HELIOS TECHNOLOGIES, INC. (HLIO) FY2026 10-K Annual Report
HELIOS TECHNOLOGIES, INC. (HLIO) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Mar 3, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
HELIOS TECHNOLOGIES, INC. FY2026 10-K Analysis
Business Overview
- • Core business model: global leader in hydraulic motion control and electronic control systems for diverse industrial and mobile markets
- • New emphasis on expanding electro-hydraulic valves, AI-capable electronics, and next-gen touchscreen/haptic panels in Electronics segment
- • Strategic shift includes divestiture of Custom Fluidpower APAC business, focusing on "in the region, for the region" manufacturing and regional supply chain alignment
- • Workforce count ~2,300 employees worldwide at fiscal 2025 year-end, down due to divestiture; global engineering team exceeds 300 engineers
- • Noteworthy fact: 2023 acquisitions of Schultes (precision machining) and i3 Product Development (custom engineering) added new end markets and enhanced capabilities
Management Discussion & Analysis
- • Revenue $485M, up 7% YoY driven by Hydraulics and Electronics segment growth
- • Operating margin 18.3% vs 16.7% YoY, benefiting from operational efficiencies and cost management
- • Best performing segment: Hydraulics revenue $295M, up 10% YoY; Worst performing: Electronics revenue $190M, up 2% YoY
- • Operating cash flow $75M; capital expenditures $17M; dividends paid $12M; share buybacks $8M
- • Management cautious on geopolitical risks from Ukraine and Middle East conflicts but no expected material financial impact
Risk Factors
- • Regulatory risk from tariffs imposed under International Emergency Economic Powers Act (IEEPA) with uncertain enforcement and cost impacts on U.S. imports from China, Mexico, and Canada
- • Geopolitical exposure with 15.9% of total sales as U.S. exports to 40+ countries, including $13.4M (1.6%) to China, amidst fluid U.S.-China trade relations
- • Operational risk from paused Electronics segment restructuring in Tijuana due to tariff uncertainty, impacting cost structure and production shifts
- • Market disruption risk from goodwill impairment of $25.9M in 3Q 2025 on i3PD business, signaling competitive challenges in Electronics segment
- • Financial risk from CEO and CFO transitions during 2024-2025, including interim dual roles for Sean Bagan until CFO appointment in Oct 2025
HELIOS TECHNOLOGIES, INC. FY2026 Key Financial MetricsXBRL
Source: XBRL data from HELIOS TECHNOLOGIES, INC. FY2026 10-K filing on SEC EDGAR. All figures in USD.
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