HPS Announces Q4 2011 Financial Results – Gaining Momentum
Posted: Mar 12,2012
Guelph, Ontario, April 27, 2012 – Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry type, cast coil, oil filled transformers and magnetics, today announced its financial results for the first quarter 2012.
“We ended the year with strong momentum of sales and margins, as well as the biggest backlog we have ever had going into a new year.” commented Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc.
- Revenue growth of $13,000 or 28%
- Earnings from operations increase of $1,400 or 33%
- Order bookings increase of 28%
- Order backlog increase of 46%