Quarter 3, 2020 Financial Results
Posted: Oct 22,2020
Investor Relations
Hammond Power Solutions Inc. Announces Quarter 3, 2020 Financial Results
HIGHLIGHTS
- Earnings increase despite sales decline due to COVID-19
- Strong gross margin rate
- Earnings per share up 11% for the quarter and 19% year-to-date
- Strong cash flow
- Solid cash generation
- Quarterly dividend paid with attractive yield
Guelph, Ontario, October 22, 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 Third Quarter of 2020.