Celestica Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $1,424.3 million compared to $1,436.7 million a year ago. Earnings from operations were of $6.7 million compared to $21.6 million a year ago. Earnings before income taxes were of $5.7 million compared to $20.8 million a year ago. Net loss was $4.4 million or $0.03 per diluted share compared to net earnings of $22.1 million or $0.12 per share a year ago. Net cash provided by operating activities was of $78 million compared to $34.1 million a year ago. Purchase of computer software and property, plant and equipment was of $16.6 million compared to $11.1 million a year ago. Adjusted net earnings were of $40.3 million or $0.23 per share compared to $44.4 million or $0.24 per share a year ago.

For the year, the company reported revenue of $5,631.3 million compared to $5,796.1 million a year ago. Earnings from operations were of $127.7 million compared to $133.6 million a year ago. Earnings before income taxes were of $124.6 million compared to $130.7 million a year ago. Net earnings was $108.2 million or $0.60 per diluted share compared to net earnings of $118.0 million or $0.64 per share a year ago. Net cash provided by operating activities was of $241.5 million compared to $149.4 million a year ago. Purchase of computer software and property, plant and equipment was of $61.3 million compared to $52.8 million a year ago. Adjusted net earnings were of $179.5 million or $1.00 per share compared to $154.5 million or $0.83 per share a year ago.

For the first quarter ending March 31, 2015, the company anticipates revenue to be in the range of $1.275 to $1.375 billion. At the midpoint, first quarter revenue is projected to increase 1% compared to the first quarter of 2014 and decrease 7% sequentially in part impacted by seasonal demand. At the midpoint of guidance, The company expects adjusted operating margin of approximately 3.2%, an improvement of 10 basis points compared to the first quarter of 2014., and non-IFRS adjusted net earnings per share to be in the range of $0.18 to $0.24. The company expects a negative $0.04 to $0.08 per share (pre-tax) aggregate impact on net earnings on an IFRS basis for employee stock-based compensation expense and amortization of intangible assets (excluding computer software).