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HPS Announces Q2 2012 Financial Results – Momentum Continues

Posted: Jul 26,2012

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 second quarter of 2012.

“I am pleased to report a robust Quarter 2, 2012 in terms of both sales and profit growth for Hammond Power Solutions Inc. As we know, the global economy has become increasingly challenging as the year has progressed, making our financial and market share performance even more gratifying.” commented Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc.

Highlights

  • Revenue growth of 25%
  • Net Income growth of 312%
  • Order backlog increase of 19%

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