Celestica's fourth-quarter profit falls

Craig Muhlhauser, Celestica President and Chief Executive Officer. comments: “Celestica delivered revenue and operating profit consistent with our guidance, and generated strong free cash flow in the fourth quarter, despite continued softness in end market demand. We overcame a challenging environment in 2012 and posted solid financial results, while continuing to invest in the business and returning over $280 million to our shareholders through share repurchases during the year." “We are entering 2013 with a solid foundation to execute our strategy and capitalize on the opportunities before us. We remain focused on driving profitable growth and creating superior value for our customers and our shareholders.” Net income fell to USD 7.2 million (from USD 69.2 million reported for the corresponding quarter 2011). Revenue fell 15 percent to USD 1.50 billion, consistent with the company's forecast of between USD 1.43 - 1.53 billion (announced October 23, 2012). For the first quarter ending March 31, 2013, Celestica anticipates revenue to be in the range of USD 1.33 - 1.43 billion.