Hammond Manufacturing Company Limited
TSX : HMM.A

Hammond Manufacturing Company Limited

May 02, 2016 17:49 ET

Hammond Manufacturing Company Limited Announces Financial Results for First Quarter Ended April 1, 2016

GUELPH, ONTARIO--(Marketwired - May 2, 2016) - Hammond Manufacturing Company Limited (TSX:HMM.A) -

Three months ending:
4/01/2016 4/03/15
Net Product Sales $31,774,000 $30,516,000
Income from operating activities(*) 2,022,000 1,907,000
Net Income for Period 1,725,000 828,000
Total comprehensive income for the period 623,000 1,797,000
Earnings per share
Basic $0.15 $0.07
Diluted $0.15 $0.07

(*) Earnings from operations is before interest, foreign exchange, equity interest, other income and taxes

NOTE: The interim financial results have not been reviewed by an auditor

To all employees and shareholders:

The strong US dollar continues to provide us the opportunity to grow our business.

We caution that the impact of both unfavourable movements of exchange rates and the start-up expenses for our new rack factory could have negative impacts on the profitability for the second quarter of 2016.

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