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Quarter 3, 2020 Financial Results

Posted: Oct 22,2020

Category: | Investor Relations  

Hammond Power Solutions Inc. Announces Quarter 3, 2020 Financial Results

HIGHLIGHTS

  • Earnings increase despite sales decline due to COVID-19
  • Strong gross margin rate
  • Earnings per share up 11% for the quarter and 19% year-to-date
  • Strong cash flow
  • Solid cash generation
  • Quarterly dividend paid with attractive yield 

Guelph, Ontario, October 22, 2020 – 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 Third Quarter of 2020. 

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