GUELPH, ONTARIO–(Marketwired – March 3, 2017) – Hammond Manufacturing Company Limited (TSX:HMM.A) –
| Year ending: | Three months ending: | |||||||||||
| 12/31/2016 | 12/31/15 | 12/31/2016 | 12/31/15 | |||||||||
| Net Product Sales | $ | 115,724,000 | $ | 117,164,000 | $ | 27,995,000 | $ | 27,714,000 | ||||
| Income from operating activities* | 2,296,000 | 6,625,000 | 672,000 | 1,775,000 | ||||||||
| Net Income (Loss) for Period | 684,000 | 3,550,000 | (135,000 | ) | 1,080,000 | |||||||
| Total comprehensive income (loss) for the period | (38,000 | ) | 5,986,000 | 187,000 | 1,843,000 | |||||||
| Earnings (Loss) per share | ||||||||||||
| Basic | $ | 0.06 | $ | 0.31 | $ | (0.01 | ) | $ | 0.09 | |||
| Diluted | $ | 0.06 | $ | 0.31 | $ | (0.01 | ) | $ | 0.09 | |||
* 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:
With our new facility on line we continue to see quarter over quarter improvement in our income from operating activities. Our markets remain relatively flat.
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) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com