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Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended March 30, 2012(May 03, 2012)
GUELPH, ONTARIO -- (Marketwire) -- 05/03/12 -- HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the first quarter ended March 30, 2012:
Three months ending: March 30, 2012 April 1, 2011 Net Sales $ 23,714,000 $ 21,731,000 Earnings from operating activities(i) 803,000 1,558,000 Income for Period 520,000 972,000 Earnings per share Basic $ 0.05 $ 0.09 Diluted $ 0.05 $ 0.09 (i) 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 growth continues with pressures from a high Canadian dollar and a large volume of low margin work.
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 (FAX)
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