Quarter 4 2020 Financial Results
Posted: Mar 5,2021
Guelph, Ontario, March 4, 2021 – Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type, cast resin , liquid-filled transformers and related magnetics, today announced its financial results for the Fourth Quarter of 2020.
“In a year dominated by challenges and uncertainty presented by the COVID-19 pandemic, our primary focus shifted to the health and well being of our employees and customers. Beyond our priority on people in 2020, we were able to fortify the underlying business by growing our North American market share, increasing our gross margins, and gaining sales from new products,” said Bill Hammond, Chairman and CEO of Hammond Power Solutions.