8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

April 29, 2005

Date of Report (Date of Earliest Event Reported)

HELIX TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-6866	04-2423640
(Commission File Number)	(I.R.S. Employer Identification No.)
Mansfield Corporate Center
Nine Hampshire Street
Mansfield, Massachusetts	02048-9171
(Address of Principal Executive Offices)	(Zip Code)

(508) 337-5500
(Registrant's Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

HELIX TECHNOLOGY CORPORATION

Item 2.02.  Results of Operations and Financial Condition.

On April 29, 2005, Helix Technology Corporation (the "Company") announced via press release the Company's results for its first quarter 2005.

A copy of the press release is furnished herewith as Exhibit 99. Exhibit 99 is furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01.  Financial Statements and Exhibits.

(c) Exhibits

99  Press Release issued by Helix Technology Corporation dated April 29, 2005

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  April 29, 2005	By:  /s/ James Gentilcore
	James Gentilcore
	President and
	Chief Executive Officer

HELIX TECHNOLOGY CORPORATION

EXHIBIT INDEX

Exhibit
Number	Description of Exhibit
99	First Quarter 2005 Earnings Release dated April 29, 2005

EX-99

NEWS RELEASE

Contact:  Beverly L. Couturier
(508) 337-5111

HELIX REPORTS FIRST QUARTER RESULTS

MANSFIELD, MASSACHUSETTS, April 29, 2005... Helix Technology Corporation (Nasdaq: HELX) today announced financial results for the first quarter ended April 1, 2005. Net income for the quarter was $1.7 million, or $0.07 per diluted share, compared with net income of $4.7 million for the first quarter of 2004, or $0.18 per diluted share. Sales for the first quarter of 2005 were $38.9 million, compared with $40.4 million a year ago, and $34.9 million in the fourth quarter of 2004. Sales for the first quarter of 2005 include approximately $3.8 million attributable to Helix's Polycold subsidiary, which was acquired on February 15, 2005.

Commenting on first quarter results, Helix President and Chief Executive Officer, James Gentilcore, said, "Financial performance for the quarter reflects a sequential increase in revenue performance, slightly higher than our expectations, and gross margin improvement from our continued focus on manufacturing operations. While Polycold Systems contributed the majority of the revenue growth, it was encouraging to see a slight increase from our other operations.

Higher operating expenses were due primarily to the cost of Sarbanes-Oxley 404 compliance, and the inclusion of Polycold's expenses since the February 15th close. Other operating expenses continue to reflect the control that we have demonstrated throughout the business cycle; and cash generation, after consideration for the Polycold acquisition price, contributed significantly to our balance sheet performance.

With the Polycold integration fully underway, we are pleased to see that the potential that attracted us in the first place is closer to realization, and they are continuing to meet the high standards of Helix and our customers."

Helix Technology Corporation is a global leader in the development and application of innovative solutions in the field of vacuum technology. Our CTI-Cryogenics, Granville-Phillips and Polycold product offerings provide a broad range of components and subsystems that are key to the manufacture of semiconductors, flat panel displays and data storage devices. In addition, our highly regarded Global Support activity provides critical ongoing operational support services to semiconductor device producers throughout the world.

This press release contains forward-looking statements, including statements regarding the future performance of the Company's business and the semiconductor capital equipment industry, which are subject to a number of important factors that may cause actual results to differ materially from those indicated. These factors include, among others; the successful integration of Polycold into the operations of Helix, market acceptance of and demand for the Company's products, the success of the Company's strategic initiatives, including its global support operations, the health of the global semiconductor capital equipment market and the timing and scope of any change in industry conditions, the Company's success in sustaining order bookings, and other risks contained in Exhibit 99.1 to the Company's Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this press release.

Tables on Page 2

Page 2

HELIX REPORTS FIRST QUARTER RESULTS

CONSOLIDATED INCOME STATEMENTS
	First Quarter
	(unaudited)
(in thousands except per share amounts)		2005		2004
Net sales	$	38,896	$	40,376
Costs and expenses:
Cost of sales		23,300		24,576
Research and development		2,907		2,586
Selling, general and administrative		10,582		8,326
		36,789		35,488
Operating income		2,107		4,888
Joint venture income		474		595
Interest and other income		121		215
Income before taxes		2,702		5,698
Income tax provision		973		1,026
Net income	$	1,729	$	4,672
Net income per share:
Basic	$	0.07	$	0.18
Diluted	$	0.07	$	0.18
Number of shares used in per share calculations:
Basic		26,115		26,103
Diluted		26,168		26,243

SUMMARY BALANCE SHEETS
		(unaudited)	(audited)
(in thousands)		April 1, 2005	December 31, 2004
Assets
Cash, cash equivalents, and investments (1)	$	28,204	$	76,336
Accounts receivable		27,653		24,100
Inventories		23,089		21,595
Other current assets		11,315		12,044
Fixed and other assets		37,161		35,489
Goodwill and intangible assets, net		43,618		-----
Total Assets	$	171,040	$	169,564
Liabilities and Stockholders' Equity
Total liabilities	$	28,614	$	25,423
Stockholders' equity		142,426		144,141
Total Liabilities and Stockholders' Equity	$	171,040	$	169,564

(1)  On February 15, 2005, we paid approximately $49.2 million in cash for our acquisition of Polycold Systems Inc., plus transaction-related tax payments and transaction costs.

The Company's quarterly report on Form 10-Q
is available to any stockholder upon request.