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HPS Announces Q1 2012 Financial Results – Revenues and Earnings Surge

Posted: Apr 27,2012

Investor Relations  

Guelph, Ontario – Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry type, cast coil and oil filled transformers and related magnetics, today announced its financial results for the first quarter 2012.

“I am pleased with our results for the first quarter of 2012. The strong momentum of growth that has been building over the last eight months has generated much improved financial results compared to the same quarter in 2011” commented Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc.

Highlights

  • Record sales of $66,000
  • Sales growth of $13,000 or 24%
  • Net Earnings increase of $950 or 60%
  • Basic earnings per share increase of .08 cents or 57%

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