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28 February, 2024 19:15 IST
CELESTICA first-quarter earnings decline by 10.94 percent on a YOY basis
Source: IRIS | 05 Jul, 2017, 08.36PM

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CELESTICA INC (CLS) has reported 10.94 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $22.80 million, or $0.16 a share in the quarter, compared with $25.60 million, or $0.18 a share for the same period last year.

Revenue during the quarter grew 8.62 percent to $1,469.90 million from $1,353.30 million in the previous year period. Gross margin for the quarter expanded 14 basis points over the previous year period to 7 percent. Total expenses were 97.72 percent of quarterly revenues, up from 97.68 percent for the same period last year. That has resulted in a contraction of 4 basis points in operating margin to 2.28 percent.

Operating income for the quarter was $33.50 million, compared with $31.40 million in the previous year period.

Operating cash flow turns positiveCELESTICA has generated cash of $35.60 million from operating activities during the quarter as against cash outgo of $18.30 million in the last year period.

The company has spent $18.10 million cash to meet investing activities during the quarter as against cash outgo of $12.90 million in the last year period. It has incurred capital expenditure of $24.90 million on net basis during the quarter, up 56.60 percent or $9 million from year ago period.

The company has spent $16.70 million cash to carry out financing activities during the quarter as against cash outgo of $2.60 million in the last year period.

Cash and cash equivalents stood at $558 million as on Mar. 31, 2017, up 9.09 percent or $46.50 million from $511.50 million on Mar. 31, 2016.

 

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