Hammond Manufacturing Company Limited Provides Update on Tariff Receivable

Core Viewpoint - Hammond Manufacturing Company Limited has revised its estimated U.S. tariff receivable from $2,604,000 to nil due to evolving trade uncertainties, which will lower net income by $1,940,000 in the fourth quarter reporting [1]. Group 1 - The company manufactures a wide 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 [2]. - The revised tariff receivable relates to an anticipated refund for tariffs paid between March 12, 2025, and June 4, 2025, and does not affect the company's results of operations for subsequent periods [1].