Helios Technologies Inc 2025年度报告

2 0 2 5 A N N U A L R E P O R T 2025 marked a pivotal year forHelios Technologies—returning togrowth, expanding gross margin,and generating record cashflow—as we also celebrated our 55thcorporate anniversary. Throughdisciplined execution, portfoliooptimization, and a renewed focuson customer-centric innovation,we strengthened our foundationand built meaningful momentumentering 2026. $839MSales $1.45/$2.56Diluted EPS/Diluted Non-GAAP EPS* $161MAdjusted EBITDA* ~2,300Colleagues With a clear strategy and energizedculture, we are well positioned todrive sustainable growth and long-term value for our shareholders. $129MNon-GAAP AdjustedOperating Income* ~300Active Patentsand Trademarks $127MCash fromOperations ~80Number ofCountries Sold Into *Includes certain non-GAAP adjustments andfinancial measures.See non-GAAP reconciliations for additional details and reconciliations. LETTER TO OURSHAREHOLDERS DEAR FELLOW SHAREHOLDERS, will provide the growth engine to expandshare across the markets we serve while alsoenabling us to enter new adjacencies. We are energized by the significant progressour global Helios Technologies team made withour turnaround performance infiscal year 2025.We delivered strongfinancial results, whichincluded generating profitable sales growthfor thefirst time in three years, driving recordcashflow, and fortifying our balance sheet.We demonstrated resilience and disciplinedexecution amid the uneven global markets andongoing macroeconomic uncertainty. Whileseveral of our key end markets remained soft,we remained steadfast in our commitmentto partnering with our customers to drive thenext generation of technology advancements.Our foundation is strong as ever thanks to ourdiversified portfolio, attention to operationalexcellence, and a global team aligned with theCompany’s strategic priorities. points versus 2024. •Diluted EPS of $1.45, up 24%, and dilutednon-GAAP EPS2of $2.56, up 22%.•Record cash from operations of $127 millionand another year of record free cashflow.• Total debt was reduced by $82 million or18%; cashflow and debt reduction greatlyenhanced liquidity which surpassed total debt. Our history as a leader in the hydraulics andelectronics markets and our performanceover the past year have further solidified ourconfidence in our unique market positioning.As we move into 2026, our execution is guidedby The CORE 2030 Strategy leveraging Helios’Momentum Model designed to scale ourbusiness and drive sustained value creation forour shareholders. Operationally, we executed on severalimportant initiatives: • Returned to growthacross both businesssegments by reshaping our go-to-marketmodel, reallocating resources closer to thecustomer, and increasing the pace of newproduct introductions. 2025 PERFORMANCE AND EXECUTION We entered 2025 with a clear plan to restoregrowth and build a more predictable,performance-driven culture. By year-end, wehad delivered on that plan with 2025 resultsreflecting rigorous execution against thekey focus areas that we established at thebeginning of the year. • Optimized our portfoliothrough thedivestiture of Custom Fluidpower,sharpening our focus on core Hydraulicsand Electronics capabilities. We alsoreallocated engineering resources to ourcore businesses to further strengthen ourcustomer-centric approach. Over the past year, we refined The CORE2030 Strategy to capitalize on our growthopportunities, revamped our go-to-marketapproach, and drove enhanced operationalexcellence. We also instituted a strong cultureof customer centricity, accountability, andcreative thinking. The energized and elevatedculture has ignited the momentum that willdrive us into the future. In fact, the acceleratedlevel of new products launched in the year Keyfinancial highlights for 2025 included: • Sales of $839 million, up over 4% reportedand 6% on a pro-forma1basis.•Delivered four consecutive quarters of grossmargin expansion ending the year withgross margin of 32.3% in 2025, up 100 basis • Drove operational excellencewith fourconsecutive quarters of gross marginexpansion, improved working capital, andtighter cost control. We demonstrated that To be the world’s most trusted and preferred 2 – 2 HELIOS TECHNOLOGIES2025 ANNUAL REPORTGUIDING PRINCIPLESPeople-Powered, Team-Driven | Safety & Ethics – Always | Delighting Our Customers THE CORE 2030STRATEGY SETS ACLEAR PATH TO DOUBLEHELIOS’ SALES, WHILEDELIVERING TOP-TIERMARGINS AND LONG-TERM VALUE CREATION.E •Drive operating leverage through productivity: Optimize our regional centers of excellencewith our “in the region, for the region”approach and focus relentlessly on safety,quality, delivery, and cost improvements. •Generate sustainable profitable growth:100+ basis points of annual EBITDA marginexpansion while maintaining a best-in-classcashflow engine to deliver 25%+ adjustedEBITDA margin1and adjusted operatingincome margin1of 20%+. We will execute this strategy by employingHelios’ Momentum Model, which lin