HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the year and fourth quarter ended December 31, 2023:
Year ending:
Three months ending:
12/31/2023
12/31/2022
12/31/2023
12/31/2022
Net product sales
$238,285,000
$225,922,000
$57,275,000
56,847,000
Income from operating activities(*)
28,088,000
19,442,000
7,269,000
6,981,000
Net income for the period
18,761,000
12,003,000
5,071,000
4,999,000
Total comprehensive income for the period
18,134,000
13,533,000
4,469,000
4,883,000
Earnings per share
Basic
$1.66
$1.06
$0.45
$0.44
Diluted
$1.66
$1.06
$0.45
$0.44
Earnings from operations is before interest, foreign exchange, equity interest, other income and taxes NOTE: The interim financial results have not been review ed by an auditor
GUELPH, ONTARIO - March 5, 2024
To all employees and shareholders:
Year over year our sales are up 5.5% which included a 2.6% lift from foreign exchange. Gross margins have benefited from price increases, a stabilized workforce and improved utilization of our assets.
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 CEO
Tel. (519) 822-2960
Fax. (519) 822-7289
Email: ir@hammfg.com
For Release March 5, 2024
Attachments
Original Link
Original Document
Permalink
Disclaimer
Hammond Manufacturing Company Limited published this content on
05 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
05 March 2024 22:18:32 UTC.
Hammond Manufacturing Company Limited is a Canada-based company, which is involved in the design, manufacture, and sale of electrical and electronic components. The Company manufactures a 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. Its primary products include electrical and electronic enclosures, racks and cabinets, power bars, and electronic (low voltage) transformers. The Company and its subsidiaries operate in Canada, the United States, the United Kingdom and Australia and Taiwan. Its products include Mild Steel Enclosures (Type 12, 4), Stainless Steel Enclosures (Type 4X), Aluminum Enclosures (Type 4X), Disconnect Enclosures, Modular Freestanding Enclosures, Operator Interface Enclosures, Wireway & Trough, Commercial Enclosures, Climate Control, Data Communication Infrastructure and General Accessories.
HAMMOND MANUFACTURING COMPANY LIMITED 