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Quarter 2, 2020 Financial Results

Posted: Jul 23,2020

Category: | 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.

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