GUELPH, ONTARIO -- (Marketwired) -- 08/07/15 -- Hammond Manufacturing Company Limited (TSX: HMM.A) -
Six months ending: Three months ending:
7/03/15 6/27/14 7/03/15 6/27/14
Net Product Sales $59,509,000 $50,968,000 $28,993,000 $26,215,000
Income from operating
activities(i) 3,214,000 2,934,000 $ 1,307,000 $ 1,579,000
Net Income for Period 1,765,000 1,904,000 $ 937,000 $ 1,149,000
Earnings per share
Basic $ 0.16 $ 0.17 $ 0.09 $ 0.10
Diluted $ 0.16 $ 0.17 $ 0.09 $ 0.10
(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:
Competitive pricing has brought in additional business but at lower margins. We need to streamline our activities and capitalize on the volume.
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.
Contacts:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
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