Hammond Power Solutions announces record Q2 2026 financial results
Gross margin improved to 31.5%, adjusted EPS rose to $2.76, and backlog increased 96.9%.
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Dry-type and oil-filled transformer manufacturer
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In short: Hammond Power Solutions achieved record sales and backlog in 2026, completed a $365 million acquisition, and maintained steady dividends.
Gross margin improved to 31.5%, adjusted EPS rose to $2.76, and backlog increased 96.9%.
The company expanded globally with new plants in Mexico and India, made strategic acquisitions, and ranked top on TSX30 in 2024.
The CAD $365 million deal integrates AEGPS into a new IES business unit, expanding international reach and power conversion capabilities.
Board declared cash dividends payable on June 17, 2026 to shareholders of record June 10, 2026.
Hammond Power Solutions reported adjusted earnings per share of C$2.76 for the second quarter, compared to C$1.72 a year earlier...
Record quarterly sales of $325 million, a 44.7% increase versus Q2 2025; Gross margin improvement from the first quarter of 2026, from 30.1% to 31.5...
Hammond Power Solutions Inc. ("HPS" or the "Company") (TSX: HPS.A) today announced it has completed the previously disclosed acquisition of AEG Power...
In a June 9 report, Sidhu maintained his “Outperform” rating and raised his target on Hammond to $355.00 from $325.00 ...
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