Hammond Power Solutions Achieves Record Sales in Q4 2024

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Hammond Power Solutions Achieves Record Sales in Q4 2024

Hammond Power Solutions ( ($TSE:HPS.A) ) has provided an announcement.

Hammond Power Solutions reported record sales of $208 million for the fourth quarter of 2024, marking an 11.5% increase from the previous year, with significant growth in custom and configured products. Despite some late-year charges related to acquisitions and investments, the company achieved a record earnings per share of $1.99 for the quarter, reflecting strong operational performance and strategic capacity expansions that are expected to support continued growth into 2025.

More about Hammond Power Solutions

Hammond Power Solutions Inc. (HPS) is a leading manufacturer in the electrical industry, specializing in dry-type transformers, power quality products, and related magnetics. The company operates with a strong market presence in Canada, India, and the United States, focusing on custom and configured products for various sectors including commercial construction, data centers, and mining.

YTD Price Performance: -35.27%

Average Trading Volume: 4,940

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $680.7M

For a thorough assessment of HPS.A stock, go to TipRanks’ Stock Analysis page.

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