Helios Technologies: Q1 Earnings Snapshot

May 9, 2022 GMT

SARASOTA, Fla. (AP) _ Helios Technologies, Inc. (HLIO) on Monday reported first-quarter net income of $30.5 million.

On a per-share basis, the Sarasota, Florida-based company said it had profit of 94 cents. Earnings, adjusted for one-time gains and costs, were $1.18 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The maker of screw-in hydraulic cartridge valves and manifolds posted revenue of $240.5 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $220.9 million.

Helios Technologies expects full-year earnings in the range of $4.35 to $4.60 per share, with revenue in the range of $930 million to $950 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLIO at https://www.zacks.com/ap/HLIO