Helios Technologies announced on September 1 that its Electronics segment has expanded the No Roads platform with Apple CarPlay and Android Auto, bringing smartphone integration to boats, ATVs, and off-road vehicles. This move follows a second quarter where the Electronics segment's gross margin expanded by more than 500 basis points, and the company raised its full-year 2026 sales outlook to $880 million to $900 million, up from a prior range of $840 million to $870 million. Electronics sales climbed 19% in the second quarter to $85.5 million, with gross margin up 530 basis points to 34.6%, and operating income up 90% to $11.2 million. However, CFO Jeremy Evans flagged tougher year-over-year comparisons in the second half, along with geopolitical uncertainty, tariff dynamics, and inflationary pressures as headwinds. The company also reduced net debt to 1.4 times adjusted EBITDA from 2.6 times a year earlier, but still carries $105.4 million in revolving credit borrowings and $226.1 million in long-term debt.
Helios Technologies IncExpands No Roads platform with Apple CarPlay and Android Auto, enhancing product offering for off-road vehicles.
