Helios Technologies Files Q2 2024 10-Q
Ticker: HLIO · Form: 10-Q · Filed: Aug 6, 2024 · CIK: 1024795
| Field | Detail |
|---|---|
| Company | Helios Technologies, INC. (HLIO) |
| Form Type | 10-Q |
| Filed Date | Aug 6, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
HELIOS Q2 10-Q is in. Check financials.
AI Summary
Helios Technologies, Inc. filed its 10-Q for the period ending June 29, 2024. The company reported financial results and provided updates on its business operations. Key financial figures and operational details are disclosed in this quarterly report.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Helios Technologies, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — Quarterly reports can contain significant financial and operational updates that may impact stock price.
Key Numbers
- 20240629 — End of Reporting Period (This date marks the end of the fiscal quarter for which the 10-Q report is filed.)
- 20240806 — Filing Date (This is the date Helios Technologies officially submitted its 10-Q to the SEC.)
Key Players & Entities
- HELIOS TECHNOLOGIES, INC. (company) — Filer of the 10-Q
- 20240629 (date) — End of the reporting period
- 20240806 (date) — Filing date of the 10-Q
- SUN HYDRAULICS CORP (company) — Former company name
FAQ
What is the primary business of Helios Technologies, Inc.?
Helios Technologies, Inc. is involved in miscellaneous fabricated metal products, SIC code 3490, operating under the organization name '04 Manufacturing'.
What is the fiscal year end for Helios Technologies?
The fiscal year end for Helios Technologies is December 30 (1230).
When was Helios Technologies, Inc. formerly known as?
Helios Technologies, Inc. was formerly known as SUN HYDRAULICS CORP, with a date of name change on April 23, 1997 (19970423).
What is the SEC file number for this filing?
The SEC file number for this 10-Q filing is 001-40935.
What is the business address of Helios Technologies?
The business address is 7456 SIXTEENTH STREET EAST, SARASOTA, FL 34243.
Filing Stats: 4,397 words · 18 min read · ~15 pages · Grade level 8.1 · Accepted 2024-08-06 16:08:19
Filing Documents
- hlio-20240629.htm (10-Q) — 2484KB
- hlio-ex31_1.htm (EX-31.1) — 14KB
- hlio-ex32_1.htm (EX-32.1) — 7KB
- 0000950170-24-091785.txt ( ) — 10339KB
- hlio-20240629.xsd (EX-101.SCH) — 1375KB
- hlio-20240629_htm.xml (XML) — 2056KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 3 Item 1.
Financial Statements
Financial Statements 3 Consolidated Balance Sheets as of June 29, 2024 (unaudited) and December 30, 2023 3 Consolidated Statements of Operations (unaudited) for the Three Months Ended June 29, 2024 and July 1, 2023 4 Consolidated Statements of Operations (unaudited) for the Six Months Ended June 29, 2024 and July 1, 2023 5 Consolidated Statements of Comprehensive Income (unaudited) for the Three and Six Months Ended June 29, 2024 and July 1, 2023 6 Consolidated Statements of Shareholders' Equity (unaudited) for the Three Months Ended June 29, 2024 and July 1, 2023 7 Consolidated Statements of Shareholders' Equity (unaudited) for the Six Months Ended June 29, 2024 and July 1, 2023 8 Consolidated Statements of Cash Flows (unaudited) for the Six Months Ended June 29, 2024 and July 1, 2023 9 Condensed Notes to the Consolidated, Unaudited Financial Statements 10 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 34 Item 4.
Controls and Procedures
Controls and Procedures 34
OTHER INFORMATION
PART II. OTHER INFORMATION 35 Item 1.
Legal Proceedings
Legal Proceedings 35 Item 1A.
Risk Factors
Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 35 Item 4. Mine Safety Disclosures 35 Item 5. Other Information 35 Item 6. Exhibits 36 2
: FINANCI AL INFORMATION
PART I: FINANCI AL INFORMATION
FINANCIAL STATEMENTS
Item 1. FINANCIAL STATEMENTS. Helios Technologies, Inc. Consolidated B alance Sheets (in millions, except per share data) June 29, 2024 December 30, 2023 (unaudited) Assets Current assets: Cash and cash equivalents $ 45.0 $ 32.4 Accounts receivable, net of allowance for doubtful accounts of $ 2.6 and $ 2.1 132.6 114.8 Inventories, net 206.3 215.1 Income taxes receivable 9.9 11.3 Other current assets 28.8 23.1 Total current assets 422.6 396.7 Property, plant and equipment, net 223.6 227.9 Deferred income taxes 4.6 1.7 Goodwill 506.1 514.0 Other intangible assets, net 405.0 426.4 Other assets 19.0 23.7 Total assets $ 1,580.9 $ 1,590.4 Liabilities and shareholders' equity Current liabilities: Accounts payable $ 67.4 $ 70.3 Accrued compensation and benefits 24.2 19.4 Other accrued expenses and current liabilities 26.9 27.0 Current portion of long-term non-revolving debt, net 17.2 23.2 Dividends payable 3.0 3.0 Income taxes payable 6.0 2.0 Total current liabilities 144.7 144.9 Revolving lines of credit 190.4 199.8 Long-term non-revolving debt, net 291.7 298.3 Deferred income taxes 54.5 57.1 Other noncurrent liabilities 33.1 35.7 Total liabilities 714.4 735.8 Commitments and contingencies Shareholders' equity: Preferred stock, par value $ 0.001 , 2.0 shares authorized, no shares issued or outstanding — — Common stock, par value $ 0.001 , 100.0 shares authorized, 33.2 and 33.1 shares issued and outstanding — — Capital in excess of par value 439.7 434.4 Retained earnings 492.4 475.6 Accumulated other comprehensive loss ( 65.6 ) ( 55.4 ) Total shareholders' equity 866.5 854.6 Total liabilities and shareholders' equity $ 1,580.9 $ 1,590.4 The accompanying Condensed Notes to the Consolidated, Unaudited Financial Statements are an integral part of t