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Press Release - March 5, 2007
 
Hammond Manufacturing Company Limited,
394 Edinburgh Road North,
GUELPH , Ontario N1H 1E5.
Tel # ( 519 ) 822 - 2960
Fax # ( 519 ) 822 - 8987
 
TSE: HMM.A
Financial Results for the Year
and Fourth Quarter Ended December 31, 2006.
 
  Twelve months ending
Dec. 31st :		 Three months ending
Dec. 31st :
2006 2005 2006 2005
Net Sales 71,005,000 66,718,000 17,095,000 16,961,000
Earnings (loss) from operations 2,566,000 292,000 571,000 (140,000)
Net earnings (loss) 1,174,000 (430,000) 374,000 (316,000)
Earnings (loss) per share .10 (.04) .03 (.03)
 

We are pleased to report sales growth and improved earnings for the year and fourth quarter ended December 31, 2006 compared to 2005.
Through the efforts of our employees we were able to achieve sales growth and margin improvement, increase our earnings from operations, generate positive cash flow, and reduce the level of our bank indebtedness. The balance sheet remains strong, and provides a good platform to build on as we continually re-invest in the business for the future.

We continue to be focused on productivity improvements, product niches and market share, with the goal of long-term growth and security.

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.

 
Information Contacts:

Robert F. Hammond, Chairman and CEO
Tel: (519) 822.2960
Fax: (519) 822.8987
Email: [email protected]
Guelph, Ontario, March 5, 2007
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