Hammond Power Solutions Posts Record Q2 2025 Sales with $224M Revenue

Hammond Power Solutions reported record Q2 2025 sales of $224 million, a 13.8% increase from the same period in 2024. The company achieved solid profits, with an adjusted EBITDA of $33 million and a gross margin of $68 million. Despite rising input costs and strategic investments, HPS maintained a strong market position and expanded its presence in the U.S. and Canada.

Hammond Power Solutions Inc. (HPS) reported record sales for the second quarter of 2025, with revenue reaching $224 million, a 13.8% increase from the same period in 2024 [2]. The company achieved solid profits, with an adjusted EBITDA of $33 million and a gross margin of $68 million. Despite rising input costs and strategic investments, HPS maintained a strong market position and expanded its presence in the U.S. and Canada.

The company's CEO, Adrian Thomas, stated, "Our quarterly revenue reached approximately $224 million, marking a new record quarter with 14% growth compared to Q2 2024" [2]. The gross margin was slightly lower than the previous year due to rising input costs and further investments in the manufacturing footprint. The company's new production facility in Mexico is complete and shipments are expected to start later this year.

HPS also announced that it was awarded Great Place to Work for all of its facilities globally, which reaffirms the company's belief in the importance of its employees [2]. The company's backlog increased by 8.4% compared to Q2 2024 but decreased by 8.0% from Q1 2025.

The company's CFO, Richard Vollering, noted that the decline in gross margin is mainly due to higher material costs related to commodity volatility and inflation in the supply chain [2]. Despite the challenges, HPS delivered another strong quarter, achieving record sales and solid profits.

References:
[1] Reuters, "Hammond Power Solutions Q2 EPS CAD 1.12", July 24, 2025, [URL](https://www.tradingview.com/news/reuters.com,2025-07-24:newsml_PLXB56A49:0-brief-hammond-power-solutions-q2-eps-cad-1-12/)
[2] Yahoo Finance, "Hammond Power Solutions Reports Second Quarter 2025 Results", July 24, 2025, [URL](https://finance.yahoo.com/news/hammond-power-solutions-reports-second-211500593.html)