Business
Celestica announces third quarter financial results & intention to commence $175 million substantial issuer bid
(All amounts in U.S. dollars. Per share information based on diluted shares outstanding u...
About this update from Celestica Inc.
[{"type":"text","content":"\n\n\n\n\n\n(All amounts in U.S. dollars.\nPer share information based on diluted\nshares outstanding unless noted otherwise).\n\n\nTORONTO, Oct. 23, 2012 /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 2012.\n\n\n\"Celestica delivered consistent profitability, solid returns and strong\n free cash flow in the third quarter, despite the challenging\n environment.\" said Craig Muhlhauser, Celestica President and Chief\n Executive Officer. \"While we are taking the appropriate cost reduction\n actions to respond to the challenging economic environment, we continue\n to invest for our future and focus on delivering innovative solutions\n and operational excellence that creates value for our customers.\"\n\n\n\"As a result of our strong balance sheet, our board of directors has\n authorized a substantial issuer bid to repurchase for cancellation up\n to $175 million of our subordinate voting shares. Today's issuer bid\n announcement, together with the share repurchases we have already\n completed this year, demonstrate Celestica's commitment to generating\n shareholder value.\"\n\n\nThird Quarter and First Nine Months Summary\n\n\n \n\n\nThree months ended September 30\n\n\n \n\n\nNine months ended September 30\n\n\n \n\n\n2011\n\n\n \n\n\n2012\n\n\n \n\n\n2011\n\n\n \n\n\n2012\n\n\nRevenue (in millions) ...........................................\n\n\n$\n\n\n1,830.1\n\n\n \n\n\n \n\n\n$\n\n\n1,575.4\n\n\n \n\n\n \n\n\n$\n\n\n5,459.6\n\n\n \n\n\n \n\n\n$\n\n\n5,011.0\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nIFRS net earnings (in millions) .............................\n\n\n$\n\n\n50.2\n\n\n \n\n\n \n\n\n$\n\n\n43.7\n\n\n \n\n\n \n\n\n$\n\n\n125.9\n\n\n \n\n\n \n\n\n$\n\n\n110.5\n\n\n \n\n\nIFRS EPS(i) ..........................................................\n\n\n$\n\n\n0.23\n\n\n \n\n\n \n\n\n$\n\n\n0.21\n\n\n \n\n\n \n\n\n$\n\n\n0.57\n\n\n \n\n\n \n\n\n$\n\n\n0.52\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n...