GUELPH, ONTARIO--(Marketwire - Oct. 25, 2012) - HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the third quarter ended September 28, 2012:
| Nine months ending: | Three months ending: | ||||||||||||
| 9/28/12 | 9/30/11 | 9/28/12 | 9/30/11 | ||||||||||
| Net Sales | $ | 70,869,000 | $ | 63,477,000 | $ | 22,788,000 | $ | 21,011,000 | |||||
| Earnings from operating activities* | 2,385,000 | 2,225,000 | 562,000 | 430,000 | |||||||||
| Income for Period | 1,398,000 | 1,171,000 | 313,000 | 103,000 | |||||||||
| Earnings per share | |||||||||||||
| Basic | $ | 0.12 | $ | 0.10 | $ | 0.02 | $ | 0.01 | |||||
| Diluted | $ | 0.12 | $ | 0.10 | $ | 0.02 | $ | 0.01 | |||||
| * 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:
A high Canadian dollar and cautious markets slowed sales in the quarter.
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