Science & Technology
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Science and Technology
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Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended March 30, 2012
May 03, 2012 12:18 ET
Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended March 30, 2012
GUELPH, ONTARIO--(Marketwire - May 3, 2012) -HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the first quarter ended March 30, 2012:
| Three months ending: | |||||
| March 30, 2012 | April 1, 2011 | ||||
| Net Sales | $ | 23,714,000 | $ | 21,731,000 | |
| Earnings from operating activities(*) | 803,000 | 1,558,000 | |||
| Income for Period | 520,000 | 972,000 | |||
| Earnings per share | |||||
| Basic | $ | 0.05 | $ | 0.09 | |
| Diluted | $ | 0.05 | $ | 0.09 | |
| (*) 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 growth continues with pressures from a high Canadian dollar and a large volume of low margin work.
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.
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