Hammond Power Solutions Reports First Quarter 2026 Financial Results

(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, May 05, 2026 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the first quarter 2026. QUARTERLY HIGHLIGHTS: Record quarterly sales of $265 million, a 31.5% increase versus Q1 2025; Gross margin improvement from the fourth quarter 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.