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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