Quarter 1, 2013 Financial Results
Posted: Apr 29,2013
Guelph, Ontario, April 24, 2013 – Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type and cast resin transformers and related magnetics, today announced its financial results for the first quarter of 2013.
“Our strong core capabilities, financial strength, as well as our broad geographical and market diversification will serve HPS in weathering the current economic turbulence.” commented Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc.
- International sales growth
- Gross margin growth
- Decrease in net cash used in operating activities
- Solid Balance Sheet