HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the year and fourth quarter ended December 31, 2017

Year ending: Three months ending:
12/31/201712/31/2016 12/31/201712/31/2016
Net product sales$127,406,000 $115,724,000 $30,772,000 $27,995,000
Income from operating activities(*) 5,973,000 2,296,000 1,210,000 672,000
Net income (loss) for period 4,560,000 684,000 818,000 -135,000
Total comprehensive income (loss) for the period 3,519,000 -38,000 907,000 187,000
Earnings (loss) per share
Basic$0.40 $0.06 $0.07 -$0.01
Diluted$0.40 $0.06 $0.07 -$0.01
(*) 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, March 05, 2018 (GLOBE NEWSWIRE) --

To all employees and shareholders:

Our expansion in 2016 was put to good use this year as we grew our sales by 10%.

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

Source: Hammond Manufacturing Company Limited