Celestica Announces Fourth Quarter and Fiscal Year 2014 Financial Results

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.


CELESTICA INC.

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(in millions of U.S. dollars, except per share amounts)
(unaudited)


Three months ended


Year ended


December 31


December 31


2013


2014


2013


2014

Revenue...........................................................................................................

$

1,436.7



$

1,424.3



$

5,796.1



$

5,631.3


Cost of sales (note 5)......................................................................................

1,333.1



1,319.8



5,406.6



5,225.9


Gross profit....................................................................................................

103.6



104.5



389.5



405.4


Selling, general and administrative expenses (SG&A).....................................

56.2



52.9



222.3



210.3


Research and development..............................................................................

5.5



5.0



17.4



19.7


Amortization of intangible assets...................................................................

2.8



2.5



12.2



10.6


Other charges (note 9).....................................................................................

17.5



37.4



4.0



37.1


Earnings from operations................................................................................

21.6



6.7



133.6



127.7


Finance costs...................................................................................................

0.8



1.0



2.9



3.1


Earnings before income taxes..........................................................................

20.8



5.7



130.7



124.6


Income tax expense (recovery) (note 10):












Current.........................................................................................................

(0.6)



4.0



16.9



9.7


Deferred........................................................................................................

(0.7)



6.1



(4.2)



6.7



(1.3)



10.1



12.7



16.4


Net earnings (loss) for the period...................................................................

$

22.1



$

(4.4)



$

118.0



$

108.2














Basic earnings (loss) per share........................................................................

$

0.12



$

(0.03)



$

0.64



$

0.61














Diluted earnings (loss) per share.....................................................................

$

0.12



$

(0.03)



$

0.64



$

0.60














Shares used in computing per share amounts (in millions) (note 7):












Basic.............................................................................................................

182.0



175.6



183.4



178.4


Diluted..........................................................................................................

184.5



175.6



185.4



180.4


The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

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