Business
CELESTICA ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
CELESTICA ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
About this update from Celestica Inc.
[{"type":"text","content":"\n\n\n\n Oct. 28, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n(All amounts in U.S. dollars.         \nPer share information based on diluted\nshares outstanding unless noted otherwise).\n\n\n\nThird Quarter 2010 Summary\n\n\n\nRevenue of $1.55 billion, compared to $1.56 billion for the same period\n last year\n\n\nGAAP net earnings of $35.4 million, or $0.15 per share, compared to a\n GAAP net loss of ($0.6) million, or $0.00 per share, last year\n\n\nNon-GAAP adjusted net earnings of $0.20 per share, compared to $0.19 per\n share last year\n\n\nNon-GAAP return on invested capital of 22.9%, compared to 24.2% last\n year\n\n\nNon-GAAP operating margin of 3.4%, compared to 3.7% last year\n\n\nInventory turns of 8.0x\n\n\nNon-GAAP free cash flow of $81 million, cash on hand of $706 million\n\n\nCompany repurchases 4.7 million shares for cancellation\n\n\nFourth quarter of 2010 guidance: revenue of $1.70 billion to $1.85\n billion, non-GAAP adjusted net earnings per share of $0.20 to $0.26.\n\n\n\nTORONTO, Oct. 28 /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 third quarter ended September 30,\n 2010.\n\n\nThird Quarter and YTD Results\nRevenue for the quarter was $1.55 billion, compared to $1.56 billion in\n the third quarter of 2009. GAAP net earnings were $35.4 million, or\n $0.15 per share, compared to GAAP net loss of ($...