Sarasota manufacturer reports $10M revenue loss from hurricanes

Helios Technologies also says there were $3 million in recovery expenses after three fall storms.

By Elizabeth King
| 2:40 p.m. November 6, 2024
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Hurricane debris was piled up outside the Sun Hydraulics plant on University Parkway on Oct. 15. The facility is still being repaired as of Nov. 6.

Manatee-Sarasota

Sarasota-based hydraulic cartridge valve manufacturer Helios Technologies estimates it lost $10 million in revenue due to the fall hurricanes and incurred about $3 million in recovery expenses. Corporate leadership shared the figures during the company’s third-quarter earnings call Nov. 6.

“Over the course of a two-month period, we faced three hurricanes here in Florida, two within two weeks of each other, including a direct hit to Sarasota by Category 3 Hurricane Milton,” says Helios Interim President, CEO and CFO Sean Bagan.