MRO Magazine

Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2014


March 6, 2015
By Marketwired News

GUELPH, ONTARIO–(Marketwired – March 6, 2015) – Hammond Manufacturing Company Limited (TSX:HMM.A)

 Year ending:Three months ending:
 12/31/1412/31/1312/31/1412/31/13
Net Product Sales$105,272,000$92,936,000$28,405,000$23,022,000
Income from operating activities(*)5,919,0003,757,000$1,543,000$857,000
Net Income for Period3,637,0002,258,000$984,000$755,000
     
Earnings per share    
 Basic$0.32$0.20$0.09$0.07
 Diluted$0.32$0.20$0.09$0.07
(*)Earnings from operations is before interest, foreign exchange, equity interest, other income and taxes
NOTE: The interim financial results have not been review ed by an auditor 

To all employees and shareholders:

High sales helped by a weakening Canadian dollar pushed us over the $100 million sales level. The challenges ahead will come from the impact of the oil price collapse as well as increased interest costs as we move forward with our expansion plans.

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