HPS increases its quarterly dividend by 5.5%
The board declared $0.29 per share payable on September 24, strengthening shareholder returns.
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Transformer and engineered magnetic component manufacturer
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In short: Hammond Power Solutions completed the C$365 million acquisition of AEG Power Solutions and reported record-breaking financial results.
The board declared $0.29 per share payable on September 24, strengthening shareholder returns.
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.
Hammond Power Solutions (TSX:HPS.A) could offer investors an interesting way to tap into booming data centre infrastructure spending as demand for its electrical equipment accelerates.
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Hammond Power Solutions reported adjusted earnings per share of C$2.76 for the second quarter, compared to C$1.72 a year earlier...
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