Celestica Profit Rises On Lower Expenses - Quick Facts

(RTTNews) - Celestica Inc. (CLS) (CLS.TO), a provider of end-to-end product life-cycle solutions, Thursday reported fourth-quarter net income of $22 million or $0.12 per share compared with $7 million or $0.04 per share last year.

Excluding items, adjusted earnings for the quarter were $44 million or $0.24 per share compared with $50 million or $0.25 per share a year ago. Adjusted per share results for the recent quarter reflect a higher share count.

Revenues for the quarter were $1.44 billion compared with $1.5 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.23 per share on revenues of $1.47 billion for the quarter. Analysts' estimates typically exclude special items.

Results were helped by gross margin that climbed to 7.2% from 6.7% a year ago. The prior-year quarter was meanwhile impacted by one-time charges.

Looking ahead to the first quarter, the company expects adjusted earnings of $0.17 to $0.23 per share and revenues of $1.3 billion to $1.4 billion. Analysts expect earnings of $0.20 per share on revenues of $1.41 billion.