Market Overview

HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the year and fourth quarter ended December 31, 2017

  Year ending:     Three months ending:
  12/31/2017 12/31/2016   12/31/2017 12/31/2016
Net product sales $127,406,000   $115,724,000   $30,772,000   $27,995,000
Income from operating activities(*)   5,973,000     2,296,000         1,210,000       672,000
Net income (loss) for period   4,560,000       684,000     818,000     -135,000
Total comprehensive income (loss) for the period                                3,519,000     -38,000     907,000     187,000
Earnings (loss) per share          
Basic $0.40   $0.06   $0.07     -$0.01
Diluted $0.40   $0.06   $0.07     -$0.01
(*) 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 05, 2018 (GLOBE NEWSWIRE) --

To all employees and shareholders: 

Our expansion in 2016 was put to good use this year as we grew our sales by 10%.

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
Tel. (519) 822-2960
Fax. (519) 822-7289


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