GUELPH, ONTARIO--(Marketwire - July 19, 2012) - HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the second quarter ended June 29, 2012:
| |
|
Six months ending: |
|
Three months ending: |
| |
|
6/29/12 |
|
7/1/11 |
|
6/29/12 |
|
7/1/11 |
| Net Sales |
$ |
48,081,000 |
$ |
42,466,000 |
$ |
24,367,000 |
$ |
20,735,000 |
| Earnings from operating activities(*) |
|
1,823,000 |
|
1,795,000 |
|
1,020,000 |
|
237,000 |
| Income for Period |
|
1,085,000 |
|
1,068,000 |
|
565,000 |
|
96,000 |
| |
| Earnings per share |
|
|
|
|
|
|
|
|
| |
Basic |
$ |
0.10 |
$ |
0.09 |
$ |
0.05 |
$ |
0.00 |
| |
Diluted |
$ |
0.10 |
$ |
0.09 |
$ |
0.05 |
$ |
0.00 |
| |
| (*) 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 levels continue to provide modest growth over prior quarters in a very competitive market.
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.