Helios Technologies, Inc. · NYSE:HLIO
Helios Technologies — Q3 2026 Earnings Presentation
27 slides from Helios Technologies's earnings presentation, Nov 5, 2026
Slide 1: Third Quarter 2026 Earnings Presentation
THIRD QUARTER 2026 EARNINGS PRESENTATION NOVEMBER 5, 2026 SEAN BAGAN: PRESIDENT & CHIEF EXECUTIVE OFFICER JEREMY EVANS: EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER TANIA ALMOND: VICE PRESIDENT, NYSE: HLIO INVESTOR RELATIONS & CORPORATE COMMUNICATION
Slide 2: Safe Harbor
SAFE HARBOR 2 This presentation and oral statements made by management in connection herewith contain technologies, including the integration of artificial intelligence into our operations and products; (vii) “forward‐looking statements” within the meaning of Section 21E of the Securities Exchange A
Slide 3: 3Q26: Highlights
3Q26: HIGHLIGHTS 3 FASTER NORTH AMERICAN ACQUIRED RADIO CUSTOMER CENTRIC SCHULTES’ CONSOLIDATION SOUND ASSETS PRODUCT INNOVATIONS 80th ANNIVERSARY CONTINUED MOMENTUM DRIVES THIRD QUARTER RECORD SALES & ANOTHER RAISE TO OUR 2026 SALES OUTLOOK ADVANCED PRODUCT INNOVATION & GLOBAL MANUFACTURING INITIAT
Slide 4: 3Q26: Financial Highlights
3Q26: FINANCIAL HIGHLIGHTS 4 SALES ADJUSTED EBITDA MARGIN2 $230M 20.3% Up 4% YoY Down 20 bps YoY Above top end of outlook by $8M1 At high side of outlook1 ADJUSTED DILUTED EPS2 OPERATING CASH FLOW $0.80 $40M Up 11% YoY Up 59% YoY Above top end of outlook by $0.031 185% Free Cash Flow conversion2 in
Slide 5: 3Q26: Sales Mix by Segment, Region, & End Market
3Q26: SALES MIX BY SEGMENT, REGION, & END MARKET 5 SALES BY SEGMENT SALES BY REGION SALES BY END MARKET* Health & EMEA Agriculture Wellness Hydraulics Electronics Americas 24% 14% 14% 62% 38% 55% Recreational 14% Industrial 14% APAC Other Mobile 22% 10% 34% (Quarterly Year-Over-Year Trends) Reported
Slide 6: 3Q26: Sales, Gross Profit, & Gross Margin
3Q26: SALES, GROSS PROFIT, & GROSS MARGIN 6 Delivered Five Consecutive Quarters of Year-Over-Year Gross Margin Expansion ($ in millions) SALES YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER $901 $220 $230 Sales +4%, +13% pro-forma1 basis $839 Sales impacted by: + Broad end market demand in both segments
Slide 7: 3Q26: Operating Margin & Adjusted EBITDA / Margin
3Q26: OPERATING MARGIN & ADJUSTED EBITDA / MARGIN 7 Margins Hold Steady as We Begin Lapping Tougher Second-Half Comparisons GAAP & NON-GAAP ADJUSTED OPERATING MARGIN1 YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER 16.9% 16.6% 16.6% Operating income increased $27 million compared to prior 15.4% 4.0% 4.4%
Slide 8: 3Q26: Net Income & Earnings Per Share
3Q26: NET INCOME & EARNINGS PER SHARE 8 Prior Year Impacted by Goodwill Impairment & Divestiture ($ in millions) NET INCOME YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER $79 $18 Net income +71% $48 $10 Net income impacted by: + Higher sales 2025 TTM 3Q26 3Q25 3Q26 + Operating performance DILUTED & ADJUS
Slide 9: 3Q26: Segment Highlights
3Q26: SEGMENT HIGHLIGHTS 9 ($ in millions) HYDRAULICS ELECTRONICS HYDRAULICS ELECTRONICS Key Metrics 3Q26 YoY 3Q26 YoY Sales 3Q26 YoY 3Q26 YoY Sales $143 1%1 $87 10% Americas $60 11% $66 9% Gross Profit $46 0% $30 11% EMEA $45 9% $9 -7% Operating Income $25 2% $12 NM2 APAC $38 -18%3 $12 32% CONSOLID
Slide 10: 3Q26: Cash Flow Related Metrics
3Q26: CASH FLOW RELATED METRICS 10 CASH CONVERSION CYCLE1 FREE CASH FLOW2 (BARS) ADJUSTED FCF CONVERSION2 RATE (DIAMONDS) 144 128 116 126 119 $121 $104 $95 2024 2025 TTM 3Q26 3Q25 3Q26 DEEPER BUSINESS 244% REVIEWS CAPEX DOLLARS / CAPEX % OF SALES ($ in millions) 187% $31 $8 154% $27 $7 $24 $29 $32 3
Slide 11: 3Q26: Debt, Liquidity, & Capital Allocation
3Q26: DEBT, LIQUIDITY, & CAPITAL ALLOCATION 11 ($ in millions) DEBT & LIQUIDITY PROFILE CAPITAL ALLOCATION PRIORITIES 1. 2. 3. 4. $471 Acquisitions Organic Returns to Pay Down Liquidity Investments Shareholders Debt $328 Total Debt $101 $398 Additional Details Revolver / Other Undrawn Revolver Incre
Slide 12: 2026: Financial Priorities
2026: FINANCIAL PRIORITIES 12 EXPAND MAINTAIN OPTIMIZE EXECUTE ON GROSS EARNINGS CAPITAL GROWTH PLAN MARGINS MOMENTUM ALLOCATION By winning our By driving By building on By investing in share of the productivity and our strong organic growth sales funnel and leveraging our foundation and and driving
Slide 13: 2026: Updated Outlook
2026: UPDATED OUTLOOK 13 FY25 ACTUAL PRIOR FY26 OUTLOOK NEW FY26 OUTLOOK 4Q26 OUTLOOK REPORTED ON 3/2/2026 ISSUED ON 8/10/2026 ISSUED ON 11/5/2026 ISSUED ON 11/5/2026 SALES SALES SALES SALES +11% to +14% +13% to +14% -3% to +1% $839M Reported $880M – $900M $895M – $902M $205M – $212M $792M Pro Forma
Slide 14: 2026: Segment Outlook
2026: SEGMENT OUTLOOK 14 HYDRAULICS ELECTRONICS Regional Outlook AMER EMEA APAC AMER EMEA APAC Mobile (includes Construction), Positive Catalysts Mobile (includes Construction), Aerospace Health & Wellness Recreational (On/Off-road), Stable / Moderate Lift Agriculture, Industrial Industrial Flat / N
Slide 15: 2026: Key Focus Areas
2026: KEY FOCUS AREAS 15 STRATEGIC FRAMEWORK Implementing The CORE 2030 Strategy while delivering year one progress to plan EVOLVE OUR GO-TO-MARKET Continuous improvement → converting the growing sales funnel into more new business wins INSTITUTIONALIZE INNOVATION Rigorous NPI processes that drive n
Slide 16: Supplemental Slides
SUPPLEMENTAL SLIDES
Slide 17: 2026: Full Year Outlook
2026: FULL YEAR OUTLOOK 17 REPORTED ON ISSUED ON ISSUED ON 3/2/2026 8/10/2026 11/5/2026 KEY FINANCIAL 2025 PRIOR 2026 NEW 2026 METRICS ACTUAL2 OUTLOOK OUTLOOK Net Income $48.4 $75 - $81 $72 - $74 OUTLOOK ASSUMPTIONS Hydraulics segment sales expectations slightly higher consistent with Adjusted EBITD
Slide 18: Segment Data
18 SEGMENT DATA (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended October 03, September 27, October 03, January 03, 2026 2025 2026 2026 Net sales: Hydraulics $ 142.9 $ 141.3 $ 560.6 $ 540.8 Electronics 86.8 79.0 340.1 298.2 Consolidated $ 229.7 $ 220.3 $ 900.7 $ 839.
Slide 19: Net Sales by Geographic Region & Segment
19 NET SALES BY GEOGRAPHIC REGION & SEGMENT (Unaudited) ($ in millions) 2026 Q1 % Change y/y Q2 % Change y/y Q3 % Change y/y YTD 2026 % Change y/y Americas: Hydraulics $ 56.7 14% $ 57.2 6% $ 59.7 11% $ 173.7 10% Electronics 72.0 27% 63.0 17% 66.2 9% 201.2 18% Consol. Americas 128.7 21% 120.2 11% 125
Slide 20: Non-GAAP Adjusted Operating Income & Margin Reconciliation
20 NON-GAAP ADJUSTED OPERATING INCOME & NON-GAAP ADJUSTED OPERATING MARGIN RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended October 03, September 27, October 03, January 03, 2026 Margin 2025 Margin 2026 Margin 2026 Margin GAAP operating income $ 28.1
Slide 21: Non-GAAP Adjusted EBITDA & Margin Reconciliation
21 NON-GAAP ADJUSTED EBITDA & NON-GAAP ADJUSTED EBITDA MARGIN RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Nine Months Ended For The Twelve Months Ended October 03, September 27, October 03, September 27, October 03, September 27, January 03, 2026 Margin 2025 Margin
Slide 22: Non-GAAP Adjusted Net Income & Per Diluted Share Reconciliation
22 NON-GAAP ADJUSTED NET INCOME & NON-GAAP ADJUSTED NET INCOME PER DILUTED SHARE RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended October 03, Per Diluted September 27, Per Diluted October 03, Per Diluted January 03, Per Diluted 2026 Share 2025 Share 2
Slide 23: Non-GAAP Free Cash Flow Reconciliation & Adjusted FCF Conversion
23 NON-GAAP FREE CASH FLOW RECONCILIATION & NON-GAAP ADJUSTED FREE CASH FLOW CONVERSION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended October 03, September 27, September 28, October 03, January 03, December 28, 2026 2025 2024 2026 2026 2024 Net cash provided by o
Slide 24: Pro Forma Non-GAAP Net Sales Reconciliation
PRO FORMA NON-GAAP NET SALES RECONCILIATION 24 (Unaudited) For The Three Months Ended October 03, 2026 ($ in millions) Hydraulics Electronics Consolidated Net sales $ 142.9 $ 86.8 $ 229.7 Acquisition of business - (0.4) (0.4) Impact of foreign currency translation * (0.6) (0.4) (1.0) Pro-forma net s
Slide 25: Cash Conversion Cycle
25 CASH CONVERSION CYCLE (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended October 03, September 27, October 03, January 3, December 28, 2026 2025 2026 2026 2024 Net sales (a) $ 230 $ 220 $ 901 $ 839 $ 806 Accounts receivable, net (b) $ 138 $ 134 $ 138 $ 116 $ 105 Da
Slide 26: Net Debt to Non-GAAP Adjusted EBITDA Reconciliation
26 NET DEBT TO NON-GAAP ADJUSTED EBITDA RECONCILIATION (Unaudited) ($ in millions) As of As of October 03, September 27, 2026 2025 Current portion of long-term non-revolving debt, net - 18.5 Revolving lines of credit 101.3 138.8 Long-term non-revolving debt, net 226.2 261.8 Total debt 327.5 419.1 Le
Slide 27: Helios Technologies contact
H E L I O S T E C HNOL OG IE S. COM 7456 16th Street East Sarasota, FL 34243 +1 - 941 - 362 - 1 2 0 0