TORONTO – Celestica reported fourth-quarter revenue of $1.42 billion, at the midpoint of guidance, down 0.86% year-over-year.

The firm posted a net loss of $4.4 million for the quarter, compared to net earnings of $22.1 million in the fourth quarter of 2013.

Revenue from the firm’s diversified end market was 27% of total revenue, flat year-over-year.

For fiscal year 2014 ended Dec. 31, Celestica’s revenue was $5.63 billion, down 2.84% year-over-year.

Net income for 2014 was $108.2 million, down 8.3% year-over-year.

Revenue from the firm’s diversified end market was up 7% from 2013, representing 28% of total revenue.

"Celestica delivered solid operating results in the fourth quarter and throughout 2014, despite a business environment that continued to be challenging in our end markets.  In 2014, we successfully rationalized our business portfolio and increased productivity across our network, achieving year-over-year growth in operating earnings, return on invested capital and free cash flow,” said Craig Muhlhauser, Celestica's president and CEO.

"While we are clearly disappointed with the impairment of goodwill related to the acquisitions in our semiconductor business, we continue to believe in the potential of the business, make steady progress and win new programs across a number of customers in this sector."

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