Helios Technologies Inc (NYSE: HLIO) is an industrial technology company that designs and manufactures hydraulic control solutions and electronic control systems sold globally to OEM customers, distributors, and system integrators. Revenue is transactional, generated through direct OEM sales and independent authorized distributor channels. The company operates two segments: Hydraulics and Electronics. In FY2025 (year ended January 3, 2026), Electronics segment OEM sales constituted 78% of total Electronics segment sales, with approximately 22% derived from distributor channel partners. The Hydraulics segment serves mobile and industrial end markets across North America, Europe, and Asia, with EMEA demand increasing in FY2025 while Americas and APAC sales declined. Products are deeply integrated into customer applications through co-engineering, creating switching costs at the design-in stage. The company holds approximately 300 active patents and trademarks as of the FY2025 10-K filing. Sean Bagan serves as President and Chief Executive Officer.

Revenue model

Transactional product sales to OEM customers (78% of Electronics segment sales in FY2025) and independent authorized distributors (approximately 22% of Electronics segment sales in FY2025). No disclosed subscription or recurring software revenue stream.

Products and services

Hydraulic control solutions including precision-machined hydraulic components; electronic control systems including CAN-based instruments, environmentally sealed controllers, hydraulic controllers, pumps, water flow systems, engineered panels, process monitoring instrumentation, printed circuit board assemblies, wiring harnesses, and custom software solutions. PowerView and OpenView LCD display lines with customizable software and graphics. Products span mobile DC power and fixed AC power applications.

Customers and end markets

OEM customers across mobile equipment, agriculture, and industrial end markets. Agriculture sales were relatively flat year-over-year in FY2025 with growth in the second half. Industrial end market sales declined year-over-year in FY2025. Mobile end market demand improved in FY2025. Customers also include system integrators and independent authorized distributors.

Value-chain role

Component and subsystem supplier to OEMs. Co-engineers products directly with OEM customers, embedding hardware and software solutions into customer applications at the design stage. Provides pre-sale, in-sale, and post-sale technical support.

Geographic exposure

Global operations with manufacturing in North America, Europe, and Asia. Hydraulics segment sales increased in EMEA and declined in Americas and APAC in FY2025. APAC decline was partially driven by a divestiture completed in Q3 FY2025. Electronics products sold globally.

Source: SEC 10-K, filed 2026-03-03

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