Hammond Manufacturing Company Limited
TSX : HMM.A

Hammond Manufacturing Company Limited

March 04, 2016 17:00 ET

Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2015

GUELPH, ONTARIO--(Marketwired - March 4, 2016) - Hammond Manufacturing Company Limited (TSX:HMM.A) -

Year ending: Three months ending:
12/31/15 12/31/14 12/31/15 12/31/14
Net Product Sales $117,164,000 $105,272,000 $27,714,000 $28,405,000
Income from operating activities(*) 6,625,000 5,919,000 $1,775,000 $1,543,000
Net Income for Period 3,550,000 3,637,000 $1,080,000 $984,000
Total comprehensive income for the period 5,986,000 4,558,000 $1,843,000 $1,415,000
Earnings per share
Basic $0.31 $0.32 $0.09 $0.09
Diluted $0.31 $0.32 $0.09 $0.09
(*) Earnings from operations is before interest, foreign exchange, equity interest, other income and taxes NOTE: The interim financial results have not been review ed by an auditor

To all employees and shareholders:

Fourth quarter sales weakened despite help from a stronger US dollar. We are feeling the softness of the US manufacturing sector and the decline in the oil markets.

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