)
Hammond Power Solutions (HPS) investor relations material
Hammond Power Solutions Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q1 sales of CAD 264.8 million (USD 265 million), up 31.5% year-over-year, driven by strong U.S. and Mexico demand, especially for custom products and data center applications.
Gross margin improved sequentially to 30.1% from 29.2% in Q4 2025, though down from 31.5% a year ago due to tariff and commodity cost pressures.
Backlog increased significantly year-over-year and sequentially, providing strong visibility for the remainder of 2026.
Announced agreement to acquire AEG Power Solutions, expected to close in Q2 2026, expanding technology and geographic reach.
New factory in Mexico began shipping, supporting growth and expanding market reach.
Financial highlights
Sales reached CAD 264.8 million, up from CAD 201.4 million in Q1 2025.
U.S. and Mexico sales grew 41.8% year-over-year; Canada up 3.2%; India up 33.5%.
Net earnings were CAD 19.6 million, down from CAD 26.2 million in the prior year, reflecting higher costs.
Basic EPS was CAD 1.64; adjusted EPS was CAD 2.08, up from CAD 1.60 in Q1 2025.
Adjusted EBITDA was CAD 41 million (15.5% of sales), up from CAD 30.9 million a year ago.
Outlook and guidance
Strong backlog and healthy demand trends in electrification and data centers support a positive outlook for 2026.
Confident in ability to execute through the year despite input cost variability and project timing risks.
Acquisition of AEG Power Solutions expected to close in Q2 2026, enhancing product and service offerings.
- Record sales and backlog growth drive 13.9% revenue increase, despite margin pressures.HPS
Q4 202528 Apr 2026 - All-cash CAD 365M acquisition expands global reach and recurring revenues, closing Q2 2026.HPS
M&A announcement21 Apr 2026 - North America's top dry-type transformer producer drives growth through innovation and diversification.HPS
Investor presentation16 Apr 2026 - Record sales and margin gains achieved, with capacity expansion set to drive future growth.HPS
Q2 20242 Feb 2026 - Record margins and custom product growth offset U.S. standard product softness in Q3.HPS
Q3 202417 Jan 2026 - Scale, customization, and electrification drive growth and margin expansion in key markets.HPS
2024 Southwest IDEAS Conference13 Jan 2026 - Record sales, margin gains, and expansion investments drive strong growth outlook.HPS
Q4 202426 Dec 2025 - Q1 2025 sales up 6%, net earnings tripled, and backlog rose over 17% on strong demand.HPS
Q1 202528 Nov 2025 - Record sales and robust U.S. growth offset margin pressures from costs and facility ramp-up.HPS
Q2 202516 Nov 2025
Next Hammond Power Solutions earnings date
Next Hammond Power Solutions earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)