Hammond Power Solutions (OTC) (TSE:HPS.A) has released an update.
Hammond Power Solutions Inc. reported a robust start to 2024, with a record first-quarter sales increase of 11.4% to $190 million and a gross margin of 31.7%. The company’s adjusted EBITDA rose by 6% from the previous year, reflecting strong demand across various sectors, including commercial construction and electric vehicle charging. Despite the overall positive performance, net earnings were influenced by substantial share-based compensation expenses.
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