GUELPH, ONTARIO--(Marketwire - July 19, 2012) - HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the second quarter ended June 29, 2012:
| Six months ending: | Three months ending: | ||||||||
| 6/29/12 | 7/1/11 | 6/29/12 | 7/1/11 | ||||||
| Net Sales | $ | 48,081,000 | $ | 42,466,000 | $ | 24,367,000 | $ | 20,735,000 | |
| Earnings from operating activities(*) | 1,823,000 | 1,795,000 | 1,020,000 | 237,000 | |||||
| Income for Period | 1,085,000 | 1,068,000 | 565,000 | 96,000 | |||||
| Earnings per share | |||||||||
| Basic | $ | 0.10 | $ | 0.09 | $ | 0.05 | $ | 0.00 | |
| Diluted | $ | 0.10 | $ | 0.09 | $ | 0.05 | $ | 0.00 | |
| (*) 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 levels continue to provide modest growth over prior quarters in a very competitive market.
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.
Contact Information:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com