Hammond Power Solutions Inc. (T:HPS.A)
Business Focus: Heavy Electrical Equipment (NEC)
| Sector: Industrials | Industry: Heavy Electrical Equipment |
| Company Contact | |
| Address: | 595 SouthgateDrive GUELPH ON N1G 3W6 |
| Tel: | N/A |
| Website: | https://asia.hammondpowersolutions.com |
| IR: | See website |
| Key People | ||
| William G. Hammond Executive Chairman of the Board | Adrian Thomas Chief Executive Officer, Director | Richard C. Vollering Chief Financial Officer, Corporate Secretary |
| Bob Yusyp Chief Operating Officer | Catherine Mckeown Chief People Officer | David Kinsella Chief Commercial Officer |
| Business Overview |
| Hammond Power Solutions Inc. is a manufacturer of dry-type transformers in North America. It is engaged in engineering and manufacturing a range of standard and custom transformers that are exported in electrical equipment and systems. It enables electrification through its range of dry-type transformers, power quality products and related magnetics. Its standard and custom-designed products are essential and ubiquitous in electrical distribution networks through a range of end-user applications. Its products include power transformers, furnace transformers, converter transformers, unitized substations, control & automation products, low voltage distribution products, medium voltage distribution products and others. It supports solid industries, such as oil and gas, mining, steel, waste and water treatment, commercial construction, data centers and wind power generation. It has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Hammond Power Solutions Inc. revenues increased 27% to C$710.1M. Net income increased 41% to C$63.4M. Revenues reflect United States segment increase of 40% to C$489.6M, India segment increase of 85% to C$44.9M. Net income benefited from Interest expense - Line of Credit decrease of 42% to C$925K (expense), Other decrease of 84% to C$127K (expense). |
| Employees: | 1,883 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,231M as of Dec 31, 2023 |
| Annual revenue (TTM): | $710.06M as of Dec 31, 2023 |
| EBITDA (TTM): | $97.40M as of Dec 31, 2023 |
| Net annual income (TTM): | $63.40M as of Dec 31, 2023 |
| Free cash flow (TTM): | $17.01M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 11,904,924 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
