Helios Technologies announces $100M share repurchase program

Helios Technologies (HLIO) announced that its Board of Directors has approved a multi-year share repurchase program, authorizing the company to repurchase up to $100M of its common stock. “Solid financial execution has led to measurably strengthening our cash generation and the future outlook for Helios is exciting. We are confident in our ability to continue to invest in organic growth, consider strategic acquisitions, and increase our return of capital to shareholders by supplementing our over 27 year dividend history with this share repurchase program,” said Sean Bagan, President, Chief Executive Officer, and Chief Financial Officer of Helios. “While market conditions have been weak over the last couple years, we have consistently invested in our business through product and solution innovations as well as our ‘in the region for the region’ manufacturing facility strategy. These actions combined with our leading market positions and highly engineered, critical solutions position us well for future growth.”