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Hammond Power Solutions Reports Fourth Quarter 2024 Financial Results

(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, March 20, 2025 (GLOBE NEWSWIRE) — 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 fourth quarter 2024. HIGHLIGHTS Record sales of $208 million in […]



Hammond Power Solutions reported record Q4 2024 sales of $208 million, an 11.5% increase year-over-year, with adjusted EBITDA of $32,548 (15.6% of sales). Gross margin was 32.7% for the quarter and 32.8% year-to-date. Net earnings reached $23.7 million ($1.99 per share) for Q4 and $71.5 million ($6.01 per share) year-to-date. Strong shipments were seen in Canada, India, and the United States.

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