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HPS Announces Q3 2012 Financial Results

Posted: Oct 31,2012

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 third quarter of 2012.

“Sales increased by 15% compared to the same quarter in 2011, while gross margin dollars grew 18% during that same period.  This was accomplished during a time of growing uncertainty in the U.S. and global economies which makes us especially proud of our continuing strong performance” commented Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc.

Highlights

  • Revenue growth
  • Gross margin growth
  • Net earnings growth

View Complete Press Release

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