TORONTO -- Celestica Inc. reported first-quarter revenue of $1.47 billion, down 20% from a year ago on weaker end-market demand.

For the period ended March 31, GAAP net earnings were down 35% to $19.2 million, and gross net earnings were down 17% to $29.3 million.

The figures were within the EMS company's revised Jan. 28, guidance.

"Celestica continues to deliver profitability and on-going operational improvements in support of our customers, in a very tough economic environment," said Craig Muhlhauser, President and Chief Executive Officer, Celestica. "Our track record and relentless drive to achieve world class operational excellence and a laser-like focus on creating value for our customers, will serve as an excellent platform for our future growth and profitability, as the market environment begins to improve."

Celestica guided for second-quarter revenue of $1.3 billion to $1.45 billion.

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