Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2012
March 07 2013 - 2:12PM
Marketwired
Hammond Manufacturing Company Limited (TSX:HMM.A) -
Year ending: Three months ending:
12/31/12 12/31/11 12/31/12 12/31/11
Net Sales $ 92,425,000 $ 85,487,000 $ 21,556,000 $ 22,010,000
Earnings from operating
activities(i) 2,792,000 2,921,000 $ 407,000 $ 696,000
Income for Period 1,662,000 1,771,000 $ 264,000 $ 600,000
Earnings per share
Basic $ 0.15 $ 0.16 $ 0.02 $ 0.06
Diluted $ 0.15 $ 0.16 $ 0.02 $ 0.06
(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:
Sales dropped 5% compared to the last quarter as our markets
continue to soften. Overall results from operating activities have
also declined. With continuous improvement through employee
involvement we will lower costs and improve operational output.
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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