Helios Technologies Expands Electronics Segment With Smartphone Integration for Off-Road Vehicles
On September 1, Helios Technologies (NYSE:HLIO) announced that its Electronics segment has expanded the No Roads platform to include Apple CarPlay and Android Auto integration. This move brings smartphone connectivity features typically found in cars to off-road vehicles such as boats, ATVs, and overlanding rigs. The announcement follows a strong second quarter for the segment, which saw sales rise 19% year-over-year to $85.5 million with gross margin expanding by 530 basis points to 34.6%. Operating income increased by 90% to $11.2 million during this period. The company has raised its full-year revenue guidance for 2026 from a range of $840–$870 million to $880–$900 million, reflecting confidence in the segment's growth potential and strategic shift toward differentiated products. Helios also reduced net debt to 1.4 times adjusted EBITDA compared to 2.6 times last year. Despite these positive developments, CFO Jeremy Evans highlighted challenges ahead including tougher comparisons in Q3–Q4 of 2026, geopolitical uncertainty, and inflationary pressures. The third-quarter sales guidance is below the second quarter's performance, indicating a potential slowdown.
