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HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the third quarter ended September 27, 2019:

  Nine months ending:   Three months ending:
  9/27/2019 9/28/2018   9/27/2019 9/28/2018
Net product sales $113,547,000 $111,233,000   $37,229,000 37,333,000
Income from operating activities(*) 6,289,000 6,116,000   $1,768,000 2,207,000
Net income for the period 3,782,000 3,490,000   $839,000 1,489,000
Total comprehensive income for the period 3,104,000 3,986,000   $1,044,000 1,135,000
           
Earnings per share          
Basic $0.33 $0.31   $0.07 $0.13
Diluted $0.33 $0.31   $0.07 $0.13
           
(*) 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, Oct. 24, 2019 (GLOBE NEWSWIRE) --

To all employees and shareholders:

Year to date sales are up 2.0% over last year. Our markets remain cautious with trade wars and political uncertainties.

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 or Alexander Stirling CFO
Email:  RobHammond@hammfg.com   Email:  AStirling@hammfg.com

Tel. (519) 822-2960
Fax. (519) 822-7289