| Year ending: | Three months ending: | |||
| 12/31/2019 | 12/31/2018 | 12/31/2019 | 12/31/2018 | |
| Net product sales | $148,592,000 | $145,602,000 | $35,045,000 | 34,369,000 |
| Income from operating activities(*) | 7,469,000 | 7,713,000 | $1,180,000 | 1,597,000 |
| Net income for the period | 4,749,000 | 3,764,000 | $967,000 | 274,000 |
| Total comprehensive income for the period | 3,783,000 | 5,296,000 | $679,000 | 1,310,000 |
| Earnings per share | ||||
| Basic | $0.42 | $0.33 | $0.09 | $0.02 |
| Diluted | $0.42 | $0.33 | $0.09 | $0.02 |
| (*) 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, March 03, 2020 (GLOBE NEWSWIRE) --
To all employees and shareholders:
A modest growth year in sales. Gross profit levels are showing improvement while selling expenses were up as we push for market growth.
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
Tel. (519) 822-2960
Fax. (519) 822-7289
Email: ir@hammfg.com