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Helios Technologies, Inc. (NYSE:HLIO), a Sarasota, Florida-based company specializing in miscellaneous fabricated metal products with a market capitalization of $1.09 billion, held its annual shareholders meeting on June 4, 2025. The company, known for its 29-year track record of consistent dividend payments, maintains a strong financial position with a current ratio of 2.78. The meeting included votes on three key proposals, as detailed in a recent SEC filing.
The first proposal involved the election of directors. Doug Britt and Diana Sacchi were re-elected to serve terms expiring at the 2028 Annual Meeting, while Sean Bagan was elected for a term ending at the 2027 Annual Meeting. The voting results were as follows: Doug Britt received 27,202,070 votes in favor, 1,853,355 against, and 278,732 withheld. Diana Sacchi garnered 27,228,098 votes in favor, 1,819,509 against, and 286,550 withheld. Sean Bagan received 28,725,187 votes in favor, 190,305 against, and 418,665 withheld. There were 1,016,060 broker non-votes for each director. According to InvestingPro data, these directors will oversee a company that has recently experienced significant market challenges, with shares down 37% over the past six months.
The second proposal was the ratification of Grant Thornton LLP as the company’s independent registered public accounting firm for the fiscal year ending January 3, 2026. This proposal was approved with 29,686,067 votes in favor, 383,539 against, and 280,611 abstentions.
The third proposal was an advisory vote on executive compensation. The proposal received 27,674,855 votes in favor, 1,374,910 against, and 284,392 abstentions, with 1,016,060 broker non-votes.
The information is based on a recent SEC filing by Helios Technologies, Inc., confirming the outcomes of the shareholder votes. InvestingPro analysis suggests the stock is trading near its Fair Value, with multiple additional insights available in the comprehensive Pro Research Report, which offers detailed analysis of the company’s financial health, currently rated as FAIR.
In other recent news, Helios Technologies reported its first-quarter 2025 earnings, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $0.44, surpassing the forecasted $0.36, and posted revenue of $195.5 million, beating the anticipated $187.73 million. These results reflect the company’s ability to navigate market challenges and introduce new products across its flagship brands. Helios also announced the continuation of its quarterly cash dividend of $0.09 per share, marking over 28 years of consistent dividend payments.
The company has reduced its net debt and inventory levels, demonstrating a commitment to financial stability. Helios maintains a cautious outlook due to market uncertainties, including potential tariff impacts, but projects second-quarter sales between $198 million and $206 million. The company anticipates mitigating $10-15 million of potential tariff costs in the latter half of 2025. Despite these challenges, Helios remains focused on innovation and market expansion to drive future growth.
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