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Source document· March 19, 2026

Hammond Power Solutions Reports Fourth Quarter 2025 Financial Results

View original at finance.yahoo.com
Hammond Power Solutions Reports Fourth Quarter 2025 Financial Results Hammond Power Solutions Inc (Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, March 19, 2026 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc…
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  • Capital spending during the year was $35 million, which was at the low end of our projected range, and we completed some key capacity initiatives that will allow us to begin shipping large projects in the first quarter of 2026

    60% confidence

  • We delivered a strong quarter to complete the year. EBITDA margins recovered in the quarter versus the third quarter primarily due to the record revenue recorded

    60% confidence

  • Working capital improved during the quarter, and as a result, so did our net cash position

    60% confidence

  • With expanded capacity in Mexico and operational improvements across our footprint, we are positioned to convert this demand efficiently

    60% confidence

  • Backlog at December 31, 2025 increased 122% year over year and 74% sequentially, providing meaningful revenue visibility entering 2026

    60% confidence

  • Custom and higher-value solutions continued to outpace standard products, reflecting sustained demand for resilient power systems

    60% confidence

  • Growth was driven by continued strength in the U.S., particularly in private label and custom-engineered solutions supporting data centre expansion, infrastructure investment and industrial electrification

    60% confidence

  • HPS delivered a strong finish to 2025, with fourth quarter sales of $254.1 million and record annual sales of $898.3 million, an increase of 13.9% over 2024

    60% confidence
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What we're seeing
Q4 2026 Biotech Catalyst Window: ESMO Data, the Ivonescimab PDUFA and Small-Cap Delistings
Mid-October to November 2026 is a dense catalyst period for clinical-stage biotech. Positive late-stage readouts (ALOFT-IPF, TELIGAN, MIUDELLA, the duvakitug extension) and the ESMO 2026 presentations lead up to the FDA's 14 November PDUFA date for the ivonescimab BLA. At the opposite end of the market, Spago Nanomedical is moving to delist from Nasdaq First North, which shows how hard it is for micro-cap developers to fund themselves. Value is concentrating in companies with late-stage data and near-term regulatory outcomes.
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
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Where sources disagree
Ford Motor Company
Both facts give cash for Ford Motor Company at the same point in time (2025-12-31; FY 2025 year-end and Q4 2025 year-end are the same date). Both are labelled USD, but the values are 23,356,000,000 and 23.356, which cannot both be true in USD. The two numbers agree once the second is read as billions (23.356 bn = 23,356,000,000), so the economic content is consistent and the conflict is a unit/scale error in the Q4 2025 record. The period is not the reason for the conflict: a Q4 and an FY figure at the same year-end date should match.
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