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Hammond Power Solutions Reports Fourth Quarter 2024 Financial Results
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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