MRO Magazine

Hammond Manufacturing Company Limited Announces Financial Results for Third Quarter Ended October 2, 2015


November 2, 2015
By Marketwired News

GUELPH, ONTARIO–(Marketwired – Nov. 2, 2015) – Hammond Manufacturing Company Limited (TSX:HMM.A) –

 Nine months ending:Three months ending:
 10/02/159/26/1410/02/159/26/14
Net Product Sales$89,450,000$76,867,000$29,941,000$25,899,000
Income from operating activities* 4,850,000 4,376,000$1,636,000$1,442,000
Net Income for Period 2,470,000 2,653,000$705,000$749,000
Total comprehensive income for the period 4,143,000 3,143,000 1,346,000 1,192,000
         
Earnings per share        
 Basic$0.22$0.23$0.06$0.07
 Diluted$0.22$0.23$0.06$0.07
 
* 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:

Foreign exchange continues to provide the opportunity to price competitively and bring in additional business.

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