Hammond Power Solutions Inc - Company Profile
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Hammond Power Solutions Inc (HPS) is a provider of energy equipment. It designs, delivers, and manufactures control and automation, medium voltage distribution and power, low voltage distribution, and customized transformers. The company also provides specific and specialty application transformers for original equipment manufacturing partner services. HPS markets its products under the HPS Imperator, HPS Spartan, HPS Fusion, HPS Q-Series, HPS Tribune, HPS Centurion, HPS Sentinel, HPS Synergy, HPS Titan, HPS PowerPlus, HPS Millennium brands, and among others. It serves customer in solar, commercial, industrial, drive systems, power generation, and transforming serving sectors in the US, Canada, Mexico, Italy, and India. HPS is headquartered in Guelph, Ontario, Canada.
Headquarters
Canada
Address
595 Southgatedrive, Guelph, Ontario, N1G3W6
Telephone
1 519 8222441
No of Employees
1,900
Industry
Power
Ticker Symbol & Exchange
HPS.A (TSE)
Revenue (2024)
$642.8M
13.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
1%
(2024 vs 2023)
Market Cap*
$1.7B
Net Profit Margin (2024)
XYZ
-11.4%
(2024 vs 2023)
* As of and is in US$
Hammond Power Solutions Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Encapsulated Transformers | Service: | HPS Imperator |
| Control and Automation Transformers | OEM Services | HPS Spartan |
| Reactors and Filters | HPS Q-Series | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In October, the company announced the launch of HPS Smart Transformers. |
| 2024 | Contracts/Agreements | In September, the company entered into an agreement to acquire the assets of Micron Industries Corporation. |
| 2021 | Acquisitions/Mergers/Takeovers | In July, the company acquired 100% stake in Mesta Electronics Inc., a designer and manufacture of standard and custom active filter. |
Competitor Comparison
| Key Parameters | Hammond Power Solutions Inc | Siemens AG | Schneider Electric SE | Bharat Heavy Electricals Ltd | Kirloskar Electric Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | Germany | France | India | India |
| City | Guelph | Munich | Rueil-Malmaison | New Delhi | Bengaluru |
| State/Province | Ontario | - | Haute Normandie | Delhi | Karnataka |
| No. of Employees | 1,900 | 231,000 | 162,970 | 48,222 | 834 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| William G. Hammond | Chairman | Executive Board | 2023 | - |
| Adrian Thomas | Director; Chief Executive Officer | Executive Board | 2023 | - |
| Richard C. Vollering | Secretary; Chief Financial Officer | Senior Management | - | - |
| John Bailey | Chief Operating Officer | Senior Management | 2024 | - |
| Paul Gaynor | Chief Information Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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