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Helios Technologies Appoints New Managing Director for Balboa Water Group

Helios Technologies Appoints New Managing Director for Balboa Water Group
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Helios Technologies First Quarter 2021 Revenue Grew 58% Reflecting Strong Market Leadership; Augmented Strategy Gaining Traction

CORPORATE REPORT: Helios surpasses Q4 expectations; Target growth expands

Sarasota Herald-Tribune Helios Technologies, Inc. (HLIO) on Monday reported fourth-quarter earnings of $5.6 million. The Sarasota-based company said it had profit of 17 cents per share. Earnings, adjusted for one-time gains and costs, came to 60 cents per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. The maker of screw-in hydraulic cartridge valves and manifolds posted revenue of $151.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $140.5 million. For the year, the company reported profit of $14.2 million, or 44 cents per share. Revenue was reported as $523 million. Helios Technologies expects full-year earnings in the range of $2.75 to $3.10 per share, with revenue in the range of $675 million to $705 million. Helios Technologies shares have increased 27% since the beginning of the year. On Monday, sha

Sarasota s Helios Technologies acquires BJN Technologies of Texas

Helios Technologies announced Thursday that is has acquired all the assets of a Texas-based engineering solutions provider, a purchase that will allow the company to establish its own Center of Engineering Excellence. Helios, a publicly traded company that is one of the largest manufacturers in the Sarasota area, has purchased the assets of BJN Technologies LLC of San Antonio, including its 15 engineers and technical staff.  These new staff members will make up Helios’ new Center of Engineering Excellence, also referred to as “HCEE.” The center will be used to augment and coordinate Helios’ technology advancements and new product development, and to better leverage the talent of the new staff members who will be joining the company. 

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