HELIOS TECHNOLOGIES INC
For the period ended Mar 30, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 9, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Cover page
Show cover page
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 30,2024
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 001-40935
HELIOS TECHNOLOGIES, INC.
(Exact Name of Registration as Specified in its Charter)
| Florida | 59-2754337 |
|---|---|
| (State or Other Jurisdiction ofIncorporation or Organization) | (I.R.S. EmployerIdentification No.) |
| 7456 16th St ESARASOTA, Florida | 34243 |
| (Address of Principal Executive Offices) | (Zip Code) |
(941)362-1200
(Registrant’s Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | TradingSymbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock $.001 Par Value | HLIO | The New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☐ | Smaller Reporting Company | ☐ |
| Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
The registrant had 33,197,487 shares of common stock, par value $.001, outstanding as of April 26, 2024.
INDEX
For the quarter ended
March 30, 2024
| Page | ||||
|---|---|---|---|---|
| PART I. FINANCIAL INFORMATION | 3 | |||
| Item 1. | Financial Statements | 3 | ||
| Consolidated Balance Sheets as of March 30, 2024 (unaudited) and December 30, 2023 | 3 | |||
| Consolidated Statements of Operations (unaudited) for the Three Months Ended March 30, 2024 and April 1, 2023 | 4 | |||
| Consolidated Statements of Comprehensive Income (unaudited) for the Three Months Ended March 30, 2024 and April 1, 2023 | 5 | |||
| Consolidated Statements of Shareholders’ Equity (unaudited) for the Three Months Ended March 30, 2024 and April 1, 2023 | 6 | |||
| Consolidated Statements of Cash Flows (unaudited) for the Three Months Ended March 30, 2024 and April 1, 2023 | 7 | |||
| Condensed Notes to the Consolidated, Unaudited Financial Statements | 8 | |||
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 22 | ||
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 30 | ||
| Item 4. | Controls and Procedures | 30 | ||
| PART II. OTHER INFORMATION | 31 | |||
| Item 1. | Legal Proceedings | 31 | ||
| Item 1A. | Risk Factors | 31 | ||
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 31 | ||
| Item 3. | Defaults Upon Senior Securities | 31 | ||
| Item 4. | Mine Safety Disclosures | 31 | ||
| Item 5. | Other Information | 31 | ||
| Item 6. | Exhibits | 32 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.