Home Technology Computer & Software Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth...

Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2013

GUELPH, ONTARIO–(Marketwired – March 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 Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com

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