Celestica Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the First Quarter Ending March 31, 2018
January 24, 2018 at 04:57 pm EST
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Celestica Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of $1,623.7 million against $1,553.9 million a year ago. Earnings from operations were $23.7 million against $24.7 million a year ago. Earnings before income taxes were $29.3 million against $22.1 million a year ago. Net earnings for the period were $20.9 million against $14.4 million a year ago. Diluted earnings per share were $0.15 against $0.10 a year ago. Net cash provided by operating activities was $87.5 million against $43.7 million a year ago. Purchase of computer software and property, plant and equipment was $17.9 million against $20.8 million a year ago.
For the full year, the company reported revenue of $6,015.5 million against $6,110.5 million a year ago. Earnings from operations were $156.7 million against $142.5 million a year ago. Earnings before income taxes were $161.0 million against $132.4 million a year ago. Net earnings for the period were $136.3 million against $105.0 million a year ago. Diluted earnings per share were $0.95 against $0.72 a year ago. Net cash provided by operating activities was $173.3 million against $127.0 million a year ago. Purchase of computer software and property, plant and equipment was $64.1 million against $102.6 million a year ago.
For the quarter ending March 31, 2018, the company anticipates revenue to be in the range of $1.425 billion to $1.525 billion, non-IFRS operating margin to be 3.0% at the mid-point of company's expectations, non-IFRS adjusted annual effective tax rate of between 17% and 19%, and non-IFRS adjusted earnings per share to be in the range of $0.20 to $0.26.
Celestica Inc. is engaged in designing, manufacturing, hardware platform and supply chain solutions. The Company operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of its ATS end market and is comprised of its Aerospace & Defense (A&D), Industrial, HealthTech, and Capital Equipment businesses. Its Capital Equipment business is comprised of its semiconductor, display, and robotics equipment businesses. The CCS segment consists of its communications and enterprise end markets. The enterprise end market is comprised of Celesticaâs servers and storage businesses. It offers a range of product manufacturing and related supply chain services to customers in both of its segments, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining and others.
Celestica Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the First Quarter Ending March 31, 2018