Business
Hammond Power Solutions Reports Fourth Quarter 2025 Financial Results
(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Onta...
About this update from Hammond Power Solutions Inc. Class A
[{"type":"text","content":"Hammond Power Solutions Reports Fourth Quarter 2025 Financial Results\n(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, March 19, 2026 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS” or the “Company”) (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 2025. QUARTERLY HIGHLIGHTS: Record annual sales of $898 million, a 13.9% increase versus 2024;Quarterly adjusted EBITDA of $38.7 million, or 13.5% of sales;Record annual adjusted EBITDA of $133.3 million, or 14.8% of sales; Quarterly adjusted earnings per share of $1.98. Earnings per share of $1.28;Annual adjusted earnings per share of $6.81. Earnings per share of $6.07;Backlog is 122% higher than Q4 2024 “HPS delivered a strong finish to 2025, with fourth quarter sales of $254.1 million and record annual sales of $898.3 million, an increase of 13.9% over 2024,” said Adrian Thomas, Chief Executive Officer of Hammond Power Solutions. “Growth was driven by continued strength in the U.S., particularly in private label and custom-engineered solutions supporting data centre expansion, infrastructure investment and industrial electrification. Custom and higher-value solutions continued to outpace standard products, reflecting sustained demand for resilient power systems.” “Our backlog at December 31, 2025 increased 122% year over year and 74% sequentially, providing meaningful revenue visibility entering 2026. With expanded capacity in Mexico and operational improvements across our footprint, we are positioned to convert this demand efficiently. These investments strengthen our ability to support customers across electrification and digital infrastructure markets as they continue to scale.” GeographyQuarter 4,2025Quarter 4,2024$ Change% ChangeYTD2025YTD2024$Change% Change         U.S. & Mexico*175,419 140,89434,525 24.5%631,921534,88897,033 18.1%Canada72,374 58,32414,050 24.1%233,981215,39418,587 8.6%India6,299 9,258(2,959)(32.0%)32,35338,058(5,705)(15.0%)Total254,092$208,47645,616 21.9%898,255788,340109,915 13.9%      
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