Hammond Power Solutions (TSE:HPS.A) has released an update.
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Hammond Power Solutions reported a 6.9% increase in sales for the third quarter of 2024, driven by strong demand for custom products in emerging sectors like data centers. Despite challenges in standard product markets, the company remains optimistic about future growth, supported by a significant investment in expanding their custom transformer capacity and a strategic acquisition to enhance their North American presence.
For further insights into TSE:HPS.A stock, check out TipRanks’ Stock Analysis page.