Hammond Manufacturing Company Limited Announces Financial Results for the Third Quarter Ended October 2, 2009

Market Wire

posted: 35 DAYS 23 HOURS AGO

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GUELPH, ONTARIO -- (Marketwire) -- 10/22/09 -- Hammond Manufacturing Company Limited (TSX: HMM.A) -

Nine months ending: Three months ending: 10/2/09 9/26/08 10/2/09 9/26/08 Net Sales $ 53,216,000 $ 57,519,000 $ 16,499,000 $ 19,035,000 Earnings from operations $ 1,370,000 $ 1,415,000 $ (124,000) $ 593,000 Net Earnings $ (113,000) $ 2,444,000 $ (564,000) $ 306,000 Earnings per share $ (0.01) $ 0.22 $ (0.05) $ 0.03

Shares outstanding 11,334,300 11,334,300 Net Book value per share $ 2.35 $ 2.14

Third quarter results provided a loss of $564,000. This consisted of a $124,000 loss from operations and $260,000 loss from foreign exchange valuation as the Canadian dollar strengthened.

Our continued focus is on cost reduction and market share growth.

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

MARKET WIRE

2009-10-22 13:10:13