Market Overview

HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for first quarter ended March 31, 2017

Share:
      Three months ending:
      3/31/2017   4/01/2016
Net Product Sales $31,727,000   $31,774,000
Income from operating activities(*) 1,449,000   2,022,000
Net Income for Period 1,002,000   1,725,000
Total comprehensive income for the period 866,000   623,000
           
Earnings per share      
  Basic   $0.09   $0.15
  Diluted   $0.09   $0.15
           
(*) 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, May 01, 2017 (GLOBE NEWSWIRE) --

To all employees and shareholders:

We continue to see positive quarter over quarter improvement since our new facility has come on line in the second quarter of 2016. Our market activity in the first quarter of 2017 exceeded our expectations.

Hammond Manufacturing Company Limited (TSX:HMM) 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:  ir@hammfg.com

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