Helios Technologies posts record Q3 sales of $230 million, beating outlook
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Revenue: Record Q3 sales of $230 million, up 4% YoY; up 13% adjusting for CFP divestiture, Radio Sound acquisition, and FX. Beat high end of outlook by $8 million. Gross Profit: Up 4% to $76 million. Gross Margin: Expanded 10 basis…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above outlook for a mid-cap company, with adjusted diluted EPS up 11%, supporting the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Third-quarter sales rose 4% to a record $230 million.
- 02Adjusted for the CFP divestiture, the Radio Sound acquisition and FX, growth was 13%.
- 03Adjusted diluted EPS rose 11% to $0.80, $0.03 above the high end of outlook.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets