Quarter 3, 2014 Financial Results
Posted: Oct 24,2014
Guelph, Ontario, October 23, 2014 – 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 third quarter of 2014.
Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc. commented, “2014 has indeed been a challenging year. We have recently made a number of changes to our cost structures as well as areas of focus to improve short term sales and profits in this slow and competitive environment. We are also benefiting from our geographical and channel diversification which will broaden our growth opportunities both in North America and abroad today and in the future.”