News
TORONTO -- Celestica this afternoon said third-quarter sales
were down 8% to $1.99 billion, year-over-year. The GAAP loss for the
quarter ended Sept. 30 was $19.6
million, including charges, versus $24.4 million last year.
Operating margins were 2.3%, up from 1.8% a year ago
The comany guided for Q4 revenue of $1.9 billion to $2.1 billion, and adjusted net earnings of $0.10 to $0.18.
Operating margins were 2.3%, up from 1.8% a year ago
The comany guided for Q4 revenue of $1.9 billion to $2.1 billion, and adjusted net earnings of $0.10 to $0.18.
NEW YORK -- Dover Corp. today reported profits from
continuing operations rose 18% to $132.6 million and revenue rose 23%
to $1.56 billion for its third quarter ended
Sept. 30. Net income was $122.7
million, including a loss of $9.9 million, versus $120.3 million in
2004.
Income and earnings per share from continuing operations were at their highest levels since the third quarter of 2000.
Income and earnings per share from continuing operations were at their highest levels since the third quarter of 2000.
ELKHART, IN -- CTS Corp., a manufacturer of electronic
components and sensors and a provider of EMS
services, will build a manufacturing operation in Ostrava, on the eastern border of the Czech Republic. Production is expected to start mid-2006. The facility will initially manufacture automotive products for the European market.
services, will build a manufacturing operation in Ostrava, on the eastern border of the Czech Republic. Production is expected to start mid-2006. The facility will initially manufacture automotive products for the European market.
In a press statement, vice president and general manager of CTS automotive products Jeff McCurley said, "Our European sales are projected to double in the next five years. Expansion of our European manufacturing presence to the Czech Republic will better serve our European automotive customers. Locating our new plant in Ostrava offers low costs, availability of technical skills and necessary manufacturing infrastructure," added McCurley.
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