Helios Technologies Reports Q2 Earnings Results for FY2023
August 11, 2023
🌥️Earnings Overview
On August 7 2023, HELIOS TECHNOLOGIES ($NYSE:HLIO) released their earnings report for the second quarter of the 2023 fiscal year, ending June 30 2023. Q2 revenue totaled USD 227.6 million, a decrease of 5.8% compared to the same quarter one year earlier. Net income dropped 44.1%, settling at USD 16.8 million.
Price History
On Monday, HELIOS TECHNOLOGIES reported their Q2 earnings results for FY2023, and the stock opened at $62.3 and closed at the same price. This represents a 0.3% decrease from the previous day’s closing price of $62.5. Overall, HELIOS TECHNOLOGIES reported a solid quarter with encouraging financial results, and analysts are optimistic that the company will continue to perform well in the future. It remains to be seen how the upcoming quarter will fare, but investors remain hopeful that the company can keep up the positive momentum and deliver strong earnings results for FY2023. 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 |
| 844 | 68.5 | 8.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Helios Technologies. More…
| Operations | Investing | Financing |
| 104.1 | -217.4 | 108 |
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 |
| 1.61k | 763.2 | 25.65 |
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 |
| 18.1% | 9.3% | 12.6% |
| FCF Margin | ROE | ROA |
| 7.4% | 8.1% | 4.1% |
Analysis
GoodWhale recently conducted an analysis of HELIOS TECHNOLOGIES‘ wellbeing. Our ‘Star Chart’ revealed that HELIOS TECHNOLOGIES had a relatively strong showing in dividend, growth, and profitability, but was weak in asset. It’s high health score of 8/10, considering its cashflows and debt, demonstrated that HELIOS TECHNOLOGIES is capable to safely ride out any crisis without the risk of bankruptcy. From this analysis, GoodWhale classified HELIOS TECHNOLOGIES as a ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. This type of company may be attractive to investors looking for mid-term investments with the opportunity for steady returns. Those investors may also be interested in HELIOS TECHNOLOGIES’ strong dividend and profitability, as well as its relative safety from bankruptcy. 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 a 5.8% decrease in total revenue for the quarter ending June 30 2023. Net income was also down 44.1% year over year, coming in at USD 16.8 million. These results indicate that HELIOS TECHNOLOGIES may be a risky investment.
Investors should be aware of the potential risks associated with investing in the company and research further to determine whether it is an appropriate investment for them. Analysts should also review its financial position to assess its overall strength and future prospects.
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