Hammond Manufacturing Company Limited

TSX : HMM.A


Hammond Manufacturing Company Limited

March 07, 2014 13:37 ET

Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2013

GUELPH, ONTARIO--(Marketwired - March 7, 2014) - Hammond Manufacturing Company Limited (TSX:HMM.A) -

Year ending: Three months ending:
12/31/13 12/31/12 12/31/13 12/31/12
Net Product Sales $ 92,314,000 $ 92,425,000 $ 22,969,000 $ 21,556,000
Income from operating activities(*) 3,757,000 2,792,000 $ 857,000 $ 407,000
Net Income for Period 2,258,000 1,662,000 $ 755,000 $ 264,000
Earnings per share
Basic $ 0.20 $ 0.15 $ 0.07 $ 0.02
Diluted $ 0.20 $ 0.15 $ 0.07 $ 0.02

(*) 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:

Net product sales for 2013 were flat over 2012 despite a positive impact from foreign exchange. Net income of $2,258,000 for 2013 benefited from the positive impact of foreign exchange and improved shop efficiencies.

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