Hammond Manufacturing Company Limited Announces Financial Results for the Second Quarter Ended June 29, 2012
20 July 2012 - 12:48AM
Marketwired Canada
HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results
for the second quarter ended June 29, 2012:
Six months ending: Three months ending:
6/29/12 7/1/11 6/29/12 7/1/11
Net Sales $ 48,081,000 $ 42,466,000 $ 24,367,000 $ 20,735,000
Earnings from
operating
activities(i) 1,823,000 1,795,000 1,020,000 237,000
Income for Period 1,085,000 1,068,000 565,000 96,000
Earnings per share
Basic $ 0.10 $ 0.09 $ 0.05 $ 0.00
Diluted $ 0.10 $ 0.09 $ 0.05 $ 0.00
(i) 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 levels continue to provide modest growth over prior quarters in a very
competitive market.
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.
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