Business
Celestica announces fourth quarter and 2005 fiscal year end financial results
Celestica announces fourth quarter and 2005 fiscal year end financial results.
About this update from Celestica Inc.
[{"type":"text","content":"\n\n\n\n\n(All amounts in U.S. dollars.\nPer share information based on diluted\nshares outstanding unless noted otherwise.) \n\n Fourth Quarter Summary\n ----------------------\n\n- Revenue of $2,075 million, down 11% from $2,333 million last year\n- GAAP loss of ($0.12) per share compared to GAAP loss ($3.59) per share \n in 2004\n- Adjusted net earnings of $0.13 per share compared to $0.19 per share a \n year ago\n- Operating margin of 2.3%, cash flow from operations of $100 million\n- Q1 revenue guidance of $1.8 - $2.0 billion, adjusted earnings per \n share of $0.04 - $0.12. \n\nTORONTO, Jan. 26 /CNW/ - Celestica Inc. (NYSE: CLS, TSX: CLS/SV), a world\nleader in electronics manufacturing services (EMS), today announced financial\nresults for the fourth quarter and fiscal year ended December 31, 2005.\nRevenue was $2,075 million, compared to $2,333 million in the fourth\nquarter of 2004. Net loss on a GAAP basis for the fourth quarter was ($28)\nmillion or ($0.12) per share, compared to a GAAP net loss for the fourth\nquarter of 2004 of ($810) million or ($3.59) per share. Included in GAAP net\nloss for the quarter are charges of $57 million associated with previously\nannounced restructuring plans.\nAdjusted net earnings for the quarter were $29 million or $0.13 per share\ncompared to $43 million or $0.19 per share for the same period last year.\nAdjusted net earnings is defined as net earnings before amortization of\nintangible assets, gains or losses on the repurchase of shares and debt,\nintegration costs related to acquisitions, option expense, option exchange\ncosts and other charges, net of tax and significant deferred tax write-offs\n(detailed GAAP financial statements and supplementary information related to\nadjusted net earnings appear at the end of this press release). These results\ncompare with the company's guidance for the fourth quarter, announced on\nOctober 20, 2005, of revenue of $1.9 - $2.1 billion and adjusted net earnings\nper share of $0.10 to $0.18.\nFor 2005, revenue was $8,471 million compared to $8,840 million in 2004.\nNet loss on a GAAP basis was ($47) million or ($0.21) per share compared to a\nnet loss of ($854) million or ($3.85) per share last year. Adjusted net\nearnings for the year were $129 million or $0.57 per share compared to\nadjusted net earnings of $96 million or $0.43 per share in...