HD Hyundai Electric has surpassed the 1 trillion won quarterly revenue mark for the first time in its history, with Q1 2025 sales reaching 1.147 trillion won ($855 million) as the South Korean power equipment manufacturer capitalizes on North America’s infrastructure modernization.
The company reported a 69.4% jump in operating profit to 218.2 billion won ($163 million) while net income surged 64.2% to 153.4 billion won ($114 million). The stellar performance stems primarily from North American market expansion, where HD Hyundai Electric has focused aggressively despite recent U.S. tariff impositions that have complicated the global trade environment.
Sales of power equipment, including transformers and switchgears, increased 46.1% compared to last year, with rotating machinery sales up 17.1%. This product mix helped boost the company’s operating margin to 21.5%, an exceptionally high figure for an industrial equipment manufacturer.
Order intake for Q1 climbed 68.8% year-over-year to $1.335 billion, with the total backlog now standing at $6.155 billion, up 11.1%. The company credits North American demand for power equipment driven by aging infrastructure replacement needs and expanding AI data centers requiring substantial power management solutions.
The company plans to diversify production across domestic and international facilities to navigate U.S. tariff concerns while expanding into European and Asian markets.
