TORONTO – Celestica Inc. reported first-quarter net earnings were $19.2 million, down from $29.8 million year-over-year. 
 
Revenue for the quarter was $1.47 billion, compared to $1.84 billion last year; adjusted earnings fell from $35.4 million to $29.3 million. The company cites a drop in end-market demand, especially for its telecom and information technology products, as the cause.
 
The second-quarter revenue guidance is forecasted to be $1.3 billion to $1.45 billion.
 
Celestica expects the market to remain unstable throughout 2009, but it will continue to focus on improving efficiency and operating margins while seeking profitable revenue opportunities. 

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