Driven by acquisitions, fourth-quarter sales jumped 54.5 percent while profits quadrupled at Florida-based Helios Technologies (formerly known as Sun Hydraulics), manufacturer of hydraulics and electronics. The company posted net income of $16.4 million for the final quarter of 2018. For the full year, sales hit a record $508.0 million.
According to president/CEO Wolfgang Dangel, “We believe we can continue to grow at a rate that exceeds growth expected in the currently changing macroeconomic climate. We are aggressively investing in innovative manufacturing technologies and market-leading new products, which will keep our capital expenditures and research and development spending at strong levels.”