Hammond Manufacturing Company Limited Announces Financial Results for First Quarter Ended March 28, 2014
29 April 2014 - 6:59AM
Marketwired Canada
Hammond Manufacturing Company Limited (TSX:HMM.A) -
Three months ending:
3/28/14 3/29/13
Net Product Sales $ 24,753,000 $ 23,887,000
Income from operating activities((i)) 1,355,000 1,051,000
Net Income for Period 755,000 536,000
Earnings per share
Basic $ 0.07 $ 0.05
Diluted $ 0.07 $ 0.05
((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 dollars were up as a result of a weaker Canadian dollar despite flat
product sales.
Operating income benefited from the weaker dollar as well as our continuous
improvement through employee involvement.
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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