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Celestica Announces Q2

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 second quarter ended June 30, 2011.

Second Quarter Results
Revenue for the quarter was $1.83 billion, compared to $1.59 billion in the second quarter of 2010. IFRS net earnings were $45.7 million, or $0.21 per share, compared to IFRS net earnings of $13.0 million, or $0.06 per share, for the same period last year. IFRS net earnings for the second quarter of 2011 included the following recurring items, which together resulted in a $0.06 per share (pre-tax) charge: stock-based compensation, amortization of intangible assets (excluding computer software) and restructuring charges. This aggregate (pre-tax) charge was within the range provided on April 21, 2011 of between $0.05 to $0.08 per share.

Adjusted net earnings for the quarter were $58.7 million, or $0.27 per share, compared to $50.4 million, or $0.22 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. 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.

For the six months ended June 30, 2011, revenue was $3.63 billion, compared to $3.10 billion for the same period in 2010. IFRS net earnings were $75.7 million, or $0.34 per share, compared to $41.5 million, or $0.18 per share, for the same period last year. Adjusted net earnings for the six months ended June 30, 2011 were $113.4 million, or $0.52 per share, compared to $93.9 million, or $0.40 per share, for the same period in 2010.

Read the full press release.

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