207.75
+10.55%
Close of 9 Nov 2026, in CAD
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About Hammond Power Solutions
Its shares trade on Toronto Stock Exchange under the ticker HPS.A.TO. It has been listed since 10 January 2001. In the fiscal year to 31 December 2024, it reported revenue of C$788.3m and net income of C$71.5m. At that date it held total assets of C$493.1m and shareholders' equity of C$308.0m.
Hammond Power Solutions, Inc. engages in the design, manufacture, and sale of dry-type power distribution transformers. The company is headquartered in Guelph, Ontario. The company went IPO on 2001-01-10. The firm is engaged in the design and manufacture of custom electrical engineered magnetics. The firm is also a manufacturer of standard electrical dry-type, cast resin and liquid filled transformers. The firm supports solid industries, such as oil and gas, mining, steel, waste and water treatment, and wind power generation. Its catalogs offer various transformers ranging from 50 volt ampere (VA) to 5 megavolt ampere (MVA). HPS Standard Products are available across over four categories, which include control and automation; low voltage distribution; medium voltage distribution, and potted and specialty. HPS also offers original equipment manufacturers (OEM) a set of products and services. HPS also offers two Encapsulated Distribution Transformer lines: HPS Titan and HPS Fortress. The firm has manufacturing plants in Canada, the United States, Mexico, Italy and India.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 10 Jan 2001
- Employees
- 1,311
- Website
- hammondpowersolutions.com ↗
Leadership
Pay as last reported
- Mr. William HammondChairman of the Board, since 2001C$235,010
- Mr. Adrian ThomasChief Executive Officer, Director, since 2023C$2.5m
- Mr. Richard VolleringChief Financial Officer, Corporate SecretaryC$756,506
- Mr. John BaileyChief Operations OfficerC$484,449
- Ms. Catherine MckeownChief People OfficerC$674,454
- Mr. David KinsellaChief Commercial OfficerC$1.1m
- Mr. Fred JaquesLead Independent DirectorC$117,472
- Ms. Dahra GranovskyIndependent DirectorC$109,972
- Mr. Christopher HuetherIndependent DirectorC$110,010
- Ms. Anne TurnbullIndependent DirectorC$120,000
- Mr. J. David WoodIndependent DirectorC$122,491
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Hammond Power Solutions Inc (HPS) is a leading manufacturer of dry-type transformers and related magnetics. With over 100 years of industry experience, the company has established a strong reputation for high-quality products and innovative solutions. HPS has a diverse product portfolio catering to various industries including industrial, commercial, and renewable energy sectors. Its extensive range of transformers enables the company to meet the specific needs of its customers. The company's manufacturing facilities are equipped with advanced technology, allowing for efficient production processes, cost control, and quick turnaround times. HPS has a global presence with sales offices and distribution networks spanning across North America, Europe, Asia, and other international markets. HPS also places a strong emphasis on research and development, enabling continuous improvement and staying ahead of market trends. This commitment to innovation has helped the company maintain a competitive edge in the industry.
Weaknesses
- Despite its strengths, Hammond Power Solutions Inc does face some weaknesses. One of the key challenges for the company is its dependence on the economic conditions of the industries it serves. As the demand for industrial and commercial products fluctuates, HPS may experience periods of reduced sales and revenue. Additionally, the company's global presence exposes it to foreign exchange risks, market fluctuations, and potential geopolitical uncertainties. These external factors can impact HPS's profitability and financial stability. HPS also faces competition from both domestic and international transformer manufacturers. Maintaining market share and pricing competitiveness in such a highly competitive industry requires continuous efforts in research, product development, and marketing strategies.
Opportunities
- Hammond Power Solutions Inc has several opportunities to explore in the market. The increasing global focus on renewable energy sources presents a significant opportunity for the company to expand its products and solutions in the renewable energy sector. The growing adoption of electric vehicles (EVs) worldwide opens up a new market segment for HPS. The company can leverage its expertise in transformers to develop specialized products for EV charging infrastructure, supporting the growing demand for sustainable transportation. HPS can also explore strategic partnerships or acquisitions to expand its market reach and diversify its product offerings. Collaborations with suppliers, distributors, or technology partners can enhance the company's competitive position and drive growth.
Threats
- Hammond Power Solutions Inc faces various threats in its operating environment. Changes in government regulations and environmental standards can impact the demand for certain types of transformers or require the company to invest in new technologies. Economic downturns or recessions can lead to reduced investments in infrastructure and industrial projects, affecting the demand for HPS products. Competitive pressures from both existing competitors and emerging players in the transformer industry pose a threat to the company's market share. The potential disruption in global supply chains, raw material availability, or logistics challenges can impact the company's manufacturing processes and delivery schedules, leading to potential delays or increased costs.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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