Quarter 3 2025 Financial Results
Posted: Oct 23,2025
Investor Relations
GUELPH, Ontario, Oct. 23, 2025 -- Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A), a leading
manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for
the third quarter 2025.
QUARTERLY HIGHLIGHTS:
• Sales of $218 million in the quarter, a 13.7% increase vs quarter 3, 2024;
• Adjusted EBITDA of $30 million, or 13.9% of sales;
• Gross margin of $66 million or 30.1% of sales;
• Net earnings of $17.4 million;
• Adjusted earnings per share of $1.56. Earnings per share of $1.46;
• Backlog is 27.7% higher than the beginning of the year;
• Significant data centre project orders booked subsequent to quarter-end.
“HPS delivered another strong quarter in Q3 2025, generating $218 million in revenue, our second highest quarter for
shipments ever. The U.S. market delivered strong distribution and private label sales, offsetting a softer Canadian market,” said
Adrian Thomas, CEO of Hammond Power Solutions. “While material cost inflation and overhead costs relating to our new
facilities in Mexico have pressured margins, recent sales developments give us confidence in the quarters ahead. Data centre
activity accelerated in the quarter, and we are pleased to note that substantial orders were received shortly after its close,
amounting to 53% of the Q3 closing backlog. These orders are expected to be shipped primarily in 2026 and from our new
facilities in Mexico, which will be reconfigured with additional equipment to support this new volume.”
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manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for
the third quarter 2025.
QUARTERLY HIGHLIGHTS:
• Sales of $218 million in the quarter, a 13.7% increase vs quarter 3, 2024;
• Adjusted EBITDA of $30 million, or 13.9% of sales;
• Gross margin of $66 million or 30.1% of sales;
• Net earnings of $17.4 million;
• Adjusted earnings per share of $1.56. Earnings per share of $1.46;
• Backlog is 27.7% higher than the beginning of the year;
• Significant data centre project orders booked subsequent to quarter-end.
“HPS delivered another strong quarter in Q3 2025, generating $218 million in revenue, our second highest quarter for
shipments ever. The U.S. market delivered strong distribution and private label sales, offsetting a softer Canadian market,” said
Adrian Thomas, CEO of Hammond Power Solutions. “While material cost inflation and overhead costs relating to our new
facilities in Mexico have pressured margins, recent sales developments give us confidence in the quarters ahead. Data centre
activity accelerated in the quarter, and we are pleased to note that substantial orders were received shortly after its close,
amounting to 53% of the Q3 closing backlog. These orders are expected to be shipped primarily in 2026 and from our new
facilities in Mexico, which will be reconfigured with additional equipment to support this new volume.”
View Complete Press Release