Quarter 2 2026 Financial Results

GUELPH, Ontario, July 30, 2026 (GLOBENEWSWIRE) -- 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 second quarter 2026.

QUARTERLY HIGHLIGHTS:

• Record quarterly sales of $325 million, a 44.7% increase versus Q2 2025;
• Gross margin improvement from the first quarter of 2026, from 30.1% to 31.5%;
• Quarterly adjusted EBITDA of $53 million, or 16.4% of sales. Year-to-date adjusted EBITDA of $94 million or 16.0% of sales;
• Quarterly adjusted earnings per share of $2.76. Earnings per share of $0.79. Year-to-date adjusted earnings per share of $4.81 and earnings per share of $2.43;
• Backlog is 96.9% higher than Q2 2025.

“The second quarter was an outstanding quarter for HPS, with record sales, improved margins and strong execution across our operations,” said Adrian Thomas, Chief Executive Officer. “Demand in the U.S. market continues to be driven by data centre investment, electrification and power infrastructure spending, and our expanded manufacturing footprint is allowing us to support that growth more effectively.

Despite record shipments, our backlog remains at historic levels and supports continued utilization of our capacity investments. We also saw positive margin uplifts from higher custom product mix, flow through of previous pricing actions and operational improvements.”

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