Business
Celestica Announces Second Quarter Financial Results
(All amounts in U.S. dollars. Per share information based on diluted shares outstanding unl...
About this update from Celestica Inc.
[{"type":"text","content":"\n\n\n(All amounts in U.S. dollars.\nPer share information based on diluted\nshares outstanding unless noted otherwise).\n\n\nTORONTO, July 26, 2013 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global\n leader in the delivery of end-to-end product lifecycle solutions, today\n announced financial results for the second quarter ended June 30, 2013.\n\n\nSecond Quarter 2013 Highlights\n\n\n\nRevenue: $1.495 billion, above our guidance of $1.375 to $1.475 billion\n (announced April 23, 2013), decreased 14% compared to the second\n quarter of 2012\n\n\nRevenue up 9% compared to the first quarter of 2013, and up 3% compared\n to the second quarter of 2012 (after excluding revenue from BlackBerry\n Limited for the second quarter of 2012)\n\n\nIFRS EPS: $0.15 per share, compared to $0.11 per share for the second\n quarter of 2012\n\n\nAdjusted EPS (non-IFRS): $0.21 per share, above our guidance of $0.13 to\n $0.19 per share (announced April 23, 2013), compared to $0.22 per share\n for the second quarter of 2012\n\n\nFree cash flow (non-IFRS): $50.5 million, compared to $16.9 million for\n the second quarter of 2012\n\n\nDiversified end market: 25% of total revenue, increased from 19% of\n total revenue for the second quarter of 2012\n\n\n\n\"Celestica delivered a solid second quarter with revenue and\n adjusted EPS above our guidance range. We generated strong free cash\n flow and improved our return on invested capital, driven by stronger\n than expected demand in our communications end market,\" said Craig\n Muhlhauser, Celestica President and Chief Executive Officer.\n\n\n\"Despite the challenging economic environment, we are projecting\n continued growth in our diversified end market for the third quarter.\n We continue to target improvements in quality, profitability, free cash\n flow, and return on invested capital through our focus on operational\n excellence and making our customers successful.\"\n\n\n\"In addition, we are announcing our intent to launch a normal course\n issuer bid this quarter. This action reinforces our confidence in our\n strategy, execution and ability to maintain a strong balance sheet and\n generate free cash flow to make the necessary investments to support\n our growth, while returning excess capital to the shareholders through\n share repurchases.\"\n\n\nSecond Quarter and Year-t...