Advertisement

News Wire

Celestica Announces Q1

TORONTO — Celestica Inc. (NYSE: CLS) (TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced financial results for the first quarter ended March 31, 2011.

First Quarter Results
Revenue for the quarter was $1.80 billion, compared to $1.52 billion in the first quarter of 2010. IFRS net earnings were $30.0 million, or $0.14 per share, compared to IFRS net earnings of $28.5 million, or $0.12 per share, for the same period last year. IFRS net earnings for the first quarter of 2011 included a $0.11 per share (pre-tax) charge for the following items: stock-based compensation, amortization of intangible assets (excluding computer software) and restructuring charges. This charge was within the range provided on January 27, 2011 of between $0.07 to $0.11 per share.

Adjusted net earnings for the quarter were $54.7 million, or $0.25 per share, compared to $43.5 million, or $0.19 per share, for the same period last year. The term adjusted net earnings is a non-IFRS measure defined as net earnings before stock-based compensation, amortization of intangible assets (excluding computer software), restructuring and other charges, and gains or losses related to the repurchase of shares or debt, net of tax adjustments and significant deferred tax write-offs or recoveries. Detailed IFRS financial statements and supplementary information related to adjusted net earnings and other non-IFRS measures appear at the end of this press release.

Read the full press release.

{complink 987|Celestica Inc.}

0 comments on “Celestica Announces Q1

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.