Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended March 30, 2012
May 03 2012 - 12:18PM
Marketwired Canada
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.
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