Adjusted EBITDA margin was 18.6%, above expectations despite unfavorable product mix and tariff impacts.
Cash from operations was near-record at $37 million, with debt reduced by $67 million year-over-year, lowering net debt to adjusted EBITDA leverage to 2.6x.
Diluted EPS was $0.34, down 17% year-over-year, while non-GAAP diluted EPS was $0.59, down 8% but up 34% sequentially from Q1.
Electronics segment sales declined 4%, with gross profit and margin down significantly due to higher freight, duties, and product mix.
Helios Technologies reported Q2 2025 sales of $212 million, exceeding the outlook of $206 million, driven by stronger Hydraulics segment sales and favorable foreign exchange.
Hydraulics segment sales declined 3% year-over-year but gross profit and margin improved due to cost reductions and favorable foreign exchange.
Operating income declined by $4.1 million year-over-year due to lower volume and increased SEA expenses.