Hammond Manufacturing Company Limited Announces Financial Results for Third Quarter Ended September 30, 2016

GUELPH, ONTARIO–(Marketwired – Oct. 28, 2016) – Hammond Manufacturing Company Limited (TSX:HMM.A) –

Nine months ending: Three months ending:
9/30/2016 10/02/15 9/30/2016 10/02/15
Net Product Sales $87,729,000 $89,450,000 $27,944,000 $29,941,000
Income from operating activities(*) 1,624,000 4,850,000 188,000 1,636,000
Net Income (Loss) for Period 819,000 2,470,000 (296,000) 705,000
Total comprehensive income (loss) for the period (225,000) 4,143,000 (82,000) 1,346,000
Earnings (Loss) per share
Basic $0.07 $0.22 ($0.03) $0.09
Diluted $0.07 $0.22 ($0.03) $0.09

To all employees and shareholders:

We have seen some improvement over the previous quarter in our operations as our new facility comes on line. Our markets continue to provide relatively flat activity.

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
Tel. (519) 822-2960
(519) 822-7289 (FAX)
[email protected]