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Science and Technology
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Hammond Manufacturing Company Limited Announces Financial Results for the Second Quarter Ended June 29, 2012
July 19, 2012 10:48 ET
Hammond Manufacturing Company Limited Announces Financial Results for the Second Quarter Ended June 29, 2012
GUELPH, ONTARIO--(Marketwire - July 19, 2012) -HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the second quarter ended June 29, 2012:
| Six months ending: | Three months ending: | ||||||||
| 6/29/12 | 7/1/11 | 6/29/12 | 7/1/11 | ||||||
| Net Sales | $ | 48,081,000 | $ | 42,466,000 | $ | 24,367,000 | $ | 20,735,000 | |
| Earnings from operating activities(*) | 1,823,000 | 1,795,000 | 1,020,000 | 237,000 | |||||
| Income for Period | 1,085,000 | 1,068,000 | 565,000 | 96,000 | |||||
| Earnings per share | |||||||||
| Basic | $ | 0.10 | $ | 0.09 | $ | 0.05 | $ | 0.00 | |
| Diluted | $ | 0.10 | $ | 0.09 | $ | 0.05 | $ | 0.00 | |
| (*) 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 levels continue to provide modest growth over prior quarters in a very competitive market.
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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