Quarter 2, 2020 Financial Results
Posted: Jul 23,2020
Investor Relations General News
Hammond Power Solutions Inc. Announces Quarter 2, 2020 Financial Results
HIGHLIGHTS
- Earnings growth despite sales decline due to Covid-19
- Solid gross margin rate
- EPS from continuing operations up 31% for the quarter and 12% year-to-date
- Strong cash flow, low net operating debt
Guelph, Ontario, July 23, 2020 – Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type and cast resin transformers and related magnetics, today announced its financial results for the Second Quarter of 2020.