Hammond Manufacturing Company Ltd T.HMM.A

Alternate Symbol(s): HMFAF

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Hammond Manufacturing Company Limited is a Canada-based company, which is involved in the design, manufacture, and sale of electrical and electronic components. The Company manufactures a 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. Its primary products include electrical and electronic enclosures, racks and cabinets, power bars, and electronic (low voltage) transformers. The Company and its subsidiaries operate in Canada, the United States, the United Kingdom and Australia and Taiwan. Its products include Mild Steel Enclosures (Type 12, 4), Stainless Steel Enclosures (Type 4X), Aluminum Enclosures (Type 4X), Disconnect Enclosures, Modular Freestanding Enclosures, Operator Interface Enclosures, Wireway & Trough, Commercial Enclosures, Climate Control, Data Communication Infrastructure and General Accessories.

TSX:HMM.A - Post by User

Hammond Manufacturing Company Ltd > Margins are up

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Comment by FormerHedgieon May 01, 2024 2:21pm

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RE:RE:RE:RE:Margins are up

If you read the SEDAR filing, it says that they were able to pass through a price increase that was accepted by the market and they mention that is directly helped gross margins.

I don't think FX rates are necessarily the primary driver of the increases.

There is a two way impact of FX. It makes reveues (on a converted to CDN$ basis) apprear higher but many of their costs, even if the production is occuring in Canada, will still ultimately be priced in USD$ so the gives and the currency takes away.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle