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| Press Release - Oct 25, 2007 |
Hammond Manufacturing Company Limited
394 Edinburgh Road North
Guelph, Ontario, Canada
N1H 1E5
Toronto: ( 905 ) 456 - 3770
Guelph: ( 519 ) 822 - 2960
Fax: ( 519 ) 822 - 8987 |
| TSE: HMM.A |
HAMMOND MANUFACTURING COMPANY LIMITED
announces financial results for
the third quarter ending September 28, 2007: |
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Nine months ending: |
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Three months ending: |
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September 28, 2007 |
September 29, 2006 |
|
September 28, 2007 |
September 29, 2006 |
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| Net Sales |
$55,858,000 |
$53,910,000 |
|
$18,241,000 |
$17,201,000 |
| Earnings
from Operations |
$1,142,000 |
$1,995,000 |
|
($190,000) |
$391,000 |
| Net Earnings |
$621,000 |
$800,000 |
|
$15,000 |
$207,000 |
| Earnings per Share |
$0.05 |
$0.07 |
|
$0.00 |
$0.02 |
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| Shares Outstanding |
11,334,300 |
11,314,300 |
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| Net book value per share |
$1.96 |
$1.88 |
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GUELPH, ONTARIO – October 25, 2007 – Despite a 6% increase in net sales over Q3 2006 our sales softened 5.8% from Q2 2007.
The negative impact of currency exchange on margins and balance sheet translation was offset by strong earnings at Moloney Electric. The result is a profit of $15,000 for 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. |
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For information contact:
Hammond Manufacturing Company Limited
Robert F. Hammond, Chairman and CEO
Tel: (519) 822.2960
Fax: (519) 822.8987
Email: ir@hammfg.com |
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| Guelph, Ontario, October 25, 2007 |
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