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Hammond Power Solutions (TSE:HPS.A)
TSX:HPS.A
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.59Last Year’s EPS
1.68Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2019
|% Change Since: -20.91%
|Next Earnings Date:Mar 27, 2019
Earnings Call Sentiment|Positive
The earnings call highlighted significant sales growth and strategic investments, including a major acquisition and expansion in capacity, alongside strong financial performance. However, these positives were tempered by challenges in standard product sales and increased compensation costs.Company Guidance
During the Hammond Power Solutions Third Quarter 2024 Financial Results Conference Call, the company provided guidance on its strategic investments, sales growth, and market conditions. The company announced a $20 million investment aimed at expanding production capacity in Mexico, which is projected to add over $100 million in revenue capacity for custom power transformers by early 2026. This strategic move is in response to sustained demand and project quotation activity. Sales growth was reported at 6.9% year-over-year for the third quarter and 10.9% year-to-date. Margins improved to 33.8% in the quarter due to a favorable product mix, despite weaker demand for standard products in the U.S. market driven by a 13% decline in commercial construction. Outside North America, Indian sales increased by 15% year-over-year, driven by renewable shipments. Adjusted EBITDA rose to $34.377 million, representing 17.9% of sales, the highest quarterly figure in 2024. The company also completed the acquisition of Micron Industries, which is expected to bolster its U.S. market presence and expand its product portfolio.Year-over-Year Sales Growth
Year-over-year sales growth of 6.9% for Q3 and 10.9% year-to-date, highlighting strong performance amid challenging market conditions.
Increased Capital Investment
Announced a $20 million investment to expand production in Mexico, adding $100 million in revenue capacity for custom products and operational by early 2026.
Acquisition of Micron Industries
Acquired Micron Industries to improve service to U.S. and North American customers, expanding product portfolio and enhancing relationships in OEM markets.
Strong Margins and EBITDA Growth
Margins reached 33.8% in Q3 and 32.8% year-to-date, with adjusted EBITDA at $34.377 million or 17.9% of sales, the highest in 2024.
Expansion in Indian Market
Sales in India increased by 15% in Q3 compared to the previous year, driven by domestic renewable shipments.
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TSE:HPS.A 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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TSE:HPS.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | C$138.50 | C$130.20 | -5.99% |
| Jul 25, 2024 | C$103.23 | C$116.14 | +12.50% |
| Apr 29, 2024 | C$137.03 | C$133.84 | -2.33% |
| Mar 27, 2024 | C$125.63 | C$144.01 | +14.63% |
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 (TSE:HPS.A) report earnings?
Hammond Power Solutions (TSE:HPS.A) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Hammond Power Solutions (TSE:HPS.A) earnings time?
Hammond Power Solutions (TSE:HPS.A) earnings time is at Mar 26, 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 TSE:HPS.A EPS forecast?
TSE:HPS.A EPS forecast for the fiscal quarter 2024 (Q4) is 1.59.
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