GUELPH, ONTARIO--(Marketwire - Oct. 25, 2012) - HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the third quarter ended September 28, 2012:
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Nine months ending: |
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Three months ending: |
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9/28/12 |
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9/30/11 |
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9/28/12 |
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9/30/11 |
| Net Sales |
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$ |
70,869,000 |
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$ |
63,477,000 |
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$ |
22,788,000 |
|
$ |
21,011,000 |
| Earnings from operating activities* |
|
|
2,385,000 |
|
|
2,225,000 |
|
|
562,000 |
|
|
430,000 |
| Income for Period |
|
|
1,398,000 |
|
|
1,171,000 |
|
|
313,000 |
|
|
103,000 |
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| Earnings per share |
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|
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|
|
|
|
|
|
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|
| |
Basic |
|
$ |
0.12 |
|
$ |
0.10 |
|
$ |
0.02 |
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$ |
0.01 |
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Diluted |
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$ |
0.12 |
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$ |
0.10 |
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$ |
0.02 |
|
$ |
0.01 |
| * 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:
A high Canadian dollar and cautious markets slowed sales in the quarter.
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.