Helios Technologies, Inc. (NYSE: HLIO)

Helios Technologies, Inc. is a global leader in highly engineered motion control and electronic controls technology serving diverse end markets such as construction, material handling, agriculture, industrial, mobile, energy, recreational vehicles, marine, aerospace, and health and wellness. The company designs and manufactures hydraulic motion control and fluid conveyance products, including cartridge valves, manifolds, quick release couplings, and engineered hydraulic system solutions, as well as customized electronic controls systems, displays, wire harnesses, and software solutions. With a presence in North America, Europe, and Asia Pacific, Helios supports customers through a network of distributors and direct original equipment manufacturer relationships.

Revenue is generated primarily from the sale of hydraulic components such as cartridge valves, manifolds, quick release couplings, and engineered hydraulic system solutions. In 2025, the Hydraulics segment accounted for approximately 64% of total company sales, while the Electronics segment contributed the remaining 36%. The Electronics segment derives revenue from customized electronic controls systems, displays, wire harnesses, software, and related engineering services, including products such as the PowerView and OpenView display families and the PowerView and OpenView lines. These products serve original equipment manufacturers, distributors, and system integrators who integrate them into machinery and equipment across multiple industries.

The company operates through the following segments.

• Hydraulics: This segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds, quick release couplings, and engineered hydraulic system solutions, and it also offers specialty products such as the ecoline energy efficient valve series and the ENERGEN valve that converts hydraulic flow into electrical power, serving industries such as construction, agriculture, industrial, mobile, energy, and aerospace.

• Electronics: This segment designs and manufactures customized electronic controls systems, displays, wire harnesses, and software solutions, offering product lines such as the PowerView and OpenView display families, the Murphy and Enovation Controls instrumentation brands, the Balboa Water Group and Joyonway water therapy systems, and the i3PD engineering services, serving end markets including off highway vehicles, recreational marine, powersports, agriculture, water pumping, power generation, industrial equipment, and health and wellness.

In the hydraulics market, Helios competes with full line producers such as Parker Hannifin, Danfoss and Eaton, and Bosch Rexroth and HydraForce, as well as component only and low cost providers. The company distinguishes itself through product quality, reliability, technological innovation, and the ability to deliver integrated hydraulic solutions that improve system efficiency and reduce operating costs. In the electronics market, Helios faces competition from large multinational firms such as Continental, Garmin, and Bosch, as well as niche players that specialize in specific product types like displays or water therapy controls. Helios maintains a competitive edge by offering customized electronic controls, ruggedized displays, and strong engineering support that meet the specific needs of original equipment manufacturers. The company's investment in over three hundred engineers and its focus on automation, electrification, and digitalization help it stay ahead of emerging trends and maintain a defensible market position.

Helios serves a broad range of customers including original equipment manufacturers, distributors, system integrators, and end users across sectors such as construction, agriculture, material handling, industrial machinery, energy, marine, aerospace, and health and wellness. In 2025, no single customer accounted for 10% or more of consolidated net sales, reflecting a diversified customer base. The company's global footprint includes sales in North America, Europe, and Asia Pacific, with the Hydraulics segment seeing relatively balanced regional distribution and the Electronics segment generating a majority of its revenue in the Americas.