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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:
 9/27/20199/28/2018 9/27/20199/28/2018
Net product sales$113,547,000$111,233,000 $37,229,00037,333,000
Income from operating activities(*)6,289,0006,116,000 $1,768,0002,207,000
Net income for the period3,782,0003,490,000 $839,0001,489,000
Total comprehensive income for the period3,104,0003,986,000 $1,044,0001,135,000
      
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 CEOorAlexander Stirling CFO
Email:  RobHammond@hammfg.com Email:  AStirling@hammfg.com

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

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