Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2013
March 07 2014 - 12:37PM
Marketwired
Hammond Manufacturing Company Limited Announces Financial Results
for the Year and Fourth Quarter Ended December 31, 2013
GUELPH, ONTARIO--(Marketwired - Mar 7, 2014) - Hammond
Manufacturing Company Limited (TSX:HMM.A) -
|
Year ending: |
Three months ending: |
|
12/31/13 |
12/31/12 |
12/31/13 |
12/31/12 |
| Net Product Sales |
$ |
92,314,000 |
$ |
92,425,000 |
$ |
22,969,000 |
$ |
21,556,000 |
| Income from operating activities(*) |
|
3,757,000 |
|
2,792,000 |
$ |
857,000 |
$ |
407,000 |
| Net Income for Period |
|
2,258,000 |
|
1,662,000 |
$ |
755,000 |
$ |
264,000 |
|
| Earnings per share |
|
|
|
|
|
|
|
|
|
Basic |
$ |
0.20 |
$ |
0.15 |
$ |
0.07 |
$ |
0.02 |
|
Diluted |
$ |
0.20 |
$ |
0.15 |
$ |
0.07 |
$ |
0.02 |
(*) 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:
Net product sales for 2013 were flat over 2012 despite a
positive impact from foreign exchange. Net income of $2,258,000 for
2013 benefited from the positive impact of foreign exchange and
improved shop efficiencies.
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 Company LimitedRobert F. HammondChairman
and CEO(519) 822-2960(519) 822-7289ir@hammfg.com
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