Helios Technologies reports Q2 adjusted EPS 59c, consensus 50c

Reports Q2 revenue $212M, consensus $201.86M. “The Helios team continued to execute on our financial priorities to drive sequential operating leverage, improve our cash conversion cycle, reduce debt, and strengthen our earnings power to be better positioned to capitalize on improving demand trends. We generated a near record level of cash which further improved our already strong free cash flow conversion. We used that cash to strengthen our balance sheet as we continued to reduce debt and also return capital to shareholders through our consistent dividend and opportunistic share repurchase of our common stock,” said Sean Bagan, President, Chief Executive Officer and Chief Financial Officer of Helios.