Celestica’s Q4 Revenue Down 4% YoY PDF Print E-mail
Written by Chelsey Drysdale   
Thursday, 30 January 2014 16:49

TORONTOCelestica reported fourth-quarter revenue of $1.437 billion, in line with guidance, down 4% year-over-year.

Net earnings for the quarter were $22.1 million, up 207% year-over-year.

For fiscal 2013, revenue was $5.8 billion, down 11% compared to 2012.

Net earnings for the year ended Dec. 31 were $118 million, an increase of 0.25% compared to 2012.

The firm’s 2012 restructuring as a result of the loss of business from BlackBerry is now complete. Celestica recorded aggregate restructuring charges of $72 million, comprised of $44 million in 2012 and $28 million in 2013, including $17.5 million recorded in the fourth quarter of 2013.

For the first quarter, ending Mar. 31, the company anticipates revenue in the range of $1.3 billion to $1.4 billion.

 

 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...