Skip to main content

Celestica Inc. slipped to a small loss in the second quarter, reversing a year-earlier profit.

The Toronto-based company, which reports in U.S. currency, had a loss of $6.1-million (U.S.) or 3 cents a share with $1.59-billion in revenue.

That compared with earnings of $5.3-million or 2 cents per share in the second quarter of 2009, when revenue was $1.4-billion.

Story continues below advertisement

Celestica's adjusted earnings, which the company considers a better measure of its operational performance, were $48.3-million or 21 cents per share.

That was up from $31.4-million or 14 cents per share of adjusted earnings in the second quarter of 2009 and within analyst expectations.

Celestica also announced it's acquiring Allied Panels, an engineering and manufacturing company focused on medical devices, and also buying back up to nine per cent of its shares from the open market over the coming year.

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.