By Katherine Hamilton
Helios Technologies shares jumped after the company raised its full-year outlook.
The stock soared 26% to $46.42 on Tuesday, and is on track to close with the highest percent increase on record. Shares are up 3.8% for the year.
The Sarasota, Fla., manufacturer, which serves the hydraulics and electronics industries, said late Monday it was raising its annual sales outlook to a range of $810 million to $830 million, up from $775 million to $825 million.
It now expects earnings per share to be $2.30 to $2.50, up from $2 to $2.40.
Helios exceeded its own expectations in the first half of the year and has clear visibility into the rest of the third quarter, Chief Executive and Chief Financial Officer Sean Bagan said.
The outperformance comes even amid uncertainty from tariffs and weakness in several end markets, Bagan said. Helios has had seven consecutive months of growth in its consolidated order book and some markets are showing signs of stabilization, he added.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
August 05, 2025 12:41 ET (16:41 GMT)
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