Hammond Manufacturing Company (HMMA) Q3 2024 earnings summary

Executive summary

• Reported steady momentum in financial performance for the third quarter ending September 27, 2024.

Financial highlights

• Net product sales for the quarter were $62.2M, up from $57.1M in the same quarter last year.

• Net product sales for the nine months reached $183.2M, compared to $181.0M year-over-year.

• Net income for the quarter was $4.4M, up from $4.0M in the same quarter last year.

• Earnings per share (basic and diluted) for the quarter were $0.39, compared to $0.35 year-over-year.

Key financial ratios and metrics

• Operating income for the quarter was $6.5M, slightly down from $6.6M in the same quarter last year.

• Total comprehensive income for the quarter was $4.1M, compared to $4.5M year-over-year.