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SARASOTA, Fla. - Helios Technologies, Inc. (NYSE: HLIO), a $1.1 billion market cap industrial technology company, has appointed Ian Walsh to its Board of Directors, effective June 5, 2025, according to a company press release issued Wednesday. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.78.
Walsh will serve as a member of the class of directors whose term expires at the 2026 Annual Meeting of Shareholders. He has also been appointed to the Board’s Audit Committee and Governance Committee.
Walsh currently serves as Chief Executive Officer of FDH Aero and brings 35 years of leadership experience in the commercial aerospace and defense industry. His previous roles include President, CEO, and Chairman of Kaman Aerospace Corporation, Chief Operating Officer for REV Group, and various leadership positions at Textron Inc.
"Ian’s current role as Chief Executive Officer of FDH Aero and track record of strong leadership experience across both private and public enterprises illustrate the highly relevant operational and strategic expertise he brings," said Laura Dempsey Brown, Chair of the Board.
Walsh served as an officer and naval aviator in the U.S. Marine Corps from 1989 to 1996. He holds degrees from Hamilton College, Harvard University’s John F. Kennedy School of Government, and Harvard Business School.
The appointment expands Helios Technologies’ Board back to seven members. Helios Technologies manufactures motion control and electronic controls technology for various markets including construction, material handling, agriculture, and marine sectors.
In other recent news, Helios Technologies reported its first-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.44, exceeding the forecasted $0.36, and revenue of $195.5 million, beating the anticipated $187.73 million. Helios Technologies also announced the continuation of its quarterly cash dividend of $0.09 per share, maintaining a tradition of over 28 years. During the annual shareholders meeting, Doug Britt and Diana Sacchi were re-elected as directors, and Sean Bagan was elected for a new term. Additionally, Grant Thornton LLP was ratified as the company’s independent registered public accounting firm for the fiscal year ending January 3, 2026. The shareholders also approved an advisory vote on executive compensation. Analysts have noted Helios Technologies’ cautious outlook due to market uncertainties, but the company remains focused on innovation and market expansion. These developments reflect Helios Technologies’ strategic initiatives and ongoing commitment to shareholder value.
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