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Hammond Power Solutions (HMDPF)
OTHER OTC:HMDPF
RESEARCH TOOLSreports
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.28Last Year’s EPS
0.47Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -9.53%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call for Hammond Power Solutions highlighted significant achievements in revenue growth, capacity expansion, and strategic acquisitions, alongside strong financial performance and industry recognition. However, challenges persist in the form of a slowdown in commercial construction, delays in the induction heating business, increased SG&A expenses, and potential impacts from tariffs and commodity costs. Overall, the positive aspects of growth and strategic initiatives outweigh the challenges faced.Company Guidance
During the Hammond Power Solutions' Fourth Quarter and 2024 Year-End Financial Results Conference Call, several key metrics and strategies were discussed. The company reported a quarter-over-quarter revenue growth of 11.5%, contributing to an annual growth rate of 11%. Gross margins increased by 30 basis points from 32.5% to 32.8% for the full year. Net income reached $71 million, up from $63 million in 2023, while adjusted EBITDA was $130.5 million, or 16.6% of sales, compared to $117.2 million, or 16.5% of sales, in the previous year. Earnings per share (EPS) were reported at $1.99 for the quarter and $6.01 for the year. The company executed significant expansions, including a new factory in Mexico, which will add over $100 million in annual production capacity, and completed the acquisition of Micron, enhancing its power quality portfolio. Capital expenditures amounted to $41 million, up from $20 million in 2023, with plans for $40 million in 2025. Despite geopolitical uncertainties, Hammond Power Solutions remains optimistic about future growth, supported by a strong balance sheet with a net cash position of $21 million.Double-Digit Revenue Growth
Hammond Power Solutions reported double-digit revenue growth with quarter-over-quarter revenues increasing by 11.5% and a total year-over-year growth of 11%.
Gross Margin Expansion
The company expanded its gross margins by 30 basis points for the full year, increasing from 32.5% to 32.8% due to strong price discipline and a favorable product mix.
Successful Capacity Expansion
Hammond Power Solutions opened a new factory in Mexico, adding more than $100 million in annual production capacity to its custom portfolio and announced an additional $20 million investment in further capacity expansion in Mexico.
Strategic Acquisition of Micron
Completed the acquisition of Micron, a leading manufacturer of industrial control transformers, enhancing the company's power quality portfolio and strengthening its position in the OEM market.
Strong Financial Performance
Reported a net income of $71 million for the year, up from $63 million in 2023, and adjusted EBITDA of $130.484 million, representing 16.6% of sales.
Recognition and Awards
The company received Great Place to Work certifications in Canada, the U.S., and India. Additionally, Bill Hammond received a Lifetime Achievement Award from the Electro Federation of Canada.
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HMDPF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HMDPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $57.83 | $59.76 | +3.34% |
| Oct 29, 2024 | $97.96 | $96.42 | -1.57% |
| Jul 25, 2024 | $74.94 | $84.37 | +12.58% |
| Apr 29, 2024 | $98.84 | $97.51 | -1.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hammond Power Solutions (HMDPF) report earnings?
Hammond Power Solutions (HMDPF) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Hammond Power Solutions (HMDPF) earnings time?
Hammond Power Solutions (HMDPF) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HMDPF EPS forecast?
HMDPF EPS forecast for the fiscal quarter 2025 (Q1) is 1.28.
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