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."

 

AD Spotlight

E.B. Horsman & SonE.B. Horsman & Son (EBH), one of the fastest-growing, independently owned full-line electrical distributors in Western Canada, announced that it is a 2020 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed status for 11 consecutive years.

During the past year, the company remained successful amidst changing market conditions by focusing on its six pillars: operational excellence, growth and expansion, talent management and development, collaboration and communication, enhanced customer experience and market awareness. 

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COVID-19Below Electrical Industry News Week has collected the latest updates from companies in the industry. The majority are not experiencing major impacts with respect to supply chain and production, but are implementing changes to adhere to the recommendations of the World Health Organization, Health Canada and Center for Disease Control.

This list will continue to be updated as companies update their current situation. 

 

 

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So why is datacom cabling twisted, but power cabling is not? It’s all about bandwidth. Power signals are of such low frequencies that they don’t need to worry about bandwidth, but datacom cables do. 

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PoE ChallengesAs many different applications increasingly adopt Power over Ethernet (PoE) devices, such as phones, cameras, lighting, access controls, IDEAL Networks offers advice to help IT technicians handle everyday PoE troubleshooting scenarios.

“There are clear benefits of PoE for many applications, but with standards changing all the time, it can present challenges for IT technicians and cable engineers,” explains Tim Widdershoven, Marketing Director for IDEAL Networks. “Consider a Voice over IP (VoIP) phone, for example. If it doesn’t have a sticker which specifies what standard is required, technicians may not know whether the measured power passes or fails.” 

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Cementex Voltage Phasing MeterCementex has introduced a new Digital Voltage Phasing Meter Set, ideal for measuring overhead and underground voltages. The new Digital Voltage Phasing Meter Set handles 0–40 kilovolts (kV) and can be used on higher voltages up to 240 kV if used with additional pairs of extension resistors. The device automatically adjusts the voltage display to match resistors if used.

 

 

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