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