Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2012
07 März 2013 - 8:12PM
Marketwired Canada
Hammond Manufacturing Company Limited (TSX:HMM.A) -
Year ending: Three months ending:
12/31/12 12/31/11 12/31/12 12/31/11
Net Sales $ 92,425,000 $ 85,487,000 $ 21,556,000 $ 22,010,000
Earnings from operating
activities(i) 2,792,000 2,921,000 $ 407,000 $ 696,000
Income for Period 1,662,000 1,771,000 $ 264,000 $ 600,000
Earnings per share
Basic $ 0.15 $ 0.16 $ 0.02 $ 0.06
Diluted $ 0.15 $ 0.16 $ 0.02 $ 0.06
(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 dropped 5% compared to the last quarter as our markets continue to soften.
Overall results from operating activities have also declined. With continuous
improvement through employee involvement we will lower costs and improve
operational output.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
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