| Three months ending: | |||||
| 3/29/2019 | 3/30/2018 | ||||
| Net product sales | $ | 38,056,000 | $ | 36,150,000 | |
| Income from operating activities(*) | 2,511,000 | 1,984,000 | |||
| Net income for the period | 1,726,000 | 1,097,000 | |||
| Total comprehensive income for the period | 1,341,000 | 1,656,000 | |||
| Earnings per share | |||||
| Basic | $ | 0.15 | $ | 0.10 | |
| Diluted | $ | 0.15 | $ | 0.10 | |
| (*) 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 | |||||
GUELPH, Ontario, April 29, 2019 (GLOBE NEWSWIRE) --
To all employees and shareholders:
Net product sales grew modestly. Foreign exchange helped in the calculation of earnings per share but this was offset in other comprehensive income.
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 information, contact:
Hammond Manufacturing Company Limited
Robert F. Hammond, Chairman and CEO or Alexander Stirling CFO
Tel. (519) 822-2960 Email: AStirling@hammfg.com
Fax. (519) 822-7289
Email: RobHammond@hammfg.com