U.S. Markets close in 6 hrs 20 mins

Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended March 29, 2013

GUELPH, ONTARIO--(Marketwired - May 3, 2013) - Hammond Manufacturing Company Limited (TSX:HMM.A) -

Three months ending:
3/29/13 3/30/12
Net Sales $ 23,718,000 $ 23,714,000
Income from operating activities(*) 1,051,000 803,000
Net Income for Period 536,000 520,000
Earnings per share
Basic $ 0.05 $ 0.05
Diluted $ 0.05 $ 0.05
* 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

To all employees and shareholders:

Sales were flat compared to the first quarter of 2012. Gross margin improvements were offset by foreign exchange headwinds.

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.