Helios Technologies (HLIO) Q1 2026 earnings summary

Executive summary

• Launched CORE strategy and 2030 long-range financial targets, aiming to double sales.

• First quarter 2026 sales reached $228 million, up 23% on a pro forma basis, with Electronics up 29% and Hydraulics up 19% pro forma and FX adjusted.

• Increased dividend by 33%, marking the first increase in 29 years of consistent payments.

• 1Q26 results exceeded or met the top end of outlook; full-year 2026 outlook raised.

• Record $24 million cash from operations and $17 million free cash flow in Q1.

Financial highlights

• 1Q26 sales reached $228.4M, up 17% year-over-year and $5M above the high end of outlook.

• Adjusted EBITDA margin was 20.4%, up 310 bps YoY, at the high end of outlook.

• Diluted non-GAAP EPS was $0.80, up 82% YoY and $0.10 above the high end of outlook.

• Net income for 1Q26 was $20M, up 170% YoY; diluted EPS up 168%.

• Operating cash flow was $24M, up 26% YoY, a record for the first quarter.

Outlook and guidance

• FY26 sales outlook raised to $840M–$870M (+6% to +10% YoY); adjusted EBITDA margin 19.5%–21.0%.

• FY26 adjusted diluted EPS outlook increased to $2.75–$3.00 (+7% to +17% YoY).

• 2Q26 sales expected at $227M–$232M (+15% to +17% YoY); adjusted EBITDA margin 20.0%–21.0%.

• Segment outlook: Hydraulics FY26 sales $520M–$535M (+5% to +8% YoY); Electronics $320M–$335M (+7% to +12% YoY).