Business
Hammond Manufacturing Company Limited Provides Update on Tariff Receivable
(TheNewswire)    GUELPH, ONTARIO – TheNewswire - December 23, 2025 -...
About this update from Hammond Manufacturing Co. Ltd. Class A
[{"type":"text","content":"Hammond Manufacturing Company Limited Provides Update on Tariff Receivable\n(TheNewswire)\n\n  \n\nGUELPH, ONTARIO – TheNewswire - December 23,\n2025 - Hammond Manufacturing Company Limited (TSX:HMM.A) (the “Company”) announced that as a\nresult of evolving trade uncertainties, the\nCompany has revised its estimated U.S. tariff receivable established\nin the second quarter of 2025 from its current value of $2,604,000 to\nnil.  The impact will be reflected in the fourth quarter reporting\nand is expected to lower net income by $1,940,000. The receivable\nrelated to an anticipated refund for tariffs paid by the Company\nbetween the period March 12, 2025 and June 4, 2025 and does not impact\nthe Company’s results of operations for subsequent periods.\n\n\n \n\n\nThe Company manufactures a broad range of products for\nthe electronic and electrical products industry, including metallic\nand non-metallic enclosures, racks, small cases, outlet strips, surge\nsuppressors and electronic transformers.\n\n\n \n\n\nCautionary statement regarding\nforward-looking information:\n\n\nThis news release contains\n\"forward-looking information\" within the meaning of\napplicable securities laws. All statements, other than statements of\nhistorical fact, that address activities, events, or developments that\nthe Company believes, expects, or anticipates will, may, could, or\nmight occur in the future are \"forward-looking information\".\nForward looking information contained herein may include, but is not\nlimited to, statements regarding the impact of the revision on the\nCompany’s fourth quarter reporting and the lack of impact on the\nCompany’s results of operations for subsequent periods.\nForward-looking information contained herein reflects the current\nexpectations or beliefs of the Company based on information currently\navailable to it and is based on certain assumptions and is also\nsubject to a variety of known and unknown risks and uncertainties and\nother factors that could cause the actual events or results to differ\nmaterially from any future results, performance or achievements\nexpressed or implied by the forward looking information, and are not\n(and should not be considered to be) guarantees of future performance.\nAny forward-looking information speaks only as o...