc is able to effectively use its capital to generate profits, and its market cap suggests that investors are confident in the company’s future prospects.
Summary
HELIOS TECHNOLOGIES reported its fourth quarter FY2022 financial results on February 27 2023, posting total revenue of USD 17.5 million, a 25.7% drop year-over-year. Net income also decreased 10.0% to USD 196.0 million. The earnings report is concerning for investors as it shows a significant decrease in both revenue and net income for the quarter.
Investors should analyze the company’s performance and outlook, and review any potential risks before investing. Furthermore, they should consider the company’s competitive landscape and any other factors that might influence their decision.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
