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: | ||||||||
| 10/02/15 | 9/26/14 | 10/02/15 | 9/26/14 | ||||||
| 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
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