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Helios Technologies, Inc. (HLIO), together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The company operates in two segments, Hydraulics and Electronics.
The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers. This segment sells its products under the Sun Hydraulics, Faster, and Custom Fluidpower brands.
The Electronics segment offers displays, controls, and instrumentation products for off-highway, recreational and commercial marine, power sports and specialty vehicles, agriculture and water pumping, power generation, health and wellness, and engine-driven industrial equipment markets. This segment sells its products under the Enovation Controls, Murphy, and Balboa Water Group brands.
Helios Technologies, Inc. sells its hydraulic products primarily through value-add distributors, as well as directly to original equipment manufacturers; and electronic products to original equipment manufacturer customers.
The company was formerly known as Sun Hydraulics Corporation and changed its name to Helios Technologies, Inc. in June 2019.
Helios Technologies, Inc. reported 2nd Quarter June 2021 earnings of $1.20 per share on revenue of $223.4 million. The consensus earnings estimate was $0.86 per share on revenue of $187.2 million. Revenue grew 87.3% on a year-over-year basis.
The company said it expects 2021 non-GAAP earnings of $3.60 to $3.80 per share on revenue of $800.0 million to $830.0 million. The company's previous guidance was earnings of $3.30 to $3.50 per share on revenue of $740.0 million to $750.0 million and the current consensus earnings estimate is $3.44 per share on revenue of $761.20 million for the year ending December 31, 2021.
The stock has has had a stronger performance than others in it's technology sector and revenues should prove to be $100 million higher than expected.
Entry Point: $84.25
Trading Range: $35.40 - $86.42
Stop Loss: $80.00
Target Price: $92.65
Closed at $101.92
