Hammond Manufacturing Company Limited Announces Financial Results for First Quarter Ended March 28, 2014

GUELPH, ONTARIO--(Marketwired - Apr 28, 2014) - 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(*) 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
(*) 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.

Hammond Manufacturing Company LimitedRobert F. HammondChairman and CEO(519) 822-2960(519) 822-7289ir@hammfg.com

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