Hammond Manufacturing Company Limited
TSX : HMM.A

Hammond Manufacturing Company Limited

March 18, 2010 11:56 ET

Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2009

GUELPH, ONTARIO--(Marketwire - March 18, 2010) - Hammond Manufacturing Company Limited (TSX:HMM.A) - 

      Twelve months ending:     Three months ending:
      12/31/09     12/31/08     12/31/09     12/31/08
Net Sales   $ 69,406,000   $ 78,160,000   $ 16,190,000   $ 20,641,000
Earnings from operations   $ 1,525,000   $ 4,155,000   $ 156,000   $ 2,740,000
Net Earnings   $ (44,000)   $ 4,889,000   $ 69,000   $ 2,445,000
Earnings per share   $ (0.00)   $ 0.43   $ 0.01   $ 0.21
                     
 
Shares outstanding     11,334,300     11,334,300            
Net Book value per share   $ 2.36   $ 2.36            

The recession impacted our 2009 results. Sales for 2009 dropped approximately 11.2% from the prior year resulting in a loss of $44,000. We continue to position the operations for the future.

Hammond Manufacturing Company Limited manufactures a broad range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers.

Contact Information

  • Hammond Manufacturing Company Limited
    Robert F. Hammond
    Chairman and CEO
    (519) 822-2960
    (519) 822-7289 (FAX)
    ir@hammfg.com