Hammond Power Solutions (TSE:HPS.A) has released an update.
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Hammond Power Solutions Inc. announced a strong second quarter for 2024 with record sales of $197 million, marking a 14.4% increase from the previous year, and a notable net income of $23.6 million. The company reported a robust adjusted EBITDA at 16.5% of sales, with significant growth in the U.S. and Canadian markets, despite a decline in India. The financial growth is attributed to high factory throughput, effective margin maintenance, and successful management of increased commodity costs and new factory expenses.
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