Hammond Manufacturing Company Limited
TSX : HMM.A

Hammond Manufacturing Company Limited

April 28, 2014 16:59 ET

Hammond Manufacturing Company Limited Announces Financial Results for First Quarter Ended March 28, 2014

GUELPH, ONTARIO--(Marketwired - April 28, 2014) - Hammond Manufacturing Company Limited (TSX:HMM.A) -

Three months ending:
3/28/14 3/29/13
Net Product Sales $ 24,753,000 $ 23,887,000
Income from operating activities(*) 1,355,000 1,051,000
Net Income for Period 755,000 536,000
Earnings per share
Basic $ 0.07 $ 0.05
Diluted $ 0.07 $ 0.05
(*) 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:

Sales dollars were up as a result of a weaker Canadian dollar despite flat product sales.

Operating income benefited from the weaker dollar as well as our continuous improvement through employee involvement.

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