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SARASOTA, Fla. - Helios Technologies, Inc. (NYSE:HLIO), a $1.27 billion market cap industrial technology company, announced Monday the upcoming release of its Atlas Connect Gateway, a connectivity solution developed by its Enovation Controls division. The device enables remote monitoring and diagnostics for equipment across various industries. According to InvestingPro data, Helios has shown strong momentum with a 6.35% return over the past week.
The Atlas Connect Gateway allows manufacturers and operators to monitor data, send remote commands, and update software on field equipment without requiring on-site visits. The system can be integrated with Helios’ Cygnus Reach troubleshooting platform to provide remote support capabilities.
"This is another strong demonstration of our teams’ ability to introduce innovative products that deliver significant value to customers in diverse end markets," said Sean Bagan, President, Chief Executive Officer and Chief Financial Officer of Helios, in a press release statement. The company has demonstrated consistent shareholder value, maintaining dividend payments for 29 consecutive years, as highlighted by InvestingPro analysis.
Designed for harsh environments, the gateway is IP67-rated and operates in temperatures from -4°F to 158°F (-20°C to 70°C). It functions with a wide operating voltage of 6-36 VDC, making it compatible with various equipment types.
According to the company, the Atlas Connect Gateway can be wired into any CAN-enabled system quickly, allowing users to monitor the CAN bus, take CAN recordings, and share data using a cellular mobile device.
The product will be available in August 2025, with demonstrations scheduled at The Utility Expo and IBEX industry events later this year.
Helios Technologies specializes in motion control and electronic controls technology for markets including construction, material handling, agriculture, energy, recreational vehicles, marine, and health and wellness. With annual revenue of $789.4 million, the company is currently trading at a premium valuation multiple. Investors can access detailed financial analysis and 8 additional ProTips through InvestingPro, with the next earnings report scheduled for August 4, 2025.
In other recent news, Helios Technologies launched its High Current Power Distribution Module, developed by its subsidiary Enovation Controls. This new product is designed to handle high current loads in demanding environments, with an output capacity of up to 200 amps, targeting various applications like construction equipment and military platforms. KeyBanc has upgraded Helios Technologies from Sector Weight to Overweight, setting a price target of $40.00, citing potential benefits from the company’s new leadership and strategy. The firm believes that Helios is well-positioned for market recovery, although it acknowledges ongoing margin challenges due to excess capacity.
Additionally, Helios Technologies has appointed Ian Walsh to its Board of Directors, where he will serve on the Audit and Governance Committees. The company also held its annual shareholders meeting, where Doug Britt, Diana Sacchi, and Sean Bagan were elected to the board with varying term lengths. Helios Technologies announced the continuation of its quarterly cash dividend of $0.09 per share, marking over 28 years of consecutive dividends, underscoring its commitment to providing consistent returns to shareholders. These developments reflect the company’s ongoing efforts to strengthen its leadership and maintain shareholder value.
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