HELIOS TECHNOLOGIES Reports Second Quarter Fiscal 2023 Earnings Results
August 14, 2023
🌥️Earnings Overview
For the quarter ended June 30, 2023, HELIOS TECHNOLOGIES ($NYSE:HLIO) reported total revenue of USD 227.6 million, a decrease of 5.8% year-over-year. Net income for the period was USD 16.8 million, a decline of 44.1% compared to the same quarter of the prior fiscal year.
Stock Price
HELIOS TECHNOLOGIES reported its second quarter fiscal 2023 earnings results on Monday. The stock opened at $62.3 and closed at $62.3, down 0.3% from its last closing price of $62.5. The company’s net income and total revenue increased quarter-over-quarter and year-over-year, indicating healthy growth momentum. With an increasing demand for their products and services, HELIOS TECHNOLOGIES is well-positioned for continued growth in the quarters ahead. 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 is proud to offer our analysis of HELIOS TECHNOLOGIES‘ financials. Our Risk Rating shows that HELIOS TECHNOLOGIES is a medium risk investment in terms of both financial and business aspects. However, our analysis has detected 1 risk warnings in the balance sheet that you can check out once you become a registered user. We provide detailed insights into HELIOS TECHNOLOGIES’ financial health, and our comprehensive analysis can help you make informed decisions about this company. Sign up today and get started! 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 their Q2 2023 earnings results, with total revenue of USD 227.6 million, a decrease of 5.8% year-over-year. Net income for the quarter was USD 16.8 million, a decrease of 44.1% from the previous year. Investors should take into consideration the overall decrease in revenue compared to the same quarter last year, as well as the significant decrease in net income.
Despite this, HELIOS’ financial position remains relatively strong with a high cash balance and no debt. Investors may want to keep an eye on the company’s future performance, as well as any potential strategic plans to improve revenue and profitability.
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