Helios Technologies reported third‑quarter 2025 results with net sales up 13% year‑over‑year to $220.3 million, gross profit of $73.0 million and a gross margin of 33.1%. Operating income fell to $1.3 million, largely due to a $25.9 million goodwill impairment related to the i3 Product Development business. Adjusted EBITDA reached $45.1 million, a 20.5% margin, and net income was $10.3 million. Diluted earnings per share were $0.31, below the consensus estimate of $0.65, while adjusted (non‑GAAP) EPS was $0.72, beating the estimate of $0.66.
In comparison, Helios’ Q3 2024 net sales were $194.5 million, net income $11.4 million, and diluted EPS $0.34. Q2 2025 figures were similar, with net sales $212 million, net income $11.4 million, and diluted EPS $0.34. Segment performance showed Hydraulics sales growing 9% year‑over‑year and Electronics sales rising 21% year‑over‑year, driven by strong demand for Enovation Controls products.
The company updated its full‑year 2025 outlook, projecting net sales of $820 million to $830 million and an adjusted EBITDA margin of 19.1% to 19.4%. For the fourth quarter, Helios expects net sales of $192 million to $202 million, an adjusted EBITDA margin of 20.0% to 21.0%, and diluted non‑GAAP EPS of $0.67 to $0.74. Helios also reported a $21 million gain on the sale of its Custom Fluidpower business and continued to reduce net debt, improving its net debt to adjusted EBITDA leverage ratio.
CEO John Smith said the company is returning to year‑over‑year sales growth after nearly three years of declines, attributing the rebound to stronger demand in its Hydraulics and Electronics segments and to the strategic divestiture of non‑core assets. He noted that the goodwill impairment reflects the write‑down of the i3PD business, which is no longer part of Helios’ core operations.
Helios’ guidance reflects a faster close of the CFP divestiture and a continued focus on core hydraulics and electronics businesses, positioning the company for sustained growth and improved financial discipline.
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