Helios Technologies Reports 9.1% Revenue Growth to $231.9 Million in Q2 2026

Helios Technologies, Inc. reported a significant increase in financial performance for the second quarter of 2026, with net sales reaching $231.9 million, a 9.1% increase from $212.5 million in the same period last year. The company's gross profit also rose to $80.2 million, up 18.8% from $67.5 million, resulting in a gross margin of 34.6%. Operating income for the quarter was $32.5 million, reflecting a 48.4% increase compared to $21.9 million in the prior year. Net income surged to $21.9 million, or $0.66 per diluted share, compared to $11.4 million, or $0.34 per diluted share, in the previous year.

For the first half of 2026, Helios reported net sales of $460.3 million, a 12.8% increase from $408.0 million in the same period of 2025. Gross profit for the six months was $155.1 million, up 21.7% year-over-year, with an operating income of $62.4 million, a 60% increase from $39.0 million. The net income for the first half was $41.6 million, compared to $18.6 million in the prior year, resulting in a diluted earnings per share of $1.25, up from $0.56.

The company noted several strategic developments, including the completion of a divestiture of Custom Fluidpower Pty. Ltd. in September 2025, which has allowed for a more focused operational structure. Additionally, Helios has been optimizing its operations by consolidating its North American Hydraulics operations and moving production activities to lower-cost facilities in Mexico. These changes are expected to enhance operational efficiencies and reduce costs.

Operationally, Helios has seen increased demand across various end markets, particularly in mobile, recreational, agriculture, and health and wellness sectors. The company reported a favorable impact from foreign currency exchange rates, contributing to sales growth. However, the industrial end market showed a decline compared to the previous year. The Americas region accounted for approximately 45% of total net sales, with notable contributions from China, Australia, and Germany.

Looking ahead, Helios Technologies anticipates continued challenges from macroeconomic conditions, including inflation and geopolitical uncertainties. The company remains focused on liquidity management and cost-saving initiatives to mitigate these risks. With a strong cash position of $68.0 million and available credit of $393.8 million, Helios is well-positioned to navigate potential economic fluctuations while pursuing growth opportunities in its core markets.