Get Adobe Flash player

Hammond Power Solutions Q2 Report Six months ended July 3, 2010 Continued growth

Fellow Investor Hammond Power Solutions Inc. HPS is pleased to report our second quarter results for 2010. These results are a significant improvement from the same quarter a year ago when the Company

Fellow Investor Hammond Power Solutions Inc. HPS is pleased to report our second quarter results for 2010. These results are a significant improvement from the same quarter a year ago when the Company

Dollars in thousanDs unless otherwise stateD Managements Discussion Analysis Second Quarter 2010 Overview Hammond Power Solutions Inc. HPS or the Company, is a North American leader for the design a

Dollars in thousanDs unless otherwise stateD Managements Discussion Analysis Second Quarter 2010 Overview Hammond Power Solutions Inc. HPS or the Company, is a North American leader for the design a

ManageMents Discussion analysis seconD Quarter 2010 Additionally, our organic and new customer sales expansion strategies, manufacturing agility, and our multinational operations capabilities will

ManageMents Discussion analysis seconD Quarter 2010 Additionally, our organic and new customer sales expansion strategies, manufacturing agility, and our multinational operations capabilities will

ManageMents Discussion analysis seconD Quarter 2010 Gainloss on foreign exchange The effectiveness of the Companys hedging strategy has significantly reduced its US dollar Balance Sheet translation

ManageMents Discussion analysis seconD Quarter 2010 Gainloss on foreign exchange The effectiveness of the Companys hedging strategy has significantly reduced its US dollar Balance Sheet translation

ManageMents Discussion analysis seconD Quarter 2010 expansion and product mandate projects at our Guelph, Ontario and Granby, Quebec facilities, productivity improvement initiatives and information

ManageMents Discussion analysis seconD Quarter 2010 expansion and product mandate projects at our Guelph, Ontario and Granby, Quebec facilities, productivity improvement initiatives and information

ManageMents Discussion analysis seconD Quarter 2010 Phase One Scoping and Diagnostics This phase consisted of a highlevel assessment to identify key areas of Canadian GAAP and IFRS differences tha

ManageMents Discussion analysis seconD Quarter 2010 Phase One Scoping and Diagnostics This phase consisted of a highlevel assessment to identify key areas of Canadian GAAP and IFRS differences tha

ManageMents Discussion analysis seconD Quarter 2010 Interest rates Government protectionism Competition Credit risk and Global political unrest. The Company is very cognizant of these risks an

ManageMents Discussion analysis seconD Quarter 2010 Interest rates Government protectionism Competition Credit risk and Global political unrest. The Company is very cognizant of these risks an

Selected Annual and Quarterly Financial Information The information contained in the following table presents the historic audited annual financial information as at December 31 and the unaudited fina

Selected Annual and Quarterly Financial Information The information contained in the following table presents the historic audited annual financial information as at December 31 and the unaudited fina

Consolidated Balance Sheet unaudited tabular amounts in thousands of dollars As at July 3, 2010 Assets Current assets Cash and cash equivalents Accounts receivable Income taxes recoverable Inventories

Consolidated Balance Sheet unaudited tabular amounts in thousands of dollars As at July 3, 2010 Assets Current assets Cash and cash equivalents Accounts receivable Income taxes recoverable Inventories

Consolidated Statements of Earnings and Comprehensive Earnings unaudited tabular amounts in thousands of dollars except earnings per share Quarter Ending July 3, 2010 Sales Cost of Sales Gross Margin

Consolidated Statements of Earnings and Comprehensive Earnings unaudited tabular amounts in thousands of dollars except earnings per share Quarter Ending July 3, 2010 Sales Cost of Sales Gross Margin

Consolidated Statements of Cash Flows unaudited tabular amounts in thousands of dollars Quarter Ending July 3, 2010 Cash provided by used in Operations Net earnings Add deduct items not involving cash

Consolidated Statements of Cash Flows unaudited tabular amounts in thousands of dollars Quarter Ending July 3, 2010 Cash provided by used in Operations Net earnings Add deduct items not involving cash

Consolidated Statements of Shareholders Equity unaudited tabular amounts in thousands of dollars Six month period ended July 3, 2010, and June 27, 2009. Share Capital Balance as at January 1, 2010 Cas

Consolidated Statements of Shareholders Equity unaudited tabular amounts in thousands of dollars Six month period ended July 3, 2010, and June 27, 2009. Share Capital Balance as at January 1, 2010 Cas

notes The accompanying unaudited interim consolidated financial statements of the Company have been prepared by and are the responsibility of the Companys Management. The Companys independent auditor

notes The accompanying unaudited interim consolidated financial statements of the Company have been prepared by and are the responsibility of the Companys Management. The Companys independent auditor

Hammond Power Solutions Inc. Canada Corporate Head Office 595 Southgate Drive Guelph, Ontario N1G 3W6 Phone 519 8222441 15 Industrial Road Walkerton, Ontario N0G 2V0 Phone 519 8813552 Distribution Cen

Hammond Power Solutions Inc. Canada Corporate Head Office 595 Southgate Drive Guelph, Ontario N1G 3W6 Phone 519 8222441 15 Industrial Road Walkerton, Ontario N0G 2V0 Phone 519 8813552 Distribution Cen

hammondpowersolutions.com

Share