HMM.A Hammond Manufacturing Company Limited

Hammond Manufacturing Company Limited (TSX:HMM.A) - 



                                Six months ending:      Three months ending:
                               7/3/09      6/27/08       7/3/09      6/27/08

Net Sales                $ 36,717,000 $ 38,484,000 $ 16,957,000 $ 19,976,000
Earnings from operations $  1,494,000 $    822,000 $    562,000 $    440,000
Net Earnings             $    451,000 $  2,138,000 $     13,000 $    104,000
Earnings per share       $       0.04 $       0.19 $       0.00 $       0.01

Shares outstanding         11,334,300   11,334,300
Net Book value per share $       2.40 $       2.12



The second quarter has brought us into the recessionary times full force. We
have seen a significant softening in all our markets and have taken actions to
adjust to the conditions. Second quarter net sales are down 14.2% from the first
quarter of 2009. We have taken steps to reduce our capacity and cost levels on a
short-term basis. Earnings from operations are up over prior year comparative
periods primarily due to the foreign exchange impact from the US dollar.


We continue to position the company for a market recovery through upgrades to
our factory with such initiatives as the realignment of our paint and assembly
line, the addition of pour in place gasketing and investment in new product
development. We are committed to continue our plans to defend and expand our
market share.


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.

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