HPS Announces Quarter 3 2025 Financial Results
November 4, 2025
Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A), a leading manufacturer of dry-type transformers, power quality products and related magnetics, has announced its financial results for the third quarter 2025.
QUARTERLY HIGHLIGHTS:
• Sales of $218 million in the quarter, a 13.7% increase vs quarter 3, 2024;
• Adjusted EBITDA of $30 million, or 13.9% of sales;
• Gross margin of $66 million or 30.1% of sales;
• Net earnings of $17.4 million;
• Adjusted earnings per share of $1.56. Earnings per share of $1.46;
• Backlog is 27.7% higher than the beginning of the year;
• Significant data centre project orders booked subsequent to quarter-end.
“HPS delivered another strong quarter in Q3 2025, generating $218 million in revenue, our second highest quarter for
shipments ever. The U.S. market delivered strong distribution and private label sales, offsetting a softer Canadian market,” said Adrian Thomas, CEO of Hammond Power Solutions. “While material cost inflation and overhead costs relating to our new facilities in Mexico have pressured margins, recent sales developments give us confidence in the quarters ahead.
Data centre activity accelerated in the quarter, and we are pleased to note that substantial orders were received shortly after its close, amounting to 53% of the Q3 closing backlog. These orders are expected to be shipped primarily in 2026 and from our new facilities in Mexico, which will be reconfigured with additional equipment to support this new volume.”
More Information
Download the complete press release here
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Hammond Power Solutions Included in 2025 TSX30 Ranking
Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers and power quality solutions, announced their inclusion in the 2025 TSX30 ranking, highlighting the top-performing companies on the Toronto Stock Exchange.
“We are focused on growing our business by working together with our customers to help them simplify electrification,” said Adrian Thomas, CEO, Hammond Power Solutions. “Receiving recognition again as a top performer in the 2025 TSX30 is a great honor and a mark of success that we are delivering on our mission.”
