Hammond Manufacturing Company Limited
TSX : HMM.A

Hammond Manufacturing Company Limited

August 05, 2016 17:01 ET

Hammond Manufacturing Company Limited Announces Financial Results for Second Quarter Ended July 1, 2016

GUELPH, ONTARIO--(Marketwired - Aug. 5, 2016) - Hammond Manufacturing Company Limited (TSX:HMM.A) -

Financial Results for Second Quarter Ended July 1, 2016:

Six months ending: Three months ending:
7/01/2016 7/03/15 7/01/2016 7/03/15
Net Product Sales $59,785,000 $59,509,000 $28,011,000 $28,993,000
Income from operating activities(*) $1,436,000 $3,214,000 -$586,000 $1,307,000
Net Income for Period $1,115,000 $1,765,000 -$610,000 $937,000
Total comprehensive income for the period -$143,000 $2,797,000 -$766,000 $1,000,000
Earnings per share
Basic $0.10 $0.16 -$0.05 $0.09
Diluted $0.10 $0.16 -$0.05 $0.09
(*) 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 start-up expenses and disruption to our work flows as we moved to our new rack factory have negatively impacted 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