Quarter 1 2026 Financial Results for Hammond Power Solutions
June 15, 2026
Quarter 1 2026 Financial Results for Hammond Power Solutions
Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, announced its financial results for the first quarter 2026 on May 5, 2025.
QUARTERLY HIGHLIGHTS:
- Record quarterly sales of $265 million, a 31.5% increase versus Q1 2025;
- Gross margin improvement from Q4 of 2025, from 29.2% to 30.1%
- Quarterly adjusted EBITDA of $41 million, or 15.5% of sales;
- Quarterly adjusted earnings per share of $2.08, an increase of 29.7% versus Q1 2025;
- Backlog is 94.6% higher than Q1 2025
“HPS delivered a strong first quarter, with record sales driven by continued strength in the U.S. and Mexico, particularly in custom product shipments and data centre-related activity,” said Adrian Thomas, Chief Executive Officer of HPS. “Demand across our core end markets remained healthy, and even with our record shipments, we maintained backlog growth of 4.1% from year-end 2025, giving us continued visibility as we move through the balance of the year. The start-up of our newest factory in Mexico, which began shipping in the first quarter, is also an important step in supporting future growth and expanding our ability to serve customers across our markets.”
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Hammond Power Solutions Appoints Aaron Karr as Regional Sales Manager
Hammond Power Solutions (HPS), a leader in dry-type transformers and power quality solutions, is pleased to announce the appointment of Aaron Karr as Regional Sales Manager for Southwestern Ontario. In this role, Aaron will support customers and distributor partners across the region, with a focus on driving growth, providing education, and advancing marketing efforts toward more sustainable, forward-looking solutions.
Aaron brings more than 20 years of experience in the electrical industry, with a strong background in outside sales and channel development. He began his career with Westburne Electric Supply before joining Hammond Manufacturing, where he spent 14 years supporting distributor partners and end users throughout Southwestern Ontario.