Hammond Manufacturing Company (HMMA) Q4 2024 earnings summary

Executive summary

• Reported steady momentum in financial performance for the fourth quarter and full year ending December 31, 2024.

Financial highlights

• Net product sales for the year reached $244.9 million, up from $238.3 million year-over-year.

• Net product sales for Q4 were $61.7 million, compared to $57.3 million in Q4 2023.

• Net income for the year was $18.4 million, slightly down from $18.8 million year-over-year.

• Q4 net income was $4.8 million, compared to $5.1 million in Q4 2023.

• Total comprehensive income for the year was $21.2 million, up from $18.1 million year-over-year.

Key financial ratios and metrics

• Basic and diluted earnings per share for the year were $1.62, compared to $1.66 in the prior year.

• Q4 basic and diluted EPS were $0.42, down from $0.45 in Q4 2023.

• Shares outstanding remained at 11,334,300.