Helios Technologies reported record second-quarter results with sales of $232 million and adjusted earnings per share of $0.88, both at the high end of guidance. The company posted its fourth straight quarter of double-digit pro forma growth in sales and adjusted earnings, with gross margin expanding 280 basis points to 34.6% and operating income up 48% to $33 million. However, third-quarter guidance implies a sharp deceleration to 8% sales growth and 2% adjusted EPS growth at the midpoint, with adjusted EBITDA margin expected to slip 30 basis points year over year. Management cited tougher comparisons and softness in marine and industrial end markets, while noting about $1 million in one-time tariff refunds aided margins. Net debt fell to $264 million, the lowest since the third quarter of 2020, and the company extended its dividend streak to 118 consecutive quarters.
Helios Technologies IncRecord Q2 results with sales and EPS at high end of guidance, margin expansion, and strong operating income growth.