HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the third quarter ended September 25, 2020

Nine months ending:

Three months ending:

9/25/2020

9/27/2019

9/25/2020

9/27/2019

Net product sales

$109,359,000

$113,547,000

$35,581,000

37,229,000

Income from operating activities(*)

6,202,000

6,289,000

$1,314,000

1,768,000

Net income for the period

3,301,000

3,782,000

$921,000

839,000

Total comprehensive income for the period

3,882,000

3,104,000

$504,000

1,044,000

Earnings per share

Basic

$0.29

$0.33

$0.08

$0.07

Diluted

$0.29

$0.33

$0.08

$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 – TheNewswire – Hammond Manufacturing Company Limited Trade Symbol (TSX:HMM.A) (OTC:HMFAF) – October 26, 2020

To all employees and shareholders:

After a disrupted second quarter, our markets improved as we progressed through the quarter.

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

Email: RobHammond@hammfg.com

Alexander Stirling CFO

Email: AStirling@hammfg.com

Tel. (519) 822-2960

Fax. (519) 822-7289

Copyright (c) 2020 TheNewswire – All rights reserved.

You must be logged in to post a comment Login