Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s): HMDPF

Industrials

Hammond Power Solutions Inc. is a Canada-based company, which enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. The Company's standard and custom-designed products are essential in electrical distribution networks through an extensive range of end user applications. The Company has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe. Its products include power transformers, furnace transformers, converter transformers, regulating transformers, multi-pulse transformers, distribution transformers, pad mounted transformers and unitized substations. Its converter transformers are used in industries such as cement and steel plants, and other related applications. It serves various industries, including renewable energy, commercial infrastructure and industrial markets. It offers a variety of transformer and reactor solutions for the solar and wind energy market.

TSX:HPS.A - Post by User

Hammond Power Solutions Inc > HPS Q2

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Post by Catscratchon Aug 01, 2023 6:40pm

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Post# 35567847

HPS Q2

Another great quarter for Hammond.

- Record revenue $172.4M, +25.4%
- EBITDA $21.4M, + 75.4%
- Backlog up 44.4% over Q2/22 and up 5.0% over Q1/23

In addition to the growing backlog it sounds like they will have improved capacity in the second half of the year with recent capex investments. Hopefully they can also continue to improve margins with pricing increases, product mix and FX.

I'd expect $90 - $100M EBITDA this year... which should translate to a $75+ share price.

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