TORONTO – Top tier EMS provider
Celestica Inc. reversed last year’s third-quarter loss, turning a profit of $51.5 million. Revenue slumped 13% to $2.08 billion, however.
Sales were up 7% sequentially, the company said.
Last year, the company reported a net loss of $42.1 million for the quarter.
The company took $2.7 million in restructuring charges, down from $82.4 million in the same period last year.
Celestica guided for revenue of $2 billion to $2.15 billion in the fourth quarter.