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NEW YORK - Helios Technologies (NYSE:HLIO) reported fourth quarter earnings that missed analyst estimates, while revenue came in slightly above expectations. The company also provided a cautious outlook for 2025.
The hydraulic and electronic control solutions provider posted adjusted earnings per share of $0.33 for Q4, falling short of the $0.41 consensus estimate. Revenue of $179.5 million edged past analyst projections of $176.21 million.
For the full year 2024, Helios generated record cash from operations of $122.1 million, up 46% compared to 2023. The company continued to reduce debt, lowering its total debt by $75.3 million in 2024.
"Despite hurricanes, challenging market conditions, and leadership changes, the global team united to support each other and deliver on operational improvements that have enabled us to expand margins in the quarter on softer revenue," said Sean Bagan, President, CEO and CFO of Helios.
Looking ahead, Helios provided a cautious outlook for 2025. The company expects full year revenue in the range of $775 million to $825 million, compared to the $810 million analyst consensus. Adjusted EPS is forecast between $2.00 and $2.40, versus expectations of $2.29.
Bagan noted the company is "pivoting the organization to drive a customer centric, sales-oriented culture" and aims to extract more value from recent investments. However, he acknowledged that 2025 will "continue to present challenges" including uncertainty around tariffs.
Helios will host a conference call on February 25 to discuss the results in more detail.
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