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Celestica employees work at a production line in a factory in Dongguan, China's southern Guangdong province. (TYRONE SIU)
Celestica employees work at a production line in a factory in Dongguan, China's southern Guangdong province. (TYRONE SIU)

Celestica profit slips as revenue gains Add to ...

Celestica Inc. says fourth-quarter profit slipped as it booked restructuring and stock-based compensation charges that were higher than it had initially anticipated.

The Toronto-based global manufacturer, which produces a variety of products for other companies, said net income was $25.6-million (U.S.), or 11 cents per share.

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That compares to $31.1-million, or 13 cents per share in the same period a year ago.

Celestica said it booked a charge of 16 cents per share on a pre-tax basis for restructuring charges, quarterly stock-based compensation and amortization of intangible assets.

The charge exceeded its estimates of between five cents and 12 cents per share that it initially provided last October.

Revenue was $1.88-billion, compared to $1.66-billion.



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CLS-T Celestica Inc. 11.21 0.21
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