HPS Announces Q3 2012 Financial Results
Posted: Oct 31,2012
Guelph, Ontario – Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry type, cast coil and oil filled transformers and related magnetics, today announced its financial results for the third quarter of 2012.
“Sales increased by 15% compared to the same quarter in 2011, while gross margin dollars grew 18% during that same period. This was accomplished during a time of growing uncertainty in the U.S. and global economies which makes us especially proud of our continuing strong performance” commented Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc.
- Revenue growth
- Gross margin growth
- Net earnings growth