Hammond Power Solutions Q4 Earnings Call Highlights

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MarketBeat

Fri, March 20, 2026 astatine 9:06 AM CDT 7 min read

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HPS reported full-year gross of CAD 898.3 million (up 13.9%) with Q4 gross of CAD 254.1 million and strongest maturation successful the U.S. and Mexico (+18.1%); year-end backlog jumped 122% y/y to a grounds level, driven by ample multi‑year data‑center projects (data centers present ~30% of sales).
Gross borderline declined to 30.3% from 32.8% owed to higher copper prices, Section 232 tariffs and unabsorbed overhead from ramping caller facilities, though absorption expects utilization astatine Monterrey 4 to amended mill absorption and margins done 2026 portion informing tariffs could hold recovery.
HPS added much than CAD 100 million of capableness astatine Monterrey 4 up of schedule, approved an further CAD 100 million of capableness done 2026–27, and signed to get AEG Power Solutions for CAD 365 million to boost recurring services and planetary footprint, with the woody expected to adjacent successful Q2.
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Hammond Power Solutions (TSE:HPS.A) reported higher gross successful 2025 portion navigating input outgo inflation, tariffs, and the early-stage ramp-up of caller manufacturing capacity, according to management’s treatment connected the company’s fourth-quarter and year-end net call.

Chief Executive Officer Adrian Thomas said 2025 was “a defining year” arsenic request accelerated into capableness and operational investments the institution has been gathering for respective years. Full-year gross accrued 13.9% to CAD 898.3 million, portion fourth-quarter gross reached CAD 254.1 million.

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Growth was described arsenic broad-based, with the strongest show successful the U.S. and Mexico wherever income roseate 18.1%. Thomas attributed that summation to distribution, backstage statement programs, and “especially custom-engineered solutions successful information halfway and exertion applications.” Canadian income accrued 8.6%, supported by infrastructure, utilities, and concern activity. Management said India shipments declined, but the concern continued to lend positively arsenic the institution prioritized borderline implicit volume.

Management pointed to backlog arsenic a cardinal indicator heading into 2026. Thomas said year-end backlog accrued 122% year-over-year and 74% versus the 3rd quarter, reaching the highest level successful institution history. He said the backlog includes “several ample multi-year customized projects successful the information halfway ecosystem,” which absorption expects to supply gross visibility into 2026.

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