Helios Technologies, Inc. Revises Consolidated Earnings Guidance for the Year 2021
November 08, 2021 at 04:30 pm IST
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Helios Technologies, Inc. revised consolidated earnings guidance for the year 2021. For the year, the company expects revised revenue to be in the range of $840 million to $860 million compared to previously expected revenue to be in the range of $800 million to $830 million.
Helios Technologies, Inc. provides highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. The Company's segments include Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds, quick release couplings as well as engineers hydraulic solutions and in some cases complete systems. The Hydraulics segment includes products sold under the Sun Hydraulics, Faster, Custom Fluidpower, Taimi, Daman and Schultes brands. The Electronics segment designs and manufactures customized electronic controls systems, displays, wire harnesses, and software solutions for a variety of end markets. The Electronics segment includes products sold under the Enovation Controls, Murphy, Zero Off, Balboa Water Group and Joyonway brands.