MRO Magazine

Hammond Manufacturing Company Limited Announces Financial Results for Second Quarter Ended July 3, 2015


August 7, 2015
By Marketwired News

GUELPH, ONTARIO–(Marketwired – Aug. 7, 2015) – Hammond Manufacturing Company Limited (TSX:HMM.A) –

 Six months ending:Three months ending:
 7/03/156/27/147/03/156/27/14
Net Product Sales$59,509,000$50,968,000$28,993,000$26,215,000
Income from operating activities* 3,214,000 2,934,000$1,307,000$1,579,000
Net Income for Period 1,765,000 1,904,000$937,000$1,149,000
         
Earnings per share        
 Basic$0.16$0.17$0.09$0.10
 Diluted$0.16$0.17$0.09$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

To all employees and shareholders:

Competitive pricing has brought in additional business but at lower margins. We need to streamline our activities and capitalize on the volume.

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 Limited
Robert F. Hammond
Chairman and CEO
(519) 822-7289
(519) 822-2960
ir@hammfg.com