Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended March 29, 2013
GUELPH, ONTARIO--(Marketwired - May 3, 2013) - Hammond Manufacturing Company Limited (TSX:HMM.A) -
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Three months ending:
|
|
3/29/13
|
3/30/12
|
|
Net Sales
|
$ |
23,718,000 |
$ |
23,714,000 |
|
Income from operating activities(*)
|
|
1,051,000 |
|
803,000 |
|
Net Income for Period
|
|
536,000 |
|
520,000 |
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Earnings per share
|
|
|
|
|
|
Basic
|
$ |
0.05 |
$ |
0.05 |
|
Diluted
|
$ |
0.05 |
$ |
0.05 |
|
| * 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:
Sales were flat compared to the first quarter of 2012. Gross margin improvements were offset by foreign exchange headwinds.
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.
Contact Information:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
