Helios Technologies, Inc. (HLIO)
The company now
Helios Technologies reported second-quarter 2026 sales of $232 million on 10 August, up 9 percent from a year earlier 3.
Net income was $21.9 million and diluted earnings per share, profit per share, were $0.66, up 94 percent 3.
Gross margin, the share of sales left after production costs, was 34.6 percent, 280 basis points higher than a year earlier 3.
Chief executive Sean Bagan credited volume, new products and operating leverage for the wider margin 3.
The company expects 2026 sales of $880 to $900 million, raised from $840 to $870 million 3.
Its finance chief said the second half faces tougher comparisons, tariff dynamics and inflation 3.
As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.
Where the revenue comes from
fiscal 2025, as filedRevenue by region, fiscal 2025
| Region | Fiscal 2025 | Fiscal 2024 | Share of revenue |
|---|---|---|---|
| Americas | $452M | $435M | 53.9% |
| EMEA | $199M | $184M | 23.7% |
| Asia Pacific | $188M | $187M | 22.4% |
As tagged in its annual report (Form 10-K, filed Mar 3, 2026 ↗), read from the SEC's financial statement data sets. The year before is the figure the record holds for the prior fiscal year.
The desk's written account, in full. As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed. Nothing here is advice.
Past
Helios makes hydraulic parts and electronic controls, and it has added to its range by buying niche specialist firms 1.
It bought Schultes Precision Manufacturing, a maker of tight-tolerance machined parts, in January 2023 1.
It bought i3 Product Development, a custom engineering firm, in May 2023 1.
A fire and a weather event shut an Italian plant in the third quarter of 2023, and insurance later repaid $9.1 million 1.
In July 2024 the board ended Josef Matosevic's term as chief executive, and Sean Bagan took the job on an interim basis 1.
Bagan was made the permanent chief executive on 6 January 2025 1.
Sales for fiscal 2025 rose 4.1 percent to $839.0 million, helped by stronger demand in mobile and recreational marine markets 1.
Net income rose to $48.4 million, although operating income fell to $66.0 million after a $25.9 million goodwill write-down on i3PD 1.
A goodwill write-down records that a business bought earlier is now worth less than the price paid above its assets 1.
In September 2025 it sold its Custom Fluidpower unit, which it had bought in August 2018, and booked a $15.2 million net gain after tax 1.
Present
Hydraulics
The Hydraulics segment designs and builds parts that control the flow of fluid power in machines, such as cartridge valves, manifolds and quick release couplings 1.
It sold $540.8 million in fiscal 2025, up 0.7 percent, with an operating margin of 16.9 percent 1.
In the latest quarter segment sales were $146.4 million, up 4 percent 3.
Electronics
The Electronics segment builds custom control systems, displays and wire harnesses, and its Balboa Water Group brand supplies controls for hot tubs and swim spas 1.
It sold $298.2 million in fiscal 2025, up 11.0 percent, but operating income fell to $9.7 million 1.
The goodwill charge came from i3PD, a brand in this segment 1.
In the latest quarter segment sales were $85.5 million, up 19 percent 3.
People and places
Sean Bagan is president and chief executive, and Jeremy Evans is chief financial officer 3.
The company employed over 2,300 people at the end of fiscal 2025, about 56 percent of them in the Americas 1.
It leases its Sarasota, Florida headquarters, and its Hydraulics sites cover 3,035 thousand square feet in all 1.
The company is moving more Electronics production to a low-cost plant in Tijuana, Mexico, work it paused in 2025 over tariff uncertainty 2.
Rivals
In hydraulics the annual report names Parker Hannifin, Danfoss/Eaton and Bosch Rexroth/HydraForce as full-line rivals 1.
In electronics it names Continental, Garmin and Bosch among its competitors 1.
The umbrella, in words
Hydraulics sells under the Sun Hydraulics, Faster, NEM, Taimi, Daman and Schultes brands 1.
Electronics sells under Enovation Controls, Murphy, Zero Off, HCT, Balboa Water Group, Joyonway, i3PD and Cygnus Reach 1.
Helios owns Schultes, bought in January 2023, and i3PD, bought in May 2023, as wholly owned subsidiaries 1.
Future
The company expects 2026 sales of $880 to $900 million, an adjusted EBITDA margin of 20.2% to 21.0% and adjusted earnings per share of $3.05 to $3.25 3.
Adjusted EBITDA is the company's own profit measure before interest, taxes, depreciation and amortization, with further adjustments 3.
For the third quarter it expects sales of $215 to $222 million 3.
Chief executive Bagan said the company is working toward The CORE Strategy and its 2030 financial targets 3.
Finance chief Jeremy Evans said new business wins and visibility into near-term demand support the outlook 3.
The company expects the Tijuana moves to take place throughout 2026 2.
The board intends to pay a quarterly dividend of $0.09 per share during 2026, subject to its discretion 1.
What it may be looking into
No clue on file points to a new direction yet.
How the company works
The desk has not read this company's annual report yet.
The record in brief
The desk has not written this company's report yet.
Sources
a number beside a sentence opens its entry in its own document's listThe written account 3 sources · as of Oct 28, 2026
- Form 10-K, annual report for the fiscal year ended 3 January 2026 ↗Helios Technologies, Inc. (SEC filing) · filed Mar 3, 2026
- Form 10-Q, quarterly report for the quarter ended 4 July 2026 ↗Helios Technologies, Inc. (SEC filing) · filed Aug 11, 2026
- Form 8-K, Exhibit 99.1: Helios Technologies Reports Second Quarter 2026 Results ↗Helios Technologies, Inc. (SEC filing) · filed Aug 10, 2026