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