Quarterly ResultMay 11, 2026, 05:02 PM
Helios Technologies Q1 Sales +17% to $228M; EPS $0.59; Raises FY26 Outlook
AI Summary
Helios Technologies reported strong first-quarter 2026 results, exceeding its outlook with a 17% increase in sales to $228.4 million and a 168% rise in diluted EPS to $0.59. The company achieved record Q1 cash from operations of $24 million, significantly reduced its net-debt-to-adjusted EBITDA leverage ratio to 1.6x, and increased its dividend by 33%. Following this performance, Helios raised its full-year 2026 sales and adjusted diluted EPS outlook.
Key Highlights
- Q1 2026 net sales increased 17% to $228.4 million, with pro forma sales up 23%.
- Diluted EPS rose 168% to $0.59, and adjusted diluted EPS increased 82% to $0.80.
- Gross margin expanded by 220 basis points to 32.8% year-over-year.
- Generated a record $24 million in cash from operations and $17 million in free cash flow.
- Net-debt-to-adjusted EBITDA leverage ratio reduced to 1.6x from 2.7x in prior year.
- Increased Q1 2026 dividend by 33% to $0.12 per share and repurchased $4.6 million in stock.
- Raised full-year 2026 sales outlook to $840-$870 million and adjusted diluted EPS to $2.75-$3.00.
- Electronics segment sales grew 29% to $89.2 million; Hydraulics segment sales grew 10% to $139.2 million.