HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the second quarter ended June 28, 2019:
| Six months ending: | Three months ending: | ||||
| 6/28/2019 | 6/29/2018 | 6/28/2019 | 6/29/2018 | ||
| Net product sales | $76,318,000 | $73,900,000 | $38,262,000 | 37,750,000 | |
| Income from operating activities(*) | 4,521,000 | 3,909,000 | $2,010,000 | 1,925,000 | |
| Net income for the period | 2,943,000 | 2,001,000 | $1,217,000 | 904,000 | |
| Total comprehensive income for the period | 2,060,000 | 2,851,000 | $719,000 | 1,195,000 | |
| Earnings per share | |||||
| Basic | $0.26 | $0.18 | $0.11 | $0.08 | |
| Diluted | $0.26 | $0.18 | $0.11 | $0.08 | |
| (*) 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, July 29, 2019 (GLOBE NEWSWIRE) --
To all employees and shareholders:
Sales remained strong despite the uncertainties of trade wars, Brexit and political uncertainties.
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.
| For information, contact: | ||
| Hammond Manufacturing Company Limited | ||
| Robert F. Hammond, Chairman and CEO | or | Alexander Stirling CFO |
| Email: | Email: |
Tel. (519) 822-2960
Fax. (519) 822-7289
