Three months ending: 3/29/13 3/30/12Net Sales $ 23,718,000 $ 23,714,000Income from operating activities((i)) 1,051,000 803,000Net Income for Period 536,000 520,000Earnings per share Basic $ 0.05 $ 0.05 Diluted $ 0.05 $ 0.05(i) Earnings from operations is before interest, foreign exchange, equity interest, other income and taxesNOTE: The interim financial results have not been reviewed by an auditor
To all employees and shareholders:
Sales were flat compared to the first quarter of 2012. Gross margin improvements were offset by foreign exchange headwinds.
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)