HPS Quarter 4 2012 Financial Results
Posted: Mar 12,2013
Guelph, Ontario – 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 fourth quarter of 2012.
“We are pleased to report strong financial results for Quarter 4, 2012 and the year and take great pride in the significant accomplishments that we have made. We ended the year with strong momentum.” commented Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc.
- Net Earnings increase of 110% for the year and 35% for the quarter
- Continued sales growth
- Gross margin gains
- Excellent cash generation
- Low debt
- Solid Balance Sheet