Hammond Manufacturing Company Limited Announces Financial Results for First Quarter Ended March 28, 2014
April 28 2014 - 4:59PM
Marketwired
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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