Newspaper article The Canadian Press

Celestica Reports US$69.2M Profit for Q4, Up from $38.4M Year Ago: Celestica Profit Up from Year Ago Mark

Newspaper article The Canadian Press

Celestica Reports US$69.2M Profit for Q4, Up from $38.4M Year Ago: Celestica Profit Up from Year Ago Mark

Article excerpt

TORONTO - Electronics manufacturing company Celestica Inc. (TSX:CLS), which keeps its books in U.S. dollars, said Thursday earnings in its most recent quarter grew to US$69.2 million.

The Toronto-based company said the profit amounted to 32 cents per share in its latest quarter, up from $38.4 million or 17 cents per share a year ago.

Revenue for the quarter totalled $1.75 billion, down from $1.88 billion.

After adjusting for one-time charges, the company said it earned $71.1 million or 33 cents per share, up from $61.3 million or 27 cents a year ago when the company took a $9.1-million non-cash impairment charge.

In its outlook for the first quarter, the company said it expects revenue to be in the range of $1.6 billion to $1.7 billion and adjusted earnings per share to be in the range of 18 cents to 24 cents.

"Given the economic uncertainty going into 2012, we remain focused on making our customers successful by delivering the quality, speed and flexibility they require in this challenging environment while continuing to execute our strategy and deliver strong and consistent financial returns," chief executive Craig Muhlhauser said in a statement. …

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