Canadian Electrical Industry News Week

 

Hammond PowerHammond Power Solutions Inc. announced its financial results for the first quarter of 2015. Sales for the quarter-ended March 28, 2015 were $63,137,000, an increase of $3,184 or 5.3% from Q1, 2014 sales of $59,953,000. The company has been lifted by a modestly improved, construction, alternative energy, and project market segments. International sales for Q1, 2015 finished at $7,336,000 versus $8,276,000 in Q1, 2014, a decrease of $940 or 11.4%.

The company increased bookings 14.8% over Quarter 1, 2014 due to stronger bookings in both the distributor and direct channels in North American and International markets. Booking rates in the distributor channel increased 11.4% over Q1, 2014. On a direct channel basis, bookings exceeded

Q1, 2014 by 17.8%. Backlog increased 16.6% over Q 4, 2014 and finished higher by 15.8% when compared to Quarter 1, 2014 due to higher booking rates in several markets including the Canadian and U.S. OEM markets.

HPS CEO Bill Hammond commented, "We are enjoying the largest growth in bookings and backlog across all of our global operations since 2012."

Q1 2015 earnings from operations was $1,446,000, an increase of $143,000 or 11.0% from $1,303,000 for the same quarter last year. The improvement in the quarter is a result of higher sales, increased gross margin dollar contribution and a higher foreign exchange gain.

In Q1, 2015, the company announced that it had completed the formation of a new joint venture company, Corefficient S. de R.L. de C.V. ("Corefficient"). Corefficient will design, manufacture and market energy efficient electrical cores, a major component used in the manufacture of dry type and liquid filled transformers. Corefficient will be based out of Monterrey, Mexico, where a state of the art manufacturing facility is currently under construction and will be fully operational by Q4 2015.

Hammond commented, "Corefficient is an exciting venture and is reflective of the strong, long-term relationship between Hammond Power Solutions Inc. and National Material LP. Both partners bring the value of people, technology and financial strength to Corefficient. The manufacturing operation will be world class."

Hammond concluded, "We are cautiously optimistic about our growth going forward. This is supported by our growing bookings and backlog and we continue to expand our penetration of the geographies we serve. We are confident that our financial strength, core competencies and long term strategies will accelerate our growth as markets start to improve."

 



 

LDS Aug Products Eaton AL Series Dimmers 400Eaton's Wiring Devices AL series dimmers offer a versatile option for any dimming application - fine tune the dimming performance to match your exact needs and change colors as needed to suit any décor.

Color change kits come with three color faceplates, offering design flexibility within one product. Select models are available in 4 different color combination packs.

 

 


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ESAAs the government continues a gradual, staged approach to reopen Ontario, ESA is assessing how they can safely resume in-person classroom training while adhering to Ontario Public Health guidelines. ESA is continuing to monitor key public health indicators and Stage 3 restrictions as efforts begin to reschedule previously postponed in-person classroom courses.

If you are registered in a postponed ESA course, they will notify you in the next couple of weeks of the rescheduled date. Please note that online courses are continuing as scheduled.

 

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Latest Articles

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Case Study: EikoPro Electric LLC had a customer that had just constructed a new horse barn and was looking to light it quickly. The barn was designed to be lit with ten high bay lights for maximum efficacy and efficiency. Together with EiKO’s distributor partner, Platt Electric Redmond located in Redmond, Oregon, Pro Electric selected the EiKO 200W BAY-C high bay fixture, which puts out an impressive 30,000+ lumens at a 5000K color temperature. This high lumen output and the long life of the fixture – 72,000 hours – made it an ideal choice for the application.

Obviously, when lighting a barn, the security and safety of the animals, riders, and care givers is paramount. EiKO’s LED high bay products fill the space with light, eliminating shadows and blind spots.

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Value of Building Permits - JuneThe $687 million Oakridge Centre mixed use redevelopment project in the city of Vancouver helped raise the total national value of building permits 6.2% to $8.1 billion in June, to a level comparable to pre-COVID levels. Overall, seven provinces reported gains for the month.

Residential permits rise
The total value of residential permits was up 7.0% to $5.3 billion, with gains posted in six provinces. British Columbia posted its third largest value on record for residential permits in June, up 20.4% to $1.3 billion due to large projects such as the Oakridge Centre redevelopment. 

 

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Product News

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Yard LightThe YDD-L is an energy-efficient dusk to dawn yard light. It was designed for barns and farms. It is a versatile and economic light source that is good on the environment and uses long-life LED’s. The YDD-L comes standard with photo control which helps to provide significant power savings.

Lens
Polycarbonate diffused lens encloses high performance LEDs.

 

 

 

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Peers & Profiles

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Tom MiguelBy Sarah PickardTom Miguel

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It was in this office that some counsellor suggested becoming an electrician, and Tom’s interest was piqued. “I knew from that point on what field of studies I needed to focus on to become an electrician,” Tom said.

 

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Rutul Bhavsar 1 400By Blake Marchand

Rutul Bhavsar is a final year Electrical Engineering student at Mohawk College. He recently co-authored a whitepaper on Mohawk College’s Joyce Centre for Partnership & Innovation discussing the technologies utilized in the state-of-the-art zero-carbon/carbon-neutral facility. Rutul was the lead author on the project, supported by Dr. Mariano Arriaga, General Manager of Mohawk’s Energy and Power Innovation Centre (EPIC) and Dr. Tony Cupido Research Chair, Sustainability at Mohawk College. Rutul’s interests lie in the more progressive areas of the industry, automation, control, and energy efficient technologies.

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