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Source document· March 19, 2026

Hammond Power Solutions Reports Fourth Quarter 2025 Financial Results

View original at finance.yahoo.com
Hammond Power Solutions Reports Fourth Quarter 2025 Financial Results Hammond Power Solutions Inc (Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, March 19, 2026 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc…
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  • HPS delivered a strong finish to 2025, with fourth quarter sales of $254.1 million and record annual sales of $898.3 million, an increase of 13.9% over 2024

    60% confidence

  • Capital spending during the year was $35 million, which was at the low end of our projected range, and we completed some key capacity initiatives that will allow us to begin shipping large projects in the first quarter of 2026

    60% confidence

  • Backlog at December 31, 2025 increased 122% year over year and 74% sequentially, providing meaningful revenue visibility entering 2026

    60% confidence

  • Growth was driven by continued strength in the U.S., particularly in private label and custom-engineered solutions supporting data centre expansion, infrastructure investment and industrial electrification

    60% confidence

  • With expanded capacity in Mexico and operational improvements across our footprint, we are positioned to convert this demand efficiently

    60% confidence

  • Working capital improved during the quarter, and as a result, so did our net cash position

    60% confidence

  • We delivered a strong quarter to complete the year. EBITDA margins recovered in the quarter versus the third quarter primarily due to the record revenue recorded

    60% confidence

  • Custom and higher-value solutions continued to outpace standard products, reflecting sustained demand for resilient power systems

    60% confidence
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