Hammond Power Solutions Q3 Profit Rises to C$27.7 Million as Revenue Doubles

Hammond Power Solutions Inc. (HPS_A.TO) reported a third-quarter profit that increased from a year earlier, with revenue more than doubling. The company's bottom line totaled C$27.70 million, or C$2.33 per share, compared with C$17.44 million, or C$1.46 per share, last year. Revenue for the period rose 104.4% to C$446.26 million from C$218.34 million a year earlier, according to the GAAP results. The Guelph, Ontario-based manufacturer of electrical transformers did not disclose additional details in the earnings summary.