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Helios Technologies Inc (HLIO) Q3 2024 Earnings Call Highlights: Strong Margins Amid Revenue Decline

By Yahoo! Finance   |   Nov 7, 2024 at 02:38 AM EST
Helios Technologies Inc (HLIO) Q3 2024 Earnings Call Highlights: Strong Margins Amid Revenue Decline

The decline in SG&A costs was mainly due to a one-time benefit from a stock-based compensation accrual reversal and cost-cutting measures. Achieving higher gross margins in hydraulics relies on volume recovery.

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