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Celestica Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates; Sees FY 2013 Charge Guidance

Tuesday, 23 Apr 2013 07:00am EDT 

Celestica Inc announced that for the second quarter of 2013, it anticipates revenue to be in the range of $1.375-$1.475 billion, and adjusted net earnings per share (EPS) to be in the range of $0.13-$0.19. The Company expects a negative $0.05 to $0.10 per share (pre-tax) aggregate impact on an IFRS basis for the following items: stock-based compensation, amortization of intangible assets (excluding computer software) and restructuring charges. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.397 billion and EPS of $0.16 for the second quarter of 2013. The Company completed manufacturing services for RIM and the related transition activities in 2012. Due to the historical significance of RIM to operations and in response to the continued challenging demand environment, in July 2012 announced restructuring actions throughout global network to reduce overall cost structure and improve margin performance. The Company continue to estimate the total restructuring charges to complete planned actions to be in the range of $55 million to $65 million. Of this estimated amount, the Company recorded $44.0 million in 2012 and $7.3 million in the first quarter of 2013. The Company expect to complete the remaining actions by the end of 2013. 

Company Quote

0.08 +0.73%
26 Nov 2014