Quarter 1, 2020 Financial Results
Posted: Apr 23,2020
Investor Relations General News
Reports solid Quarter 1, 2020 Financial Results
- Sales growth
- Solid gross margin rates
- Strong earnings
- EPS from operations of $0.18
- 21% dividend increase
Guelph, Ontario, April 23, 2020 – 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 2020.
“Contrary to the seriousness of the threat posed by COVID-19, HPS is pleased to report that we started the year with positive momentum, delivering solid financial results in Quarter 1, 2020, even in comparison to our record breaking results of 2019. Under the current circumstances, we are very proud of these results.” Bill Hammond commented.