AGM/EGMMay 4, 2026, 04:39 PM
Helios Technologies Sets June 15, 2026 Annual Meeting; FY25 Sales $839M
AI Summary
Helios Technologies announced its Annual Meeting of Shareholders on June 15, 2026, where shareholders will vote on director elections, auditor ratification, executive compensation, and an amendment to the 2023 Equity Incentive Plan. The company reported a strong fiscal year 2025, with net sales growing 4% to $839 million and gross profit increasing 7.5% to $271 million. Key achievements included record cash flow of $127 million, a new $13.6 million share repurchase program, and an $82 million reduction in total debt, alongside strategic portfolio optimization and leadership changes.
Key Highlights
- Annual Meeting of Shareholders scheduled for June 15, 2026, to vote on directors and other proposals.
- FY25 net sales grew 4% to $839 million (6% pro forma for Custom Fluidpower divestiture).
- FY25 gross profit increased 7.5% to $271 million, with gross margin expanding 100 bps to 32.3%.
- Diluted GAAP EPS grew 24% and Non-GAAP EPS grew 22%, driven by a $9 million increase in net income.
- Generated record cash flow from operations of $127 million, up 4% over FY24.
- Initiated a share repurchase program, buying back 330k shares for $13.6 million in FY25.
- Reduced total debt by $82 million, an 18% decrease.
- Divested Custom Fluidpower and appointed Sean Bagan as President & CEO in January 2025.