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Celestica Reports Q1 Net Earnings of $29.8M |
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Written by Chelsey Drysdale
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Thursday, 24 April 2008 |
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TORONTO – EMS provider Celestica Inc. announced net earnings for the first quarter 2008 were $29.8 million, compared to a net loss of $34.3 million for the same period last year.
Revenue was $1.84 billion, down a slight 0.33% year-over-year.
Adjusted net earnings were $35.4 million, compared to an adjusted net loss of $9.1 million year-over-year.
Restructuring charges in the quarter were $3.3 million compared to $8 million in the first quarter of 2007.
For the second quarter, ending June 30, the company anticipates revenue to be in the range of $1.8 billion to $2 billion.
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