Core Viewpoint - The appointment of Paul Heuts as Chief Financial Officer is expected to enhance the financial strategy and long-term value for shareholders at Hammond Manufacturing Company Limited [1][3]. Group 1: Appointment Details - Paul Heuts will assume the role of Chief Financial Officer effective November 17, 2025, succeeding Alex Stirling, who served as interim CFO [1]. - Paul brings over 18 years of experience in finance and manufacturing operations, previously serving as Vice President Finance at Mattr [2]. Group 2: Expertise and Responsibilities - His expertise encompasses financial reporting, audits, internal controls, strategic planning, treasury, taxation, and risk management [2]. - In his last position, Paul was responsible for six P&Ls across four countries: Canada, U.S., Germany, and China, showcasing his capability in managing complex global financial operations [2]. Group 3: Company Overview - Hammond Manufacturing Company Limited produces 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 [3].

Financial Performance - For the nine months ending September 26, 2025, net product sales reached $209.278 million, an increase from $183.196 million for the same period in 2024, reflecting a growth of approximately 14.0% [1] - Income from operating activities decreased to $18.987 million from $20.651 million year-over-year [1] - Net income for the period was $12.488 million, down from $13.568 million in the previous year [1] - Total comprehensive income for the period was $11.520 million, compared to $14.315 million in the prior year [1] - Earnings per share (EPS) remained at $1.10 for both basic and diluted shares, down from $1.20 in the previous year [1] Market Conditions - The company reports that North American markets remain strong, indicating a positive outlook for sales despite challenges [1] - Ongoing US tariffs are negatively impacting earnings, suggesting external economic factors are affecting profitability [1] Company Overview - Hammond Manufacturing Company Limited specializes in manufacturing 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]

Company Overview - Hammond Manufacturing Company Limited produces 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]. Management Changes - The CFO Mike Hobbs left Hammond on August 22, 2025, and an executive search is currently underway to find a permanent successor [1]. - In the interim, Alex Stirling, the Executive VP who previously held the CFO role, will take on the responsibilities of CFO to ensure continuity in financial operations [1].

Core Points - Hammond Manufacturing Company Limited (HMCL) has declared a dividend of $0.03 per Class A Subordinate Voting Share and $0.03 per Class B Common share, payable on August 22, 2025, to shareholders of record as of August 11, 2025 [1] - The board has not established a formal dividend policy, and no future dividend declarations have been decided [2] - The entire amount of the declared dividend is designated as an "eligible dividend" under the Income Tax Act (Canada) [3] Company Overview - Hammond Manufacturing Company Limited produces 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 [4]

Core Insights - Year-to-date sales for the company have increased compared to the previous year, but overall earnings have declined due to the impact of tariffs on products sold in the US [1]. Financial Performance - Net product sales for the six months ending June 27, 2025, were $138.492 million, up from $121.030 million for the same period in 2024, representing a year-over-year increase of approximately 14% [1]. - Income from operating activities decreased to $13.254 million for the six months ending June 27, 2025, compared to $14.188 million for the same period in 2024, a decline of about 6.6% [1]. - Net income for the period was $8.630 million, down from $9.169 million in the previous year, reflecting a decrease of approximately 5.9% [1]. - Total comprehensive income for the period was $7.011 million, compared to $10.250 million in the previous year, indicating a significant decline of about 31.5% [1]. - Earnings per share (EPS) for the six months was $0.76, down from $0.81 in the previous year [1]. Company Overview - Hammond Manufacturing Company Limited specializes in manufacturing 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].

Core Points - Hammond Manufacturing Company Limited held its Annual General Meeting on April 29, 2025, in Guelph, Ontario, and announced the voting results in accordance with Toronto Exchange requirements [1] - Shareholders approved all items of business, including the appointment of KPMG LLP as outside auditors and the election of all director nominees [2] Election of Directors - Seven nominees were elected as directors until the next annual meeting or until their successors are appointed, with the following voting results: - Robert F. Hammond: 14,684,459 votes for (96.87%) [3] - Edward Sehl: 15,097,329 votes for (99.59%) [3] - Paul Quigley: 15,097,287 votes for (99.59%) [3] - Sheila Hammond: 14,649,413 votes for (96.64%) [3] - Michael Fricker: 15,097,349 votes for (99.59%) [3] - Sarah Hansen: 14,653,313 votes for (96.66%) [3] - Blaine Witt: 15,097,349 votes for (99.59%) [3] Appointment of Auditors - KPMG LLP was appointed as auditors for the fiscal year ending December 31, 2025, with the Directors authorized to fix their remuneration [4] Company Overview - Hammond Manufacturing Company Limited 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 [5]