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 Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

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) 2,175 33% 15.1 8% 1,237 462 1,311 431 100 153 2,301
McDermott (MDR) 364 2% -0.3 -55% 8,754 9,863 8,542 180 -4,791 -4,589 1,580
Mueller Industries (MLI) 1,673 16% 10.9 7% 1,403 778 2,446 386 104 184 2,004
Dril-Quip (DRQ) 1,967 29% -33.5 -7% 1,206 113 404 116 -81 -46 1,554
NOW (DNOW) 1,328 20% 13.2 3% 1,790 523 3,076 618 58 92 1,215
Kaiser Aluminum (KALU) 1,534 20% 9.5 7% 1,426 675 1,541 306 101 180 1,719
Mueller Water Products (MWA) 1,733 33% 14.8 5% 1,337 745 968 321 64 135 2,008
Sun Hydraulics (SNHY) 1,432 38% 17.2 6% 1,021 463 567 218 63 101 1,738
Enpro Industries (NPO) 1,440 31% 21.6 1% 2,070 1,165 1,502 467 13 94 2,026
Mobile Mini (MINI) 1,656 0% 14.4 3% 2,093 1,287 614 0 73 177 2,551
Encore Wire (WIRE) 1,177 14% 9.7 8% 870 102 1,292 183 73 100 973
Matthews International (MATW) 1,128 35% 21.5 -2% 2,191 1,471 1,537 542 -38 95 2,033
Oil States International (OIS) 772 19% 26.0 -3% 1,934 548 1,053 196 -56 39 1,023
Constellium (CSTM) 930 0% 3,901 4,015 0 0 0 0 766
Circor (CIR) 731 30% -30.5 -11% 1,468 1,093 1,078 319 -156 -43 1,301
NCI Building Systems (NCS) 758 22% 10.0 0% 5,708 4,781 4,219 934 10 394 3,943
Global Brass & Copper Holdings (BRSS) 750 11% 8.9 8% 721 516 1,724 190 61 107 952
Weatherford (WFT) 703 6% 0.2 -37% 6,324 3,914 5,398 308 -2,331 -1,651 -288
Newpark Resources (NR) 708 12% 12.7 2% 913 353 878 108 15 65 822
Tredegar (TG) 647 5.9 11% 731 333 0 48 78 114 670

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash50535153535134414246555572665762727782901001107470798164199301624171314
Accounts Receivable23201622221814192118172423201821201714192018263840413847747873818277
Inventory12121314141313131213141415141413121213131213303238444241778886899789
PP&E53555757585913566717414176777716276767516573727117379788119494114123234145147144
Assets1561631681811871961751851952052132242392452232302372402422532572624454504694774606049921,0091,0421,0481,0601,021
Accounts Payable5546545556576656654656101516171517393641414235
Long-Term Debt19899354339346319
Liabilities2121222421222023232322222352252623211923222220820221320818779489482511507502463
Stockholders' Equity135141145157166175155162172182191202216193198204214219222231235239236247257269273525503527531541558558
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue555346555949435156492055768555554544844515145508189888497136136139147144138
Cost of Revenue33322933352927313230303335333333333028313230334951525560948486908886
Gross Profit22211722241916212320192426222221211816201916173356362938505253575652
R&D444
SG&A65678677777778777788981215221718182525262524
Tax563595-3359546655554244315654486553
Net Income10116111197101288111210101098587531071131271216161713
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating16121212161211121310101720161415139101171291711151320625
Cash Investing-8-10-6-8-124-2-9-8-1-50-196-2-3-3-202-1751-2-5-10-4-16-9-6-2
Cash Financing-2-2-5-2-2-31-2-2-2-2-5-2-2-28-2-5-2-2-3-2136-19-2-10-19122-11-18-4-27