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Q4 2019 Financial Results

Posted: Mar 5,2020

General News  Investor Relations  

QUARTER 4, 2019 FINANCIAL RESULTS

Reports Surge in Net Earnings for Year

HIGHLIGHTS 

  • Record annual sales
  • Industry leading market share growth in North America 
  • Increased margin rates
  • Basic earnings per share from continuing operations of $1.13-up 83% 
  • 2020 dividend increase

Guelph, Ontario, March 5, 2020 – Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type, cast resin transformers, liquid filled and related magnetics, today announced its financial results for the Fourth Quarter of 2019.

FOURTH QUARTER RESULTS
“I am pleased to report that Hammond Power Solution Inc. had one of the best years of financial performance since the creation of the Company.” Bill Hammond Chairman and CEO commented.

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