Company Quick10K Filing
Sun Hydraulics
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 32 $1,431
10-Q 2019-11-05 Quarter: 2019-09-28
10-Q 2019-08-06 Quarter: 2019-06-29
10-Q 2019-05-07 Quarter: 2019-03-30
10-K 2019-02-26 Annual: 2018-12-29
10-Q 2018-11-06 Quarter: 2018-09-29
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-30
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-07-01
10-Q 2017-05-09 Quarter: 2017-04-01
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-08 Quarter: 2016-10-01
10-Q 2016-08-04 Quarter: 2016-07-02
10-Q 2016-05-10 Quarter: 2016-04-02
10-K 2016-03-01 Annual: 2016-01-02
10-Q 2015-11-03 Quarter: 2015-09-26
10-Q 2015-08-04 Quarter: 2015-06-27
10-Q 2015-05-05 Quarter: 2015-03-28
10-K 2015-02-24 Annual: 2014-12-27
10-Q 2014-11-04 Quarter: 2014-09-27
10-Q 2014-08-05 Quarter: 2014-06-28
10-Q 2014-05-06 Quarter: 2014-03-29
10-K 2014-03-07 Annual: 2013-12-28
10-Q 2013-11-05 Quarter: 2013-09-28
10-Q 2013-08-06 Quarter: 2013-06-29
10-Q 2013-05-08 Quarter: 2013-03-30
10-K 2013-03-12 Annual: 2012-12-29
10-Q 2012-11-07 Quarter: 2012-09-29
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-14 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-10-01
10-Q 2011-08-10 Quarter: 2011-07-02
10-Q 2011-05-10 Quarter: 2011-04-02
10-K 2011-03-09 Annual: 2011-01-01
10-Q 2010-11-10 Quarter: 2010-10-02
10-Q 2010-08-10 Quarter: 2010-07-03
10-Q 2010-05-11 Quarter: 2010-04-03
10-K 2010-03-15 Annual: 2010-01-02
8-K 2019-12-12 Other Events, Exhibits
8-K 2019-11-04 Earnings, Exhibits
8-K 2019-09-23 Other Events, Exhibits
8-K 2019-06-29 Earnings, Exhibits
8-K 2019-06-13 Officers, Amend Bylaw, Shareholder Vote, Other Events, Exhibits
8-K 2019-05-06 Earnings, Exhibits
8-K 2019-04-02 Officers, Exhibits
8-K 2019-03-11 Other Events, Exhibits
8-K 2019-02-22 Earnings, Officers, Exhibits
8-K 2018-12-18 Code of Ethics, Other Events, Exhibits
8-K 2018-11-05 Earnings, Exhibits
8-K 2018-09-24
8-K 2018-08-01 Earnings, Other Events, Exhibits
8-K 2018-05-31 Shareholder Vote, Other Events, Exhibits
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-04-01 Enter Agreement, M&A, Exhibits
8-K 2018-03-16 Other Events, Exhibits
8-K 2018-02-26 Earnings, Exhibits
8-K 2018-02-18 Enter Agreement, Exhibits
8-K 2018-02-01 Enter Agreement, Other Events, Exhibits
8-K 2018-01-29 Other Events, Exhibits

Sun Hydraulics Financials

SNHY Metrics, Comps, Filings

Annual | Quarterly

Business

Sun Hydraulics Corporation, doing business as Helios Technologies ("Helios," the "Company," "we" or "our"), and its wholly-owned subsidiaries, is an industrial technology leader that develops and manufactures solutions for both the hydraulics and electronics markets. On August 6, 2018, we announced the adoption of Helios Technologies as our business name. Sun Hydraulics, LLC ("Sun Hydraulics" or "Sun") (a newly-formed Florida limited liability company that holds the historical net operating assets of the Sun Hydraulics brand entities and Custom Fluidpower Pty Ltd, "Custom Fluidpower" or "CFP"), along with Enovation Controls, LLC ("Enovation Controls") and Faster S.r.l. ("Faster"), are the three wholly-owned operating subsidiaries of Helios Technologies under the new holding company name.

We operate in two business segments, Hydraulics and Electronics. The Hydraulics segment consists of the global Sun Hydraulics companies, Faster, acquired in the second quarter of 2018, and Custom Fluidpower, acquired in the third quarter of 2018. Sun Hydraulics serves the hydraulics market as a leading manufacturer of high-performance screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets. Faster is a leading global manufacturer of quick release hydraulic coupling solutions focused in the agriculture, construction equipment and industrial markets. Custom Fluidpower is a global provider of hydraulic, pneumatic, electronic and instrumentation solutions to a broad range of industries including agriculture, industrial, mining and material handling. The Electronics segment, comprised of Enovation Controls, LLC, is a global provider of innovative electronic control, display and instrumentation solutions for both recreational and off-highway vehicles, as well as stationary and power generation equipment. Our operational organization chart is presented below.

Sun Hydraulics was founded in 1970 and is a wholly owned subsidiary of Helios with its headquarters in Sarasota, Florida. The majority of Sun's manufacturing operations reside in Sarasota with additional operations in the U.K., Germany and South Korea, as well as sales offices in China, India and South America. Enovation Controls, which was acquired on December 5, 2016 and is a wholly owned subsidiary of Helios, was formed in 2009 in connection with the reorganization of Murphy Group, Inc. and EControls Group, Inc. which were founded in 1939 and 1994, respectively. Enovation Controls operates the majority of its manufacturing in Tulsa, OK with sales and engineering capabilities in Texas, the U.K., China and India. Faster, which was acquired on April 5, 2018 and is a wholly owned subsidiary of Helios, was formed in 1951. Headquartered near Milan, Italy, Faster has manufacturing operations co-located with its headquarters as well as in Ohio and India. Additionally, the company has sales offices in China, Brazil and Germany. Helios acquired Custom Fluidpower as a wholly owned subsidiary on August 1, 2018. Custom Fluidpower has eight locations throughout Australia where engineering solutions are provided, four of which operate as value-add distributors. The remaining four locations conduct repair work for hydraulics systems.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Franklin Electric (FELE) 2,134 33% 14.1 8% 1,270 510 1,305 426 96 165 2,316
McDermott (MDR) 1,651 6% -1.2 -29% 9,998 9,204 8,710 512 -2,925 -2,492 3,101
Mueller Industries (MLI) 1,632 15% 10.4 7% 1,417 813 2,483 367 94 195 2,017
Dril-Quip (DRQ) 1,585 29% -15.9 -7% 1,202 105 389 111 -90 -73 1,162
NOW (DNOW) 1,583 20% 13.8 4% 1,849 585 3,147 636 68 113 1,565
Kaiser Aluminum (KALU) 1,570 19% 9.6 7% 1,422 676 1,555 296 99 188 1,804
Mueller Water Products (MWA) 1,527 33% 15.9 4% 1,293 726 955 318 49 116 1,839
Sun Hydraulics (SNHY) 1,431 38% 13.4 6% 1,060 502 565 217 62 131 1,764
Enpro Industries (NPO) 1,353 31% 10.9 2% 1,725 849 1,517 476 39 153 1,669
Mobile Mini (MINI) 1,338 0% 11.6 3% 2,093 1,274 610 0 64 191 2,228
Encore Wire (WIRE) 1,197 15% 8.4 9% 854 102 1,312 195 80 121 1,012
Matthews International (MATW) 1,083 35% 10.2 3% 2,345 1,497 1,552 549 63 199 2,029
Oil States International (OIS) 1,081 18% 13.5 -2% 1,998 578 1,064 192 -43 101 1,367
Constellium (CSTM) 930 0% 3,901 4,015 0 0 0 0 766
Circor (CIR) 910 29% 16.2 -3% 1,713 1,218 1,139 329 -51 96 1,561
NCI Building Systems (NCS) 758 22% 13.4 0% 5,654 4,746 3,482 757 21 299 4,008
Global Brass & Copper Holdings (BRSS) 750 11% 8.0 8% 721 516 1,724 190 61 119 952
Weatherford (WFT) 703 6% -7.0 -35% 6,381 10,770 5,528 308 -2,211 -1,070 7,451
Newpark Resources (NR) 666 13% 9.1 2% 934 368 911 116 20 86 783
Tredegar (TG) 660 9.9 4% 730 342 0 48 26 70 693

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash5134555782746424
Accounts Receivable1614171814263873
Inventory1313141413304286
PP&E576514178748192127
Assets1681752132232424454601,042
Accounts Payable45554101541
Long-Term Debt98
Liabilities2220222519208187511
Stockholders' Equity145155191198222236273531
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue204204205228201197343508
Cost of Revenue125124122134124126206315
Gross Profit798183947771137193
R&D14
SG&A2426273030376694
Tax2018192018131610
Net Income3837384433233247
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating5052476350394977
Cash Investing-21-22-20-18-9-170-16-566
Cash Financing-9-41-8-37-11128-50447