Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended April 3, 2009
06 Mai 2009 - 7:11PM
Marketwired Canada
Hammond Manufacturing Company Limited (TSX:HMM.A)
Three months ending:
4/3/09 3/28/08
Net Sales $ 19,760,000 $ 18,508,000
Earnings from operations $ 932,000 $ 382,000
Net Earnings $ 438,000 $ 2,034,000
Earnings per share $ 0.04 $ 0.18
Average Shares outstanding 11,334,300 11,334,300
Net Book value per share $ 2.40 $ 2.11
We are beginning to feel the impact of the slowing economy in the first quarter
of 2009. Sales are down 4.3% from the fourth quarter of 2008 and we have taken
short-term actions to adjust our capacity levels in line with the decline in
sales.
We will continue to monitor the situation closely and manage for the long-term
needs of our business.
Our continued success is due to the combined outputs of many individuals. We
remain dedicated to our long-term plan of supplying high value products to a
global market from a secure and profitable organization.
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.
Hammond Manufacturing (TSX:HMM.A)
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