- Management team details strategic plans to drive outsized
growth
- Accelerates milestone goal of $1 billion in revenue by two
years to 2023 and targets enhanced margins
Helios Technologies, Inc. (Nasdaq: HLIO) (“Helios” or the
“Company), a global leader in highly engineered motion control and
electronic controls technology for diverse end markets, will host
its hybrid virtual and in-person investor day this morning, at
which members of the Helios leadership team will discuss the
Company’s augmented strategy and plans to accelerate achievement of
its growth and margin goals.
Josef Matosevic, President and Chief Executive Officer of Helios
Technologies, commented, “These are very exciting times at Helios,
and we are energized by our augmented, integrated strategy that
leverages our pure play structure with our hydraulics and
electronic controls technologies. We believe our new Helios
Business System combined with our disciplined approach to
implementing strategy will drive execution and enable us to achieve
our accelerated financial goals. In fact, we expect to hit our $1
billion in revenue milestone two years earlier than planned and
with improved margins. More importantly, our strategy is expected
to broaden our addressable markets, strengthen and expand customer
relationships, and deepen our share of wallet. We have created a
strong, talented team to execute our plans with innovation as a key
element of everything we do.”
Accelerated Plans to Achieve Financial Targets
Helios expects to achieve the following by year-end 2023:
- $1 billion or more in sales
- Organic sales growth approximately two times market rates
- Adjusted EBITDA margin of approximately 25%
- Organic Non-GAAP cash earnings per share 2020-2023 CAGR of
greater than or equal to 22%
At the meeting, members of the Company will discuss the four
value streams of the Company’s mission that drive the augmented
strategy:
- Protect the Business: Ensure the cash flywheel continues
to spin.
- Think and Act Globally: Drive intra- and inter-company
initiatives that open global markets and leverage resources.
- Diversify Markets and Revenue: Swarm commercial
opportunities to diversify global and end-market revenue.
- Develop Talent: Ensure team members are in the right
seats and fill key skill gaps for future growth.
Event Webcast Details:
A live webcast of the presentations, including the
question-and-answer session after the prepared remarks, will begin
at 9:30 a.m. EDT and conclude at approximately 12:30 pm EDT.
Viewers can register for the event to view the presentations and
webcast from the Investor Relations section of Helios’s website at
ir.heliostechnologies.com. An archived replay of the webcast, as
well as a copy of the slide presentation will be available
following the event.
About Helios Technologies
Helios Technologies is a global leader in highly engineered
motion control and electronic controls technology for diverse end
markets, including construction, material handling, agriculture,
energy, recreational vehicles, marine, health and wellness. Helios
sells its products to customers in over 85 countries around the
world. Its strategy for growth is to be the leading provider in
niche markets, with premier products and solutions through
innovative product development and acquisition. The company has
paid a cash dividend to its shareholders every quarter since
becoming a public company in 1997. For more information please
visit: www.heliostechnologies.com.
FORWARD-LOOKING INFORMATION
This news release contains “forward‐looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934.
Forward‐looking statements involve risks and uncertainties, and
actual results may differ materially from those expressed or
implied by such statements. They include statements regarding
current expectations, estimates, forecasts, projections, our
beliefs, and assumptions made by Helios Technologies, Inc.
(“Helios” or the “Company”), its directors or its officers about
the Company and the industry in which it operates, and assumptions
made by management, and include among other items, (i) the
Company’s strategies regarding growth, including its intention to
develop new products and make acquisitions; (ii) the effectiveness
of Creating the Center of Engineering Excellence; (iii) the
Company’s financing plans; (iv) trends affecting the Company’s
financial condition or results of operations; (v) the Company’s
ability to continue to control costs and to meet its liquidity and
other financing needs; (vi) the declaration and payment of
dividends; and (vii) the Company’s ability to respond to changes in
customer demand domestically and internationally, including as a
result of standardization. In addition, we may make other written
or oral statements, which constitute forward-looking statements,
from time to time. Words such as “may,” “expects,” “projects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” variations of such words, and similar expressions are
intended to identify such forward-looking statements. Similarly,
statements that describe our future plans, objectives or goals also
are forward-looking statements. These statements are not
guaranteeing future performance and are subject to a number of
risks and uncertainties. Our actual results may differ materially
from what is expressed or forecasted in such forward-looking
statements, and undue reliance should not be placed on such
statements. All forward-looking statements are made as of the date
hereof, and we undertake no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Factors that could cause the actual results to differ materially
from what is expressed or forecasted in such forward‐looking
statements include, but are not limited to, (i) conditions in the
capital markets, including the interest rate environment and the
availability of capital; (ii) our failure to realize the benefits
expected from the acquisition of BWG Holdings I Corp. (operating as
Balboa Water Group, hereinafter, “Balboa”), our failure to promptly
and effectively integrate the Balboa acquisition and the ability of
Helios to retain and hire key personnel, and maintain relationships
with suppliers (iii) risks related to health epidemics, pandemics
and similar outbreaks and similar outbreaks, including, without
limitation, the current COVID-19 pandemic, which may affect our
supply chain and material costs, which could have material adverse
effects on our business, financial position, results of operations
and/or cash flows; (iv) changes in the competitive marketplace that
could affect the Company’s revenue and/or cost bases, such as
increased competition, lack of qualified engineering, marketing,
management or other personnel, and increased labor and raw
materials costs; and (v) new product introductions, product sales
mix and the geographic mix of sales nationally and internationally.
Further information relating to factors that could cause actual
results to differ from those anticipated is included but not
limited to information under the heading Item 1. “Business” and
Item 1A. “Risk Factors” in the Company’s Form 10-K for the year
ended January 2, 2021.
This news release will discuss some historical non-GAAP
financial measures, which the Company believes are useful in
evaluating its performance. Adjusted EBITDA, adjusted EBITDA
margin, net debt-to-adjusted EBITDA, free cash flow and cash net
income per diluted share are not measures determined in accordance
with generally accepted accounting principles in the United States,
commonly known as GAAP. Nevertheless, Helios believes that
providing this non-GAAP information is important for investors and
other readers of Helios’s financial statements, as they are used as
analytical indicators by Helios’s management to better understand
operating performance. Because these are non-GAAP measures and are
thus susceptible to varying calculations, the measures as presented
may not be directly comparable with other similarly titled measures
used by other companies. The determination of the amounts that are
excluded from these non-GAAP measures is a matter of management
judgment and depends upon, among other factors, the nature of the
underlying expense or income recognized in a given period. You
should not consider the inclusion of this additional information in
isolation or as a substitute for results prepared in accordance
with GAAP.
This news release also presents forward-looking statements
regarding non-GAAP Adjusted EBITDA margin. The Company is unable to
present a quantitative reconciliation of these forward-looking
non-GAAP financial measures to their most directly comparable
forward-looking GAAP financial measures because such information is
not available, and management cannot reliably predict the necessary
components of such GAAP measures without unreasonable effort or
expense. In addition, the Company believes that such
reconciliations would imply a degree of precision that would be
confusing or misleading to investors. The unavailable information
could have a significant impact on the Company’s 2021 financial
results. These non-GAAP financial measures are preliminary
estimates and are subject to risks and uncertainties, including,
among others, changes in connection with quarter-end and year-end
adjustments. Any variation between the Company’s actual results and
preliminary financial data set forth above may be material.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210615005127/en/
Tania Almond Vice President, Investor Relations & Corporate
Communications (941) 362-1333 tania.almond@HLIO.com
Deborah Pawlowski Kei Advisors LLC (716) 843-3908
dpawlowski@keiadvisors.com
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