HLIO - Helios Technologies reports Q3 earnings miss; narrows FY22 outlook

• Helios Technologies press release ( NYSE: HLIO ): Q3 Non-GAAP EPS of $0.90 misses by $0.07 .
• Revenue of $207.2M (-7.2% Y/Y) misses by $10.92M .
• The Company is updating its outlook for 2022, consolidated revenue of $885 - $910 million vs. consensus of $927.54M; Adjusted EBITDA margin of 22.6% - 23.6%; Capital expenditures % total revenue of 3% - 4% of sales and Diluted Non-GAAP Cash EPS of $3.85 - $4.05 vs. consensus of $4.32.

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