Quarter 2 2025 Financial Results
Posted: Jul 24,2025
Investor Relations
GUELPH, Ontario, July 24, 2025 -- Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the second quarter 2025.
HIGHLIGHTS
- Record sales of $224 million in the quarter, a 13.8% increase vs quarter 2, 2024.
- Adjusted EBITDA of $33 million in the quarter, or 14.9% of sales.
- Gross margin was $68 million or 30.7% of sales.
- Net earnings of $13.4 million in the quarter, significantly impacted by share-based compensation.
- Adjusted earnings per share of $1.72. Earnings per share of $1.12.
- Due to record sales, backlog is lower by 8% vs the first quarter of 2025 but remains 9% higher vs the end of 2024.
We are pleased to share that HPS delivered another strong quarter in Q2 2025, achieving record sales and solid profits despite navigating some cost headwinds. Our quarterly revenue reached approximately $224 million, marking a new record quarter with 14% growth compared to Q2 2024. Our gross margin was slightly lower than the previous year due to rising input costs and further investments in our manufacturing footprint.”, said Adrian Thomas, CEO of Hammond Power Solutions. “Our new production facility in Mexico is complete and we will start shipments later this year. We are also proud to announce that we were awarded Great Place to Work for all of our facilities globally. This honour means a lot to us and reaffirms our belief that our employees are at the core of our success.”