Quarter 2, 2021 Financial Results
Posted: Jul 22,2021
Guelph, Ontario, July 22, 2021 – 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 Second Quarter of 2021.
“Over the last five years we have invested heavily in our distributor network, doubling its size, diversifying the product offering and significantly expanding our sectoral reach,” said Bill Hammond, Chairman and CEO of Hammond Power Solutions. “Hammond is experiencing a resurgence in business activity across all sectors which is underpinned by the strength in our network. Our leading market position in this economic recovery phase and focus on quality have accelerated our growth as we gain footholds in new markets including, solar, energy storage, and electric vehicle charging. We are also seeing strength in the more cyclical sectors we have traditionally served, including mining and oil and gas markets, driven higher by the recovering global economy and ongoing consumption of resources.”