Hammond Manufacturing Company Limited Announces Financial Results for the Third Quarter Ended September 30, 2011
October 20 2011 - 10:49AM
Marketwired Canada
HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results
for the third quarter ended September 30, 2011:
Nine months ending: Three months ending:
9/30/11 10/1/10 9/30/11 10/1/10
Net Sales $63,477,000 $59,317,000 $21,011,000 $19,726,000
Earnings from operating
activities((i)) 2,225,000 3,066,000 430,000 1,247,000
Profit for Period 1,171,000 1,781,000 103,000 853,000
Total comprehensive income
for the period 1,848,000 1,568,000 971,000 596,000
Earnings per share
Basic $ 0.10 $ 0.16 $ 0.01 $ 0.08
Diluted $ 0.10 $ 0.16 $ 0.01 $ 0.08
Shares outstanding 11,334,300 11,334,300 11,334,300 11,334,300
Net Book value per share $ 2.59 $ 2.42 $ 2.59 $ 2.42
((i)) Earnings from operations is before interest, foreign exchange, equity
interest, other income and taxes
NOTE: All numbers have been stated under IFRS
The interim financial results have not been reviewed by an auditor
To all employees and shareholders:
New orders in Q3 exceeded our forecasts and taxed our capacity in our Guelph
factory.
Operating earnings reflect the costs of responding to this surge in backlog
level with increased staffing and capacity. Moreover, production was disrupted
by a very hot July and August that resulted in lower outputs.
Our focus for Q4/11 is on the recovery of our service levels at normalized
productivity levels.
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 (TSX:HMM.A)
Historical Stock Chart
From May 2024 to Jun 2024
Hammond Manufacturing (TSX:HMM.A)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Hammond Manufacturing Company Limited (Toronto Stock Exchange): 0 recent articles
More Hammond Manufacturing Company Limited News Articles