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Celestica posts profit of 57 million - without BlackBerry
Celestica Q3 revenue landed within the company's guidance, but still 5% lower than Q3 of 2012.
“Celestica delivered a solid third quarter with revenue and adjusted EPS above the midpoint of our guidance range, driven by strong demand in our Communications and Storage end markets,” said Craig Muhlhauser, Celestica President and Chief Executive Officer.
The company recorded revenues of USD 1'492 billion, within the range of its guidance of USD 1'425 to USD 1'525 billion. However, compared to the third quarter of 2012, revenues decreased 5%.
If we were to exclude revenues recorded from BlackBerry for Q3 of 2012, revenues were actually up 5% this quarter.
Other Highlights:
- IFRS net earnings increased to USD 57.4 million during the quarter, up from USD 43.7 million for the same period last year.
- Free cash flow (non-IFRS): USD 10.4 million, compared to USD 59.9 million for the third quarter of 2012
- Diversified end market: 26% of total revenue, increased from 21% of total revenue for the third quarter of 2012