Helios Technologies, Inc. · NYSE:HLIO
Helios Technologies — Q3 2025 Earnings Presentation
29 slides from Helios Technologies's earnings presentation, Nov 4, 2025
Slide 1: Third Quarter 2025 Earnings Presentation
THIRD QUARTER 2025 EARNINGS PRESENTATION NOVEMBER 3, 2025 SEAN BAGAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER MICHAEL CONNAWAY, CHIEF FINANCIAL OFFICER JEREMY EVANS, CHIEF ACCOUNTING OFFICER TANIA ALMOND, VP OF INVESTOR RELATIONS AND CORPORATE COMMUNICATION
Slide 2: Safe Harbor
SAFE HARBOR This presentation and oral statements made by management in connection herewith that are not historical facts are contains “forward‐looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward‐looking statements involve risks and uncertainties, an
Slide 3: 3Q25: Executive Summary
3Q25: EXECUTIVE SUMMARY Rick Severance, President of Wellen Park, received the Clyde Nixon Award sponsored by Helios Technologies. Helios team filled children’s books with inspirational messages to be shared with the incredible children Easterseals serves. SALES GROWTH DELIVERED ACROSS ALL THREE GEO
Slide 4: 3Q25: Financial Highlights
3Q25: FINANCIAL HIGHLIGHTS DELIVERED HIGHEST QUARTERLY DILUTED NON-GAAP EPS SINCE 2Q23 $220M 20.5% $0.72 Net Adjusted EBITDA Diluted Non-GAAP Sales Margin2 EPS2 Up 13% YoY Down 40 bps YoY Up 22% YoY $5M above high end of outlook1 In line with high end of outlook1 $0.04 above high end of outlook1 (1)
Slide 5: 3Q25: Net Sales by Market, Segment, & Region
3Q25: NET SALES BY MARKET, SEGMENT, & REGION GROWTH IN RECREATIONAL, MOBILE, AND AGRICULTURE ($ in millions) QUARTERLY TRENDS (YoY): SALES BY SEGMENT YoY Direction Market* $220 Hydraulics Electronics $195 Industrial 64% 36% Mobile $220 Agriculture Recreational 3Q24 3Q25 Health & Wellness Other SALES
Slide 6: 3Q25: Gross Profit & Margin
3Q25: GROSS PROFIT & MARGIN THIRD QUARTER IN A ROW OF SEQUENTIAL IMPROVEMENT QUARTER • YoY: gross profit increased 21% while gross margin 33.1% 31.8% expanded 200 bps primarily from the impact of higher 31.1% 30.6% 30.1% volume and lower direct labor costs as a percentage of sales partially offset b
Slide 7: 3Q25: Operating Income & Margin
3Q25: OPERATING INCOME & MARGIN NON-GAAP ADJUSTED OPERATING INCOME & MARGIN PEAKED IN THE THIRD QUARTER QUARTER • YoY: decreased $20.9 million driven by a goodwill impairment charge of $25.9 million related to the i3PD business. Prior to the 16.6% 15.0% 16.6% 13.3% 13.4% goodwill impairment charge,
Slide 8: 3Q25: Net Income | Adjusted EBITDA / Margin
3Q25: NET INCOME | ADJUSTED EBITDA / MARGIN INCREMENTAL LEVERAGE AS VOLUME GROWS SEQUENTIALLY ($ in millions, except per share data) NET INCOME $11.4 $11.4 $10.3 • YoY: net income down 10% and diluted $7.3 $4.8 GAAP EPS down $0.03, or -9% reflecting the i3PD goodwill impairment charge and costs asso
Slide 9: 3Q25: Hydraulics Segment
3Q25: HYDRAULICS SEGMENT GROSS MARGIN EXPANDED 90 BASIS POINTS YoY ON HIGHER SALES & IMPROVED MIX ($ in millions) YoY Sales: $141.3 9% Gross Profit: $45.9 12% Operating Income1: $24.2 0% SALES BY REGION SALES BY CHANNEL 33% APAC 38% ~49% $141 Americas ~51% $141 OEM Distributor or 29% Integrator EMEA
Slide 10: 3Q25: Electronics Segment
3Q25: ELECTRONICS SEGMENT GROSS MARGIN EXPANDED 410 BASIS POINTS YoY ON HIGHER SALES & IMPROVED MIX ($ in millions) YoY Sales: $79.0 21% Gross Profit: $27.1 38% Operating Income1: ($13.7) 301% SALES BY REGION SALES BY CHANNEL 11% 77% ~79% APAC Americas OEM $79 ~21% $79 Distributor or 12% Integrator
Slide 11: 3Q25: Cash Flow
3Q25: CASH FLOW CONTINUED CASH GENERATION ON DISCIPLINED WORKING CAPITAL MANAGEMENT ($ in millions) (1) ADJUSTED FREE CASH FLOW Three Months Ended 9/27/25 9/28/24 204% 244% 223% Net Cash Provided by Operating Activities $25.2 $34.8 83% 126% $94.0 79% $95.1 $91.2 Revenue $86.3 Capital Expenditures (C
Slide 12: 3Q25: Debt, Liquidity, & Capital Allocation
3Q25: DEBT, LIQUIDITY, & CAPITAL ALLOCATION IMPROVED LEVERAGE RATIO & INCREASED LIQUIDITY ($ in millions) DEBT & LIQUIDITY PROFILE CAPITAL ALLOCATION PRIORITIES 1. 2. 3. $419 $415 Pay Down Organic Returns to 4. Acquisitions Total Debt Liquidity Debt Investments Shareholders $139 revolver / other Add
Slide 13: 2025 Company Issued Guidance
2025 COMPANY ISSUED GUIDANCE 2025 FULL YEAR OUTLOOK 4Q25 QUARTERLY OUTLOOK ISSUED ON 8/4/2025 ISSUED ON 11/3/2025 ISSUED ON 11/3/2025 TOTAL NET SALES TOTAL NET SALES TOTAL NET SALES +1% to +3% +2% to +3% +7% to +13% $810M to $830M $820M to $830M $192M to $202M Relative to 2024 at $805.9M * Relative
Slide 14: 4Q25: Segment Outlook
4Q25: SEGMENT OUTLOOK HYDRAULICS ELECTRONICS Regional Outlook AMER EMEA APAC AMER EMEA APAC Positive Catalysts Mobile Recreational, Mobile Health & Wellness, Marine, Industrial, Stable / Moderate Lift Agriculture Commercial Food Service, Recurring Revenue Flat / No Signs Yet of Bounce Industrial Sta
Slide 15: Product Innovations Introduced in 2025
PRODUCT INNOVATIONS INTRODUCED IN 2025 ACROSS BOTH SEGMENTS May 2025: Jun 2025: Enovation and Enovation Oct 2025: Jan 2025: Apr 2025: i3PD launch No launches High Faster Enovation Enovation Roads software Current Power launches introduces the launches CAN leveraging Distribution New S35 Display Keyp
Slide 16: 2025: Financial Priorities
2025: FINANCIAL PRIORITIES 1 2 3 4 5 Drive Operating Shorten Cash Leverage Strong Return to Growth Reduce Debt Leverage Conversion Cycle Foundation With higher volumes Through improved Executing on profitable and disciplined Utilizing free cash flow To scale and elevate to working capital sales grow
Slide 17: 2025: Key Focus Areas
2025: KEY FOCUS AREAS GO TO MARKET Institutionalize the engine to track and drive sales funnel, cross-sell, and pipeline management STRUCTURE ORGANIC GROWTH Protect and grow base business through capturing more wallet share of existing customers PROFIT IMPROVEMENT Implement ongoing cost and operatio
Slide 18: Rich Heritage of Businesses Within Our Portfolio
RICH HERITAGE OF BUSINESSES WITHIN OUR PORTFOLIO 30 YEARS IN BUSINESS 25 YEARS 74 YEARS 79 YEARS IN BUSINESS IN BUSINESS IN BUSINESS 22 YEARS 48 YEARS IN BUSINESS 45 YEARS IN BUSINESS IN BUSINESS 30 YEARS 55 YEARS IN BUSINESS 86 YEARS IN BUSINESS IN BUSINESS CHEERS TO 55 YEARS 18
Slide 19: Supplemental Information
SUPPLEMENTAL INFORMATION
Slide 20: 2025 Full Year Outlook
2025 FULL YEAR OUTLOOK AS ISSUED ISSUED ON ON 8/4/2025 11/3/2025 2025 2025 UPDATED OUTLOOK ASSUMPTIONS KEY FINANCIAL 2024 • YTD stronger than originally estimated, driving PREVIOUS UPDATED METRICS ACTUAL updated Outlook; faster close of CFP divestiture OUTLOOK OUTLOOK • Growth in Electronics segment
Slide 21: Segment Data
SEGMENT DATA (Unaudited) ($ in millions) For the Three Months Ended For the Nine Months Ended September 2 7 , September 2 8 , September 2 7 , September 2 8 , 2025 2024 2025 2024 Net Sales: Hydraulics $ 141.3 $ 129.4 $ 408.6 $ 417.5 Electronics 79.0 65.1 219.6 208.9 Consolidated $ 220.3 $ 194.5 $ 628
Slide 22: Net Sales by Geographic Region & Segment
NET SALES BY GEOGRAPHIC REGION & SEGMENT (Unaudited) ($ in millions) 2025 2024 % Ch an ge % Ch an ge % Ch an ge % Ch an ge % Ch an ge % Ch an ge % Ch an ge % Ch an ge % Ch an ge Q1 y /y Q2 y /y Q3 y /y YTD 2 0 2 5 y /y Q1 y /y Q2 y /y Q3 y /y Q4 y /y 2024 y /y Am er ic a s: Hydraulics $ 49.9 (11%) $
Slide 23: Non-GAAP Adjusted Operating Income & Margin Reconciliation
NON-GAAP ADJUSTED OPERATING INCOME & (Unaudited) NON-GAAP ADJUSTED OPERATING MARGIN RECONCILIATION For the Three Months Ended ($ in millions) September 2 7 , June 2 8 , Marc h 2 9 , Dec ember 2 8 , September 2 8 , 2025 Margin 2025 Margin 2025 Margin 2024 Margin 2024 Margin GAAP operating inc ome $ 1
Slide 24: Non-GAAP Adjusted Net Income & Per Diluted Share Reconciliation
NON-GAAP ADJUSTED NET INCOME & NON-GAAP ADJUSTED (Unaudited) NET INCOME PER DILUTED SHARE RECONCILIATION ($ in millions) F o r t he T hre e M o nt hs E nde d F o r t he N ine M o nt hs E nde d S e pt e m be r 2 7 , P e r D ilut e d S e pt e m be r 2 8 , P e r D ilut e d S e pt e m be r 2 7 , P e r D
Slide 25: Non-GAAP Adjusted EBITDA & Margin Reconciliation
NON-GAAP ADJUSTED EBITDA & (Unaudited) NON-GAAP ADJUSTED EBITDA MARGIN RECONCILIATION ($ in millions) F o r t he T hr ee M o nt hs End ed F o r t he N ine M o nt hs End ed T welve M o nt hs End ed S e pt e m be r 2 7 , S e pt e m be r 2 8 , S e pt e m be r 2 7 , S e pt e m be r 2 8 , S e pt e m be r
Slide 26: Non-GAAP Adjusted Free Cash Flow Reconciliation
NON-GAAP ADJUSTED FREE CASH FLOW RECONCILIATION (Unaudited) ($ in millions) For the Year Ended TTM December 30, December 29, December 28, December 31, December 30, December 28, September 27, January 2, 2021 January 1, 2022 2017 2018 2019 2022 2023 2024 2025 Net cash provided by operating activities
Slide 27: Non-GAAP Net Sales Growth Reconciliation
NON-GAAP NET SALES GROWTH RECONCILIATION (Unaudited) ($ in millions) F o r t he T hre e M o nt hs E nde d F o r t he N ine M o nt hs E nde d H ydra ulic s E le c t ro nic s C o ns o lida t e d H ydra ulic s E le c t ro nic s C o ns o lida t e d Q3 2 0 2 5 Net Sales $ 141.3 $ 79.0 $ 220.3 $ 408.6 $ 2
Slide 28: Net Debt to Non-GAAP Adjusted EBITDA Reconciliation
NET DEBT TO NON-GAAP ADJUSTED EBITDA RECONCILIATION (Unaudited) ($ in millions) As of September 2 7 , 2025 Current portion of long-term non-revolving debt, net 18.5 Revolving lines of credit 138.8 Long-term non-revolving debt, net 261.8 Total debt 4 1 9 .1 Less: Cash and cash equivalents 54.9 Net de
Slide 29: heliostechnologies.com
HELIOSTECHNOLOGIES.COM 7456 16th Street East Sarasota, FL 34243 941.362.1200