HPS Announces Q1 2009 Financial Results – Positive Revenue and Earnings Trends Continue
Posted: Apr 20,2009
Guelph, Ontario, – Hammond Power Solutions Inc., (“HPS”) (TSX: HPS.A) today announced results for the First Quarter 2009.
Sales for the quarter ended March 28, 2009 were $54,845 up $6,489 or 13.4% from the comparative quarter last year.
“HPS has continued to grow its sales and market share through the U.S. electrical distributor channel. Due to our dominant position in the Canadian market, we have maintained solid sales levels in our business. Our strategies of geographical, market and channel diversification have helped HPS weather this economic storm and will position us very positively when this recession is over. HPS continues to expand its market share of the electrical distributor channel in both the United States and Canada” said Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc.