Hammond Power Solutions Reports Fourth Quarter 2025 Financial Results
View original at finance.yahoo.comHammond 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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Backlog at December 31, 2025 increased 122% year over year and 74% sequentially, providing meaningful revenue visibility entering 2026
60% confidenceWorking capital improved during the quarter, and as a result, so did our net cash position
60% confidenceWe 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% confidenceWith expanded capacity in Mexico and operational improvements across our footprint, we are positioned to convert this demand efficiently
60% confidenceHPS 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% confidenceCustom and higher-value solutions continued to outpace standard products, reflecting sustained demand for resilient power systems
60% confidenceGrowth 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% confidenceCapital 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