TORONTO -- Celestica today reported fourth-quarter revenue of $2.08 billion, down 11% from last year. The GAAP loss for the December quarter narrowed to $28 million, from $810 million a year ago. The GAAP loss included charges of $57 million due to restructuring.

Celestica said operating margins were 2.3%, and cash flow from operations was $100 million.

The EMS company in October had guided for revenue of $1.9 billion to $2.1 billion.

For the year, revenue was down 4.2% to $8.47 billion. The net loss was $47 million, versus $854 million last year.

Adjusted net earnings for the year were $129 million, up from $96 million in 2004.

Chief executive Steve Delaney said, “Demand in the quarter showed some modest seasonal strength, particularly in our server segment. Profitability was adversely affected by the cost of supporting significant transfer activity combined with a late surge in demand in one of our Americas plants. Transition activity continues in the site in the first quarter, but we have deployed the necessary resources to restore efficiencies by the second quarter.”

For the first quarter ending March 31, the company anticipates revenue of $1.8 billion to $2 billion, and adjusted earnings per share ranging from four to 12 cents.