Helios Technologies, Inc., together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 

• Helios Technologies Introduces the S35 Display: Compact, Rugged and Configurable- a global leader in highly engineered motion control and electronic controls technology, proudly announces the launch of the S35 display. Designed and manufactured by Enovation Controls, part of Helios’ Electronics segment, the S35 combines advanced technology, rugged durability, and exceptional usability to deliver a superior entry-level display solution for industrial and electronic applications.
• The S35 is a worthy successor to the legendary PV101, offering a versatile 3.5-inch color display with tactile buttons and a user-friendly design.

• Generated $34.8 million in cash from operations, up 195% over prior-year period, reflecting disciplined working capital initiatives 

• Reduced $19.3 million in total debt, the fifth consecutive quarter of debt reduction; Improved net debt leverage ratio again sequentially down to 2.8x from 3.0x ending 2Q24

• Gross profit and margin impacts: gross profit increased $0.8 million compared with the year ago period and gross margin expanded 150 basis points as the impact of lower volume was offset by lower material costs, reductions in variable overhead and favorable foreign currency impacts of $0.2. Compared with the second quarter 2024.

• Gross profit declined $10.1 million, or 14%. Selling, engineering and administrative (“SEA”) expenses: SEA declined $7.3 million, or 19% compared with the year ago period reflecting lower payroll and benefit costs and a cost adjustment from lower stock based compensation expense from officer transition.

Acrobull Recommendation Based on Evaluation