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Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended March 29, 2013

May 3 2013 12:00AM

Marketwire

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GUELPH, ONTARIO -- (Marketwired) -- 05/03/13 -- Hammond Manufacturing Company Limited (TSX: HMM.A) -

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.



Contacts:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com





Source: Marketwire


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