HELIOS TECHNOLOGIES, INC.

Listed Company

HLIOCIK 0001024795NYSELarge AcceleratedMiscellaneous Fabricated Metal ProductsFloridaFY ends Dec 30

Period

FY 2025

Revenue

$839.00M

Net Income

$48.40M

Total Assets

$1.51B

Equity

$931.50M

Shares Out

33.11M

Op. Cash Flow

$127.30M

Business

HELIOS TECHNOLOGIES, INC. is a global manufacturer and systems provider of engineered motion control and electronic control technologies for diverse end markets. The company offers hydraulic motion control and fluid conveyance products such as cartridge valves, manifolds and quick release couplings, and custom electronic control systems, displays, wire harnesses and software solutions. It operates through two segments, Hydraulics and Electronics, delivering component and integrated electro‑hydraulic system solutions. Helios sells globally across the Americas, EMEA and APAC through OEM relationships, distributors and direct sales channels.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	839	806	836	885	869
Cost of sales	568	554	574	587	556
Gross profit	271	252	262	299	313
Selling, engineering and administrative expenses	148	139	149	133	131
Amortization of intangible assets	32	32	33	28	33
Goodwill impairment	26	0	0	—	—
Operating income	66	82	80	137	149
Interest expense, net	22	34	31	17	17
Foreign currency transaction loss, net	1	1	600,000	−900,000	1
Other non-operating (income), net	−20	−4	−1	−300,000	200,000
Income before income taxes	62	51	49	122	131
Income tax provision	14	12	12	23	27
Net income	48	39	38	98	105
Basic (per share)	1.46	1.17	1.14	3.03	3.24
Diluted (per share)	1.45	1.17	1.14	3.02	3.22
Basic (shares)	33	33	33	33	32
Diluted (shares)	33	33	33	33	33
Dividends declared per share	0.36	0.36	0.36	0.36	0.36

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	73	44	32	44	29
Accounts receivable, net of allowance for credit losses of $1.4 and $2.4	116	105	115	125	135
Inventories, net	189	190	215	192	166
Income taxes receivable	15	15	11	10	3
Other current assets	22	30	23	18	20
Total current assets	415	384	397	389	352
Property, plant and equipment, net	207	216	228	176	174
Deferred income taxes	2	2	2	2	3
Goodwill	498	499	514	469	460
Other intangible assets, net	370	384	426	406	413
Other assets	23	20	24	24	14
Total assets	1,515	1,505	1,590	1,464	1,415
Accounts payable	76	57	70	74	85
Accrued compensation and benefits	23	25	19	21	29
Other accrued expenses and current liabilities	23	26	27	32	28
Current portion of long-term non-revolving debt, net	5	16	23	19	18
Dividends payable	3	3	3	3	3
Income taxes payable	13	13	2	4	6
Total current liabilities	143	139	145	152	170
Revolving lines of credit	106	147	200	261	242
Long-term non-revolving debt, net	256	283	298	164	184
Deferred income taxes	52	41	57	61	72
Other noncurrent liabilities	26	31	36	30	39
Total liabilities	583	641	736	669	706
Commitments and contingencies (Note 18)	—	—	—	—	—
Preferred stock, par value $0.001, 2.0 shares authorized, no shares issued or outstanding	0	0	0	0	0
Common stock, par value $0.001, 100.0 shares authorized, 33.4 and 33.3 shares issued; 33.1 and 33.3 outstanding at January 3, 2026 and December 28, 2024, respectively	0	0	0	0	0
Capital in excess of par value	443	437	434	404	395
Retained earnings	539	503	476	450	363
Accumulated other comprehensive loss	−37	−76	−55	−59	−49
Treasury stock, at cost, 0.3 and 0 shares, respectively	−14	0	—	—	—
Total shareholders' equity	932	864	855	795	709
Total liabilities and shareholders' equity	1,515	1,505	1,590	1,464	1,415

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	48	39	38	98	105
Depreciation and amortization	63	64	64	52	54
(Gain) on sale of business	−19	0	0	—	—
Stock-based compensation expense	5	3	12	9	9
Amortization of debt issuance costs	700,000	1	600,000	500,000	500,000
Benefit for deferred income taxes	−1	−8	−8	−5	−1
Forward contract losses, net	600,000	0	300,000	−4	−5
Other, net	−5	3	0	0	100,000
Accounts receivable	−17	7	16	9	−32
Inventories	−3	19	−18	−27	−53
Income taxes receivable	300,000	−4	300,000	−5	−700,000
Other current assets	4	−8	−6	2	700,000
Other assets	5	5	−4	8	5
Accounts payable	22	−12	−5	−12	24
Accrued expenses and other liabilities	2	6	−6	−6	8
Income taxes payable	−700,000	11	−2	−2	6
Other noncurrent liabilities	−5	−5	4	−7	−8
Contingent consideration payments in excess of acquisition date fair value	0	0	−3	0	0
Net cash provided by operating activities	127	122	84	110	113
Business acquisitions, net of cash acquired	0	0	−114	−67	−61
Capital expenditures	−24	−27	−34	−32	−27
Proceeds from dispositions of property, plant and equipment	300,000	100,000	300,000	7	200,000
Business Divestiture Proceeds	47	0	0	—	—
Cash settlement of forward contracts	0	0	400,000	4	2
Software development costs	−4	−3	−6	−3	−3
Net cash provided by (used in) investing activities	20	−30	−154	−91	−90
Borrowings on revolving credit facilities	58	42	189	119	81
Repayment of borrowings on revolving credit facilities	−114	−89	−252	−93	−87
Borrowings on long-term non-revolving debt	0	127	160	0	12
Repayment of borrowings on long-term non-revolving debt	−38	−148	−22	−18	−16
Proceeds from stock issued	2	2	2	2	2
Purchase of treasury stock	−14	0	0	—	—
Dividends paid to shareholders	−12	−12	−12	−12	−12
Payment of contingent consideration liability	0	0	−3	−1	−300,000
Proceeds received upon termination of Cash Flow hedge instruments	0	7	0	0	—
Other financing activities	−2	−5	−2	−2	−1
Net cash (used in) provided by financing activities	−122	−78	58	−7	−23
Effect of exchange rate changes on cash, cash equivalents and restricted cash	3	−2	800,000	3	3
Net increase (decrease) in cash and cash equivalents	29	12	−11	15	3
Income taxes	16	21	26	—	—
Interest	30	32	30	16	16
Unrealized loss (gain) on interest rate swaps	0	−500,000	4	−13	−6
Stock issued for acquisition	0	0	19	2	14
Foreign currency remeasurement impact on euro denominated debt	−9	4	−2	5	6
Income taxes paid	2	21	26	32	24
Federal	800,000	—	—	—	—

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