HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the year and fourth quarter ended December 31, 2018
| Year ending: | Three months ending: | ||||||||
| 12/31/2018 | 12/31/2017 | 12/31/2018 | 12/31/2017 | ||||||
| Net product sales | $ | 145,602,000 | $ | 127,406,000 | $ | 34,369,000 | 30,772,000 | ||
| Income from operating activities(*) | 7,713,000 | 5,973,000 | $ | 1,597,000 | 1,210,000 | ||||
| Net income for the period | 3,764,000 | 4,560,000 | $ | 274,000 | 818,000 | ||||
| Total comprehensive income for the period | 5,296,000 | 3,519,000 | $ | 1,310,000 | 907,000 | ||||
| Earnings per share | |||||||||
| Basic | $ | 0.33 | $ | 0.40 | $ | 0.02 | $ | 0.07 | |
| Diluted | $ | 0.33 | $ | 0.40 | $ | 0.02 | $ | 0.07 | |
| (*) 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 | |||||||||
GUELPH, Ontario, March 04, 2019 (GLOBE NEWSWIRE) --
To all employees and shareholders:
Our new orders slowed over the last months of the year. Combined with year-end adjustments, our reported profits are lower.
Compared to 2017, our results for last year are good and send us into 2019 with a focus on the need for continual improvements.
Hammond Manufacturing Company Limited (Trade Symbol TSX:HMM.A) 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.
For information, contact:
Hammond Manufacturing Company Limited
Robert F. Hammond, Chairman and CEO
Tel. (519) 822-2960
Fax. (519) 822-7289
Email:
