Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2011

HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the year and fourth quarter ended December 31, 2011:


                                                                            
                                Year ending:          Three months ending:  
                             12/31/11     12/31/10     12/31/11     12/31/10
Net Sales                $ 85,487,000 $ 78,587,000 $ 22,010,000 $ 19,270,000
Earnings from operating                                                     
 activities(i)              2,933,000    3,965,000      708,000      899,000
Income for Period           1,771,000    2,306,000      600,000      525,000
Total comprehensive                                                         
 income for the period      1,952,000    1,905,000      104,000      337,000
                                                                            
Earnings per share                                                          
 Basic                   $       0.16 $       0.20 $       0.05 $       0.05
 Diluted                 $       0.16 $       0.20 $       0.05 $       0.05
                                                                            
Shares outstanding         11,334,300   11,334,300   11,334,300   11,334,300
Net Book value per share $       2.60 $       2.45 $       2.59 $       2.42
                                                                            
(i) Earnings from operations is before interest, foreign exchange, equity 
interest, other income and taxes                                            
NOTE: All numbers have been stated under IFRS                               
    The interim financial results have not been reviewed by an auditor

We would like to announce that we earned 5 cents per share on sales of $22.0 million in the fourth quarter as compared to 5 cents per share on sales of $19.3 in the same quarter last year.

Full year earnings per share of 16 cents on sales of $85.5 million were down from 20 cents per share on sales of $78.6 million in 2010.

Our lower earnings per share for 2011 on higher sales is a direct result of intense competition and a high Canadian Dollar. Our focus going forward must be on cost reduction through employee involvement and service excellence as our key sales philosophy.

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.

Contacts: Hammond Manufacturing Company Limited Robert F. Hammond Chairman and CEO (519) 822-2960 (519) 822-7289 (FAX)ir@hammfg.com

Hammond Manufacturing (TSX:HMM.A)
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