Quarter 2, 2018 Financial Results – Challenging Quarter Due to Market Erosion and Extraordinary Business Disruption Costs in Europe

Posted:
Jul. 25 2018
Category:
General News,Investor Relations

Guelph, Ontario, July 25, 2018 – 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 2018.

Bill Hammond commented, “The weakening in margin rates can be attributed to selling price pressures, fluctuating commodity costs and sales mix.  On a positive note we continue to achieve growth in our North American sales and bookings.”

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