Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2009
18 Mars 2010 - 4:56PM
Marketwired Canada
Hammond Manufacturing Company Limited (TSX:HMM.A) -
Twelve months ending: Three months ending:
12/31/09 12/31/08 12/31/09 12/31/08
Net Sales $ 69,406,000 $ 78,160,000 $ 16,190,000 $ 20,641,000
Earnings from
operations $ 1,525,000 $ 4,155,000 $ 156,000 $ 2,740,000
Net Earnings $ (44,000) $ 4,889,000 $ 69,000 $ 2,445,000
Earnings per share $ (0.00) $ 0.43 $ 0.01 $ 0.21
Shares outstanding 11,334,300 11,334,300
Net Book value per
share $ 2.36 $ 2.36
The recession impacted our 2009 results. Sales for 2009 dropped approximately
11.2% from the prior year resulting in a loss of $44,000. We continue to
position the operations for the future.
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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