Business · Companies · 5 hrs ago
Hammond Power Solutions reports record third-quarter sales
Hammond Power Solutions reported record third-quarter results for 2026, covering the three months ending in the third quarter.
The company, based in Guelph, Ontario, makes magnetic and power electronic solutions.
Sales reached $446 million, up 104.4% from the same quarter in 2025.
Adjusted EBITDA, a measure of operating performance, rose 177.5% to $84 million, while adjusted earnings per share were $3.13.
Its power magnetics backlog was 61.1% higher than a year earlier, indicating more orders awaiting completion.
This was the first full quarter including AEG’s results in the company’s consolidated figures.
The company gave no further information about what comes next.
Hammond Power Solutions reported record third-quarter 2026 sales of $446 million.
Sales were 104.4% higher than in the third quarter of 2025.
Adjusted EBITDA was $84 million, equal to 18.8% of sales and up 177.5% from a year earlier.
Gross margin rose to 34.4%.
The quarter was the first full quarter to include AEG’s results in the company’s consolidated results.
- Who
- Hammond Power Solutions Inc. reported its financial results.
- What
- It reported record third-quarter 2026 sales of $446 million.
- When
- October 29, 2026.
- Where
- Guelph, Ontario.
- Why
- Not stated
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- Third-quarter sales
- $446 million
- Sales growth
- 104.4% versus Q3 2025
- Adjusted EBITDA
- $84 million, or 18.8% of sales
- Gross margin
- 34.4%
- Power Magnetics backlog
- 61.1% higher than Q3 2025