Year ending: Three months ending: 12/31/12 12/31/11 12/31/12 12/31/11Net Sales $ 92,425,000 $ 85,487,000 $ 21,556,000 $ 22,010,000Earnings from operating activities(i) 2,792,000 2,921,000 $ 407,000 $ 696,000Income for Period 1,662,000 1,771,000 $ 264,000 $ 600,000Earnings per share Basic $ 0.15 $ 0.16 $ 0.02 $ 0.06 Diluted $ 0.15 $ 0.16 $ 0.02 $ 0.06(i) 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 dropped 5% compared to the last quarter as our markets continue to soften. Overall results from operating activities have also declined. With continuous improvement through employee involvement we will lower costs and improve operational output.
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) 822-7289 (FAX)