HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the third quarter ended September 27, 2019:
| Nine months ending: | Three months ending: | |||||
| 9/27/2019 | 9/28/2018 | 9/27/2019 | 9/28/2018 | |||
| Net product sales | $113,547,000 | $111,233,000 | $37,229,000 | 37,333,000 | ||
| Income from operating activities(*) | 6,289,000 | 6,116,000 | $1,768,000 | 2,207,000 | ||
| Net income for the period | 3,782,000 | 3,490,000 | $839,000 | 1,489,000 | ||
| Total comprehensive income for the period | 3,104,000 | 3,986,000 | $1,044,000 | 1,135,000 | ||
| Earnings per share | ||||||
| Basic | $0.33 | $0.31 | $0.07 | $0.13 | ||
| Diluted | $0.33 | $0.31 | $0.07 | $0.13 | ||
| (*) 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, Oct. 24, 2019 (GLOBE NEWSWIRE) --
To all employees and shareholders:
Year to date sales are up 2.0% over last year. Our markets remain cautious with trade wars 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
