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Hammond Power Solutions
Hammond Power Solutions (HPS) investor relations material
Hammond Power Solutions Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary31 Jul, 2026
Executive summary
Achieved record Q2 2026 sales of CAD 324.8 million (USD 324.8 million), up 44.7% year-over-year, driven by strong U.S. and Mexico demand, especially in data centers and industrial electrification.
Gross margin improved to 31.5% from 30.1% in Q1 2026 and 30.7% in Q2 2025, reflecting pricing actions, custom product shipments, and operational improvements.
Backlog remains nearly double year-ago levels (up 96.9% year-over-year), though declined 6.9% sequentially as higher production enabled more order conversion.
Completed the $365M acquisition of AEG Power Solutions post-quarter, expanding technology portfolio and recurring service exposure; integration is a key focus for H2 2026.
Year-to-date sales reached $589.6M, up 38.5% over the prior year, reflecting capacity investments and strategic growth.
Financial highlights
Q2 sales: CAD 324.8 million (USD 324.8 million), up from CAD 224.4 million in Q2 2025; YTD sales: $589.6M (2025: $425.8M).
U.S. and Mexico Q2 sales rose 73% year-over-year; Canada declined 23.7% due to project timing and market softness; India Q2 sales: $7.4M, down 9.9%.
Adjusted EBITDA was $53.2M (16.4% of sales), up from $33.4M (14.9%) last year; YTD adjusted EBITDA was $94M (16.0% of sales).
Adjusted EPS increased to $2.76 from $1.72; basic EPS was $0.79, down from $1.12; reported net earnings were $9.4M, down from $13.4M due to acquisition and FX costs.
Gross margin was 31.5% in Q2 2026, up 80 basis points year-over-year and 140 basis points sequentially.
Outlook and guidance
Entering H2 2026 with expanded manufacturing capacity, broader product portfolio, and continued strong demand in key markets.
Focus remains on integrating AEG, maintaining operational discipline, managing working capital, and executing growth strategies.
Full-year capital expenditures are expected to be between $35 million and $40 million.
No further significant pricing changes anticipated for the rest of the year.
Explain sequential backlog decline drivers
Address factors behind Canadian revenue softness
Detail AEG acquisition impact on H2 results
Manufacturing footprint expansion strategy
AEG role in 800v DC data center architectures
Structural vs cyclical factors in Canada
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Latest events from Hammond Power Solutions
- Record sales, margin expansion, and strategic investments drive strong outlook for 2025.HPS
Q4 20249 Jul 2026 - Revenue up 14% and backlog up 28% as data center orders drive growth despite margin pressure.HPSQ3 20258 Jul 2026
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- Record Q1 sales and backlog growth driven by U.S. and data center demand, with margin gains.HPSQ1 20266 May 2026
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Next Hammond Power Solutions earnings date
Q3 202629 Oct, 2026
Hammond Power Solutions
Next Hammond Power Solutions earnings date
Q3 202629 Oct, 2026
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excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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