Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2013
08 March 2014 - 4:37AM
Marketwired Canada
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((i)) 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
((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:
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
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