Helios Technologies, Inc. reported a consolidated net sales increase of 4.1% for the fiscal year ending January 3, 2026, reaching $839.0 million, compared to $805.9 million in the previous year. The company's gross profit also rose by 7.5% to $271.2 million, with a gross margin improvement to 32.3%. However, operating income decreased by 19.3% to $66.0 million, primarily due to a $25.9 million goodwill impairment charge related to its i3 Product Development segment. Net income increased by 24.1% to $48.4 million, benefiting from a $15.2 million net gain related to the divestiture of Custom Fluidpower and a decrease in interest expenses.
The Hydraulics segment generated $540.8 million in sales, a modest increase of 0.7%, while the Electronics segment saw a more significant growth of 11.0%, reaching $298.2 million. The company noted that the demand for products in mobile and recreational marine markets was strong, although sales in the industrial end market declined. The EMEA region outperformed others, contributing to the overall sales growth. The company also experienced a favorable impact of $4.4 million from foreign currency exchange rate changes during the year.
Strategically, Helios completed two acquisitions in 2023: Schultes Precision Manufacturing and i3 Product Development, enhancing its capabilities in precision manufacturing and custom engineering services. In contrast, the company divested its interest in Custom Fluidpower in September 2025, which impacted its sales figures. The divestiture generated approximately $76.7 million AUD in cash, with a pre-tax gain of $18.8 million recognized in continuing operations.
Operationally, Helios employed over 2,300 individuals globally, with a significant presence in the Americas, EMEA, and APAC regions. The company has focused on enhancing its manufacturing capabilities and optimizing its supply chain through regional operational centers. The restructuring efforts within the Hydraulics segment were completed, while the Electronics segment paused some restructuring activities due to uncertainties around trade tariffs. The company continues to explore potential acquisitions to support its growth strategy.
Looking ahead, Helios Technologies remains optimistic about its growth trajectory, driven by product innovation and strategic acquisitions. The company aims to leverage its strong balance sheet and operational efficiencies to navigate market challenges and capitalize on emerging opportunities in its diverse end markets.
About HELIOS TECHNOLOGIES, INC.
Helios Technologies, Inc. is a global provider of engineered motion control and electronic control solutions for markets including construction, agriculture, industrial, marine, aerospace, and health. Its core segments—Hydraulics and Electronics—offer hydraulic components, system solutions, displays, controls, and software. The company focuses on innovation, quality, and customer-centric system solutions, leveraging a global manufacturing network and strategic acquisitions to serve diverse OEMs and end markets.
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