Hammond Manufacturing Company Limited

TSX : HMM.A


Hammond Manufacturing Company Limited

March 07, 2013 15:12 ET

Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2012

GUELPH, ONTARIO--(Marketwire - March 7, 2013) - Hammond Manufacturing Company Limited (TSX:HMM.A) -

Year ending: Three months ending:
12/31/12 12/31/11 12/31/12 12/31/11
Net Sales $ 92,425,000 $ 85,487,000 $ 21,556,000 $ 22,010,000
Earnings from operating activities* 2,792,000 2,921,000 $ 407,000 $ 696,000
Income for Period 1,662,000 1,771,000 $ 264,000 $ 600,000
Earnings per share
Basic $ 0.15 $ 0.16 $ 0.02 $ 0.06
Diluted $ 0.15 $ 0.16 $ 0.02 $ 0.06
* 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 dropped 5% compared to the last quarter as our markets continue to soften. Overall results from operating activities have also declined. With continuous improvement through employee involvement we will lower costs and improve operational output.

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