GUELPH, ONTARIO–(Marketwired – March 6, 2015) – Hammond Manufacturing Company Limited (TSX:HMM.A)
| Year ending: | Three months ending: | ||||
| 12/31/14 | 12/31/13 | 12/31/14 | 12/31/13 | ||
| Net Product Sales | $105,272,000 | $92,936,000 | $28,405,000 | $23,022,000 | |
| Income from operating activities(*) | 5,919,000 | 3,757,000 | $1,543,000 | $857,000 | |
| Net Income for Period | 3,637,000 | 2,258,000 | $984,000 | $755,000 | |
| Earnings per share | |||||
| Basic | $0.32 | $0.20 | $0.09 | $0.07 | |
| Diluted | $0.32 | $0.20 | $0.09 | $0.07 | |
| (*) | Earnings from operations is before interest, foreign exchange, equity interest, other income and taxes |
| NOTE: The interim financial results have not been review ed by an auditor | |
To all employees and shareholders:
High sales helped by a weakening Canadian dollar pushed us over the $100 million sales level. The challenges ahead will come from the impact of the oil price collapse as well as increased interest costs as we move forward with our expansion plans.
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.
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate