In this interview, CEO Duncan Penny and CFO Gavin Griggs discuss XP Power’s H118 results. The company saw record revenues, profits and bookings despite currency headwinds, and has a strong backlog going into H218. Duncan and Gavin discuss the recent Glassman High Voltage acquisition and how this has rounded out the company’s product portfolio. As recent acquisitions have increased exposure to the semiconductor manufacturing market, this segment is now reported separately. Gavin discusses the impact of supply chain shortages, including the likely gross margin and working capital impacts, as well as action the company is taking to mitigate this. Duncan highlights his expectations for continued market share gains and the potential for further acquisitions once recent deals have been digested.
XP Power is a developer and designer of power control solutions with production facilities in China, Vietnam and the US, and design, service and sales teams across Europe, the US and Asia.