Josef Matosevic CEO and President
I recognize that we have work ahead of us to make this great company even more successful. I am proud of all we have accomplished during 2020, but want you to know we are just getting started.

Dear Fellow Shareholders,

Reflecting on this past year in my role as President and CEO, I am honored to be leading this amazing company into the next chapter of its journey. Our Company has very dedicated, passionate employees that I am proud to call the Helios family. I will tell you more about their spirit and accomplishments throughout this letter.

Agile Response to the Global Pandemic

As we all know, 2020 has been a year of great challenges, from the global health crisis caused by the COVID-19 pandemic and the economic shock it has had on the world’s economy to the social upheaval we have witnessed that is forcing us all to think and act differently. Every person on the planet has been impacted in some way. Still, throughout it all, we have achieved much and augmented our strategy to set Helios up for a very bright future.

Like every company around the world, we experienced many challenges this year related to the pandemic. Throughout the year, our agile and experienced management team did a fantastic job of navigating through the adversity that COVID-19 presented. We protected our employees and communities, supported our customers, kept all operations running, drove excellent results and superior shareholder return.

While we responded to the needs of our customers and worked to ensure the success of our Company, the safety and health of our employees was, and always will be, our primary focus. We began planning immediately and quickly acted in response to the crisis. By early February, we were already working to ensure the safety of our employees and minimize any impact on our customers and operations. We instituted cost containment measures early on to mitigate the effects of the economic downturn and followed those with additional actions as we implemented the scenario plans we developed in the first quarter.

Solid Financial Results in Challenging Economy

Here are a few financial highlights for 2020:

  • Full year sales of $523 million
  • GAAP net income of $14 million
  • GAAP EPS of $0.44
  • Non-GAAP cash EPS of $2.24

We also achieved very strong cash flow during the year. Free cash flow1 increased to $94 million in 2020, equating to a free cash flow conversion rate of over 200%. This, in turn, enabled us to pay down nearly $50 million of debt in 2020, and we ended the year with a net leverage ratio of 3.0x2 ahead of our expected level of 3.4x.

Augmenting Our Strategy

A little over five years ago, we set out a 10-year vision to achieve global technology leadership in the industrial goods sector by reaching critical mass of $1 billion in sales through a combination of organic growth and acquisitions while maintaining superior profitability and financial strength. In support of these goals, we created four value streams and completed the acquisitions of BWG Holdings I Corp. (“Balboa”) in the fourth quarter of 2020 and BJN Technologies, Inc. in the first quarter of 2021. These value streams are interlaced with our flywheel acquisition strategy as well as our Helios shared corporate values, and we believe they will deliver growth, diversification and market-leading financial performance as we develop into a more sophisticated, globally oriented, customer-centric and learning organization.

The four value streams we have introduced to the organization are as follows:
  1. Protect the business and ensure the cash flywheel continues to spin. We plan to drive the cash flow engine through new product launches while we leverage existing products. We will cultivate customer-centricity and invest in expanding capacity as well as productivity improvements. Importantly, we will continue to execute on our newly developed global manufacturing and operating strategy that will drive improved margin.
  2. Champion a global operating mindset to better leverage our assets, accelerate innovation and diversify our end markets.
  3. Create great opportunities for growth, while reducing risk and cyclicality by diversifying our markets and sources of revenue, adding technology capacity and creating differentiation.
  4. Develop our talent through a culture of customer-centricity, continuous improvement, embracing diversity, engaging the team, focusing on shared deeply rooted values and promoting a learning organization.

Advancing Technologies

We acquired Balboa in November of 2020. We believe it is a perfect fit for our Electronics segment and positions us well for growth, aligning completely with our augmented strategy. Balboa is an innovative market leader in electronic controls, with proprietary and patented technology and AC (alternating current) power capabilities within the health and wellness industry. Balboa strengthens Helios with leading control solutions and a full suite of integrated products. Their proprietary technology accelerates our ability to innovate and expands and diversifies our addressable end markets. This acquisition is just the first step in a multi-year journey to build out our Electronics segment into a best-in-class industrial electronics provider.

With the recent BJN Technologies acquisition, we were able to bring in the talent and expertise we needed to open our Helios Center of Engineering Excellence (HCEE), which will augment and coordinate Helios’s technology advancements and new product development. As we utilize HCEE to leverage the combined power of Enovation and Balboa, we expect to expand into new end markets with global OEMs that will increase the Electronics segment’s geographic exposure as we win new business. We believe the HCEE will enable us to drive our operational plans to leverage joint product development opportunities across the Electronics segment initially, and ultimately across all of Helios.

Accelerating Growth

Organic growth is a critical element to our achieving—and potentially exceeding—our objectives. By innovating new products, expanding geographic reach, and finding new markets, we expect to continue to grow organically at a pace greater than the markets we serve. We accomplished quite a bit during 2020. Key highlights include:

Hydraulics Segment
  • Received the John Deere Supplier Innovation Award for 2020 for our multiconnection couplings with integrated valve systems. This is a tremendous honor for Helios to receive around our vision and progress in smart hydraulics. Our subsidiaries, Faster S.r.l. and Sun Hydraulics LLC, worked together to combine the advantages and features of MultiFaster and Sun electrohydraulic cartridge valves into an integrated manifold, reducing complexity and increasing reliability of the hydraulic circuit. This type of engineering collaboration is exactly the vision Helios has for the cross-pollination of R&D between our subsidiaries.
  • Expanded “in the region for the region” manufacturing capacity with localized sourcing in Asia, and grew Asia Pacific region sales by 5%.
  • Opened a state-of-the-art global research and development facility, the Robert E. Koski Center of Engineering Innovation, which will serve as the foundation for new, innovative product development.
Electronics Segment
  • Invested in the development of new products for customer-supported projects that we expect will reap rewards for many years to come.
  • Combined Balboa’s AC technology with Enovation’s display and controls leadership. This will enable technology integration that will reduce the investment of years, dollars and human capital resources as well as accelerate our ability to expand into new markets.
  • Added BJN Technologies, restructured leadership and opened the HCEE. We believe we are uniquely positioned as a market leader in niche applications of hydraulics and electronics to lead in the integration of the two industries. We expect that this will be defining for the future of Helios and make us incredibly tough to follow.

Corporate Responsibility

Here at Helios, corporate responsibility and sustainability are not only reflected in our business strategy, but are a part of who we are as people and members of our communities. In addition to the diversity and safety initiatives we implement every day, we are committed to reducing emissions, recycling, and minimizing our environmental footprint. We have implemented several strategies to achieve these goals and they are evolving. We are also disclosing more of our initiatives and their results in our annual proxy statement.

Our Board values the benefits that diversity brings our organization, and we are pleased to report that 60% of our corporate officer positions are held by experienced and talented women. Our commitment to diversity is strongly aligned with our leadership structure and global business goals. As a unified leadership team, we are committed to ensuring we have the most talented, diverse workforce and management team we can globally.

We are investing in and strengthening our ability to innovate and are very excited about the many changes we are implementing to drive growth, profitability, and shareholder value at Helios. I have great confidence in the ability of the Helios team to continue to successfully lead this great company and believe it will show in our results in the years to come.

A Strong, Exciting Future

In closing, I wish to thank all our stakeholders who contribute to our success, including our employees, customers, partners, and suppliers around the globe, as well as our Board of Directors.

I recognize that we have work ahead of us to make this great company even more successful. I am proud of all we have accomplished during 2020, but want you to know we are just getting started.

Finally, I wish to express my sincere appreciation to you, our shareholders. Your confidence and trust in the Helios organization, and our ability to achieve our strategic goals while expanding shareholder value makes it possible for us to work as hard as we do. I hope you are as excited about our future as we are!

Respectfully,

Josef Matosevic

CEO and President

1Free cash flow is defined as cash provided by operating activities minus capital expenditures

2On a pro-forma basis for Balboa

Augmenting
STRATEGY

Established Vision 2025 Strategy
 
Acquired Faster $531M Purchase Price
Changed Ticker to NASDAQ: HLIO
Appointed New CEO Brings deep commercial, operational and M&A experience
Acquired BJN Technologies and Opened the Helios Center for Engineering Excellence
2015
2016
2018
2019
2020
2021
 
Acquired Enovation Controls $250M Purchase Price
Adopted Helios Technologies as its New Business Name
Acquired Custom Fluidpower$26M Purchase Price
 
Acquired Balboa Water Group $219M Purchase Price

Value Streams

A little over five years ago, we set out a 10-year vision to achieve global technology leadership in the industrial goods sector by reaching critical mass of $1 billion in sales through a combination of organic growth and acquisitions while maintaining superior profitability and financial strength. In support of these goals, we created four value streams and completed the acquisitions of BWG Holdings I Corp. (“Balboa”) in the fourth quarter of 2020 and BJN Technologies, Inc. in the first quarter of 2021. These value streams are interlaced with our flywheel acquisition strategy as well as our Helios shared corporate values, and we believe they will deliver growth, diversification and market-leading financial performance as we develop into a more sophisticated, globally oriented, customer-centric and learning organization. 

The four value streams we have introduced to the organization are as follows:

Our Mission

PROTECT THE BUSINESS

Ensure that the cash flywheel continues to spin.

THINK AND ACT GLOBALLY

Drive intra- and intercompany initiatives that open global markets and leverage resources.

DIVERSIFY MARKETS AND REVENUE

Swarm commercial opportunities to diversify global and end-market revenue.

DEVELOP TALENT

Ensure team members are in the right seats and fill key skill gaps for future growth.

Environmental, Social and Governance (ESG) Matters

As we enter 2021, Helios and its Board affirmed its commitment to ESG matters as an integral part of the Company’s business strategy. To underscore its commitment, the Board recently created a new Committee entitled “Environmental, Social and Governance,” whose charter is to assist the Company in its oversight of corporate social responsibilities, significant public policy issues, health and safety, and climate-change related trends and other global ESG matters.

We are also disclosing more of our initiatives and their results in our annual proxy statement. Additionally, the Board adopted several new policies and procedures that underscore its commitment to ESG matters. Highlights include:

  • Corporate Responsibility Policy (including Human Rights Policy)
  • Code of Conduct for Suppliers and Third-Party Vendors (including Policy Against Human Trafficking and Slavery)
  • Conflict Mineral Policy
  • Insider Anti-Hedging Policy (Update)
  • Code of Business Conduct and Ethics (“Code”) (Update)

Advancing
Technologies

Hydraulics Segment

While maintaining superiority in hydraulic couplings and load-holding technologies, our Hydraulics segment continued to invest aggressively in strategic initiatives. In 2020, we made substantial gains in operational efficiencies while investing in innovation and product development. Highlights of 2020 include:

  • Received the John Deere Supplier Innovation Award for 2020 for our multiconnection couplings with integrated valve systems. Our subsidiaries, Faster and Sun, worked together to combine the advantages and features of MultiFaster and Sun electrohydraulic cartridge valves into an integrated manifold, reducing complexity and increasing reliability of the hydraulic circuit. This level of engineering collaboration aligns precisely with our vision for cross-pollination of R&D between our subsidiaries.
  • Expanded manufacturing capacity with localized sourcing in Asia and grew Asia Pacific region sales by 5%.
  • Launched the Robert E. Koski Center of Engineering Innovation, a state-of-the-art global R&D facility that will serve as the foundation for new, innovative product development. The Center honors the legacy of Sun Hydraulics’ founder and will provide expanded hydraulics and electro-hydraulics testing capabilities intended to serve Helios’s own product innovation and development efforts and to support our global customers, testing the latest technologies and Sun solutions with machines and equipment.
  • Continued expansion of the FLeX Series of electro-hydraulic valves with additional product releases, responding to the growing digitalization of the cartridge valve market.
  • Produced hydraulic cartridge valves in the EU to serve the local regional market with plans to further expand our “in the region for the region” manufacturing capabilities.
  • Accelerated our efforts to diversify product offerings into new markets and leverage diversified applications of our existing portfolio.

Electronics Segment

Our Electronics segment is a global leader in electronic control system solutions. With our vertically integrated manufacturing capabilities, we are able to quickly prototype and build fully-tailored solutions for engines, engine-driven equipment and specialty vehicles using rugged and reliable instruments such as displays, controls and instrumentation products. We have enhanced our capabilities during 2020 and advanced several key initiatives. Highlights of 2020 include:

  • Completed acquisition of Balboa Water Group, an innovative market leader of electronic controls for the health and wellness industry with proprietary and patented technology that enables end-to-end electronic control systems for therapy baths and spas. Balboa has differentiated controls technology expected to enhance and accelerate the Electronics segment’s ability to innovate and propel into new end markets while enhancing scale, addressable market and innovation in electronic control systems.
  • The addition of Balboa alternating current technology with Enovation’s display and controls leadership enables technology integration that will reduce the investment of years, dollars and personnel resources for technology advancement to accelerate our ability to expand into new markets.
  • Continued investments in the development of new products for customer supported projects that, while impacting margins in the near term, we expect will reap rewards for many years to come. These investments are driving opportunities to reach into targeted growth markets and are sustaining our proven track record of additional share in existing target markets.
  • In January 2021, acquired BJN and established our Center of Engineering Excellence, greatly enhancing our ability to integrate complementary technology across the Company and strategically expanding our product portfolio in existing and new end markets, first in the electronics segment and then throughout all of Helios.
  • Enovation Controls is a certified Great Place to Work® in 2020 for the second consecutive year. The certification is based on the results of an anonymous employee survey that focused on company culture, challenges, communication and leadership. Using validated employee feedback gathered with Great Place to Work’s rigorous, data-driven methodology, the certification confirms nine out of 10 employees have a consistently positive experience at Enovation Controls.

Accelerating
Growth

Diversified End Markets

2020 Revenue
$ Million
MOBILE
%
  • Hydraulics
  • Electronics
Industrial
%
  • Hydraulics
  • Electronics
Agriculture
%
  • Hydraulics
  • Electronics
Recreational
%
  • Hydraulics
  • Electronics
Health & Wellness
%
  • Hydraulics
  • Electronics

Consolidated Overview

Americas
%

Of Revenue

EMEA
%

Of Revenue

APAC
%

Of Revenue

  • Helios Headquarters
  • Hydraulics
  • Electronics

2020 At a Glance

REVENUE
$
million
Adjusted Operating Income
$
million
19.5% of Sales
Adjusted Cash from Operations
$
million
20.8% of Sales
Adjusted EBITDA
$
million
23.2% of Sales
%
10-Year Total Shareholder Return
Number of Countries Sold Into
Employees
%
Corporate Officer Positions Held by Women

Financial Highlights

NET SALES ($ in millions)
'16
196.9
'17
342.8
'18
508.0
'19
554.7
'20
523.0
Adjusted Cash From Operations* (In millions)
'16
38.5
'17
49.4
'18
77.5
'19
101.2
'20
108.6
Non-Gaap Cash EPS*  
'16
$0.97
'17
$1.81
'18
$2.30
'19
$2.43
'20
$2.24
Adjusted ebitda margin* (As a percent of sales)
'16
24.4%
'17
25.4%
'18
24.5%
'19
23.6%
'20
23.2%

Year Ended
(in thousands except per share data) Jan 2, 2021 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016

Statement of Operations

Net sales $523,040 $554,665 $508,045 $342,839 $196,934
Gross profit 196,228 212,282 192,683 136,525 71,349
Operating income 35,412 90,115 75,554 61,491 34,459
Adjusted operating income* 101,745 112,614 108,871 77,076 38,562
Net income 14,218 60,268 46,730 31,558 23,304
Non-GAAP cash net income* 71,900 77,737 72,135 48,811 26,068
Basic and diluted net income per common share 0.44 1.88 1.49 1.17 0.87
Basic and diluted non-GAAP cash net income per common share 2.24 2.43 2.30 1.81 0.97
Dividends per common share 0.36 0.36 0.36 0.38 0.40
Year Ended
(in thousands except per share data) Jan 2, 2021 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016

Other Financial Data

Depreciation and amortization $39,695 $35,215 $39,714 $19,190 $11,318
Capital expenditures 14,580 25,025 28,380 22,205 6,187
Year Ended
(in thousands except per share data) Jan 2, 2021 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016

Balance Sheet Data

Cash and cash equivalents $25,216 $22,123 $23,477 $63,882 $74,221
Working capital 126,007 116,136 103,866 100,913 110,192
Total assets 1,296,979 1,021,751 1,042,165 459,766 444,777
Total debt 462,385 300,393 352,685 116,000 140,000
Shareholders’ equity 607,790 577,636 530,768 272,673 236,397
Year Ended
(in thousands except per share data) Jan 2, 2021 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016

Margins and Metrics

Gross margin 37.5% 38.3% 37.9% 39.8% 36.2%
Adjusted operating margin* 19.5% 20.3% 21.4% 22.5% 19.6%
Adjusted EBITDA margin* 23.2% 23.6% 24.5% 25.4% 24.4%
Adjusted net income margin* 13.7% 14.0% 14.2% 14.2% 13.2%
Adjusted cash from operations as a percent of sales* 20.8% 18.2% 15.2% 14.4% 19.6%
Year Ended
(in thousands except per share data) Jan 2, 2021 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016

Non-GAAP Adjusted Operating Income Reconciliation

GAAP operating income $35,412 $90,115 $75,554 $61,491 $34,459
Acquisition-related amortization of inventory step-up 4,441 1,774 1,021
Acquisition and financing-related expenses 7,264 11 5,685 1,019 1,537
Restructuring charges 361 1,724 170 1,462
CEO and officer transition costs 2,592
One-time operational 2,907
Loss on disposal of intangible asset 2,713
Acquisition-related amortization of intangible assets 22,114 17,924 23,021 8,423 1,545
Goodwill impairment 31,871
Other 127
Inventory step-up amortization 1,874
M&A integration costs 257
Non-GAAP adjusted operating income* $101,745 $112,614 $108,871 $77,076 $38,562
Adjusted operating margin* 19.5% 20.3% 21.4% 22.5% 19.6%
Year Ended
(in thousands except per share data) Jan 2, 2021 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016

Adjusted EBITDA Reconciliation

Net income $14,218 $60,268 $46,730 $31,558 $23,304
Interest expense (income), net 13,286 15,387 13,876 3,781 (790)
Income tax provision 9,829 15,039 9,665 15,986 11,597
Depreciation and amortization 39,695 35,215 39,714 19,190 11,318
Acquisition-related amortization of inventory step-up 4,441 1,774 1,021
Acquisition and financing-related expenses 7,264 11 5,685 1,019 1,537
Restructuring charges 361 1,724 170 1,462
CEO and officer transition costs 2,592
One-time operational items 2,907
Loss on disposal of intangible asset 2,713
Goodwill impairment 31,871
Inventory step-up amortization 1,874
M&A integration costs 257
Foreign currency forward contract loss 2,535
Change in fair value of contingent consideration (47) 652 1,482 9,476
Other 127
Adjusted EBITDA* $121,200 $131,136 $124,298 $87,153 $47,987
Adjusted EBITDA margin* 23.2% 23.6% 24.5% 25.4% 24.4%
Year Ended
(in thousands except per share data) Jan 2, 2021 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016

Non-GAAP Cash Net Income Reconciliation

Net income $14,218 $60,268 $46,730 $31,558 $23,304
Acquisition-related amortization of inventory step-up 4,441 1,774 1,021
Acquisition and financing-related expenses 7,264 11 5,685 1,019 1,537
Restructuring charges 361 1,724 170 1,462
CEO and officer transition costs 2,592
One-time operational items 2,907
Loss on disposal of intangible asset 2,713
Goodwill impairment 31,871
Inventory step-up amortization 1,874
M&A integration costs 257
Foreign currency forward contract loss 2,535
Change in fair value of contingent consideration (47) 652 1,482 9,476
Amortization of intangible assets 22,114 18,065 23,262 8,423 1,545
Other 127
Impact of tax reform (1,400) 463
Other one-time tax related items (1,920)
Tax effect of above (8,604) (5,823) (8,850) (8,271) (1,339)
Non-GAAP cash net income* $71,900 $77,737 $72,135 $48,811 $26,068
Non-GAAP cash net income per diluted share* $2.24 $2.43 $2.30 $1.81 $0.97
Non-GAAP cash net income margin* 13.7% 14.0% 14.2% 14.2% 13.2%
Year Ended
(in thousands except per share data) Jan 2, 2021 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016

Non-GAAP Adjusted Cash from Operations

Net cash provided by operating activities $108,556 $90,480 $77,450 $49,382 $38,506
Contingent consideration payment in excess of acquisition date fair value 10,731
Adjusted net cash provided by operating activities* $108,556 $101,211 $77,450 $49,382 $38,506
Non-GAAP adjusted cash from operations as a percent of sales* 20.8% 18.2% 15.2% 14.4% 19.6%

*Adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, cash net income, cash net income per diluted share, cash net income margin, adjusted net cash provided by operating activities and adjusted cash from operations as a percent of sales are not measures determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP. Nevertheless, Helios believes that providing non-GAAP information such as adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, cash net income, cash net income per diluted share, cash net income margin, adjusted net cash provided by operating activities and adjusted cash from operations as a percent of sales are important for investors and other readers of Helios’s financial statements, as they are used as analytical indicators by Helios’s management to better understand operating performance. Because adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, cash net income, cash net income per diluted share, cash net income margin, adjusted net cash provided by operating activities and adjusted cash from operations as a percent of sales are non-GAAP measures and are thus susceptible to varying calculations, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, cash net income, cash net income per diluted share, cash net income margin, adjusted net cash provided by operating activities and adjusted cash from operations as a percent of sales, as presented, may not be directly comparable to other similarly titled measures used by other companies.

 

Corporate Information

Directors

  • Philippe Lemaitre
    Chairman of the Board
    Helios Technologies
    Chairman, President, CEO retired
    Woodhead Industries, Inc.

  • Marc Bertoneche, PhD
    Emeritus Professor,
    Business Administration
    University of Bordeaux

  • Douglas M. Britt
    President, Chief Executive Officer
    Boyd Corporation

  • Laura Dempsey Brown
    Senior VP, Communications
    and Investor Relations retired
    W.W. Grainger, Inc.

  • Cariappa (Cary) Chenanda
    Vice President
    Cummins, Inc.

  • Kennon H. Guglielmo, PhD
    Chief Executive Officer
    Genisys Controls, LLC

  • Josef Matosevic
    President, Chief Executive Officer
    Helios Technologies

  • Alexander Schuetz, PhD
    Chief Executive Officer
    Knauf Engineering GmbH

  • Gregory C. Yadley
    Partner
    Shumaker, Loop & Kendrick, LLP

Corporate Officers

  • Josef Matosevic
    President, Chief Executive Officer

  • Tricia L. Fulton
    Chief Financial Officer

  • Matteo Arduini
    President of QRC
    (Quick-Release Couplings)

  • Jinger J. McPeak
    President of EC (Electronic Controls)

  • Melanie M. Nealis, Esq.
    Chief Legal and Compliance Officer and Secretary

Corporate Headquarters

Helios Technologies
1500 West University Parkway
Sarasota, FL 34243
941.362.1200
www.heliostechnologies.com

Common Stock Information

NASDAQ Global Select Market
Symbol: HLIO
Registered shareholders
of record at April 6, 2021: 144
Beneficial owners of record
at April 6, 2021: 12,905
Closing stock price at
April 6, 2021: $71.81

Annual Meeting

Thursday, June 3, 2021
10:00 AM EDT
Helios Technologies
7456 16th Street East
Sarasota, FL 34243

Independent Auditors

Grant Thornton, LLP
Tampa, Florida

Transfer Agent

Computershare
Canton, Massachusetts

Investors Relations

Tania Almond
Vice President, Investor Relations and Corporate Communications
Investor@HeliosTechnologies.com

A copy of the Company’s Form 10-K, filed with the Securities and Exchange Commission, will be furnished free of charge on written request to:

Helios Technologies, Investor Relations
7456 16th Street East
Sarasota, FL 34243

Downloads

2021
Proxy Statement

Download Vote Proxy

2020
Annual Report

Download

2020 Annual Report On Form 10-K

Download

Forward-Looking Statements

This annual report contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied by such statements. They include statements regarding current expectations, estimates, forecasts, projections, our benefits, and assumptions made by Helios Technologies, Inc. (“Helios” or the “Company”), its director or its officers about the Company and the industry in which it operates, and assumptions made by management, and include among other items, (i) the Company’s strategies regarding growth, including its intention to develop new products and make acquisitions; (ii) the Company’s financing plans; (iii) trends affecting the Company’s financial condition or results of operations; (iv) the Company’s ability to continue to control costs and to meet its liquidity and other financing needs; (v) the declaration and payment of dividends; and (vi) the Company’s ability to respond to changes in customer demand domestically and internationally, including as a result of standardization. In addition, we may make other written or oral statements, which constitute forward-looking statements, from time to time. Words such as “may,” “expects,” “projects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words, and similar expressions are intended to identify such forward-looking statements. Similarly, statements that describe our future plans, objectives or goals also are forward-looking statements. These statements are not guaranteeing future performance and are subject to a number of risks and uncertainties. Our actual results may differ materially from what is expressed or forecasted in such forward-looking statements, and undue reliance should not be placed on such statements. All forward-looking statements are made as of the date hereof, and we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that could cause actual results to differ materially from what is expressed or forecasted in such forward-looking statements include, but are not limited to: (i) conditions in the capital markets, including the interest rate environment and the availability of capital; (ii) changes in the competitive marketplace that could affect our revenue and/or cost bases, such as increased competition, lack of qualified engineering, marketing, management or other personnel, and increased labor and raw materials costs; (iii) risks related to heath epidemics, pandemics and similar outbreaks, including, without limitation, the current COVID-19 pandemic, which may have material adverse effects on our business, financial position, results of operations and cash flows; (iv) new product introductions, product sales mix and the geographic mix of sales nationally and internationally.