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