Strong Quarter – Increased Sales, Backlog, Earnings and Dividend
- 20% sales growth
- 20% backlog rise
- 33% lift in earnings
- 17% dividend increase
- EPS from continuing operations of $0.21
Guelph, Ontario, April 25, 2019 – 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 of the First Quarter of 2019.
Bill Hammond commented, “Bookings continue to hover at historically high levels and quotation activity has accelerated. We continue to deliver double digit growth rates in both countries and despite a competitive marketplace, margins are strengthening.”