8-K

CELESTICA INC 8-K Report (Dec 24, 2003)

Filed December 24, 2003For Securities:CLS

Summary

Celestica Inc. filed a Form 6-K on December 24, 2003, primarily to furnish updated unaudited consolidated financial statements for the nine-month periods ended September 30, 2002, and 2003. These statements are being provided in connection with a proxy statement/prospectus filed as part of an amendment to Celestica's Registration Statement. Investors should note that the financial statements for the nine months ended September 30, 2003, include enhanced disclosures compared to previously published statements, specifically regarding restructuring plans in Note 6 and a reconciliation of differences between Canadian and U.S. accounting policies in Note 12. This filing serves as an update for investors on the company's financial performance through the third quarter of 2003, with particular attention drawn to the additional details surrounding restructuring activities and accounting policy reconciliations. While the core financial figures are consistent with prior releases, the added transparency in these specific areas is important for a comprehensive understanding of Celestica's financial position and strategic initiatives during this period.

Key Highlights

  • 1Filing of Form 6-K on December 24, 2003, by Celestica Inc.
  • 2Furnishes unaudited consolidated financial statements for the nine months ended September 30, 2002 and 2003.
  • 3Financial statements are provided in connection with a proxy statement/prospectus.
  • 4Updated 2003 nine-month financial statements include additional disclosure on restructuring plans (Note 6).
  • 5Updated 2003 nine-month financial statements include a reconciliation of Canadian and U.S. accounting policies (Note 12).
  • 6The filing is being made as part of an Amendment No. 1 to Celestica's Registration Statement (File No. 333-110362).

Frequently Asked Questions

The primary purpose of this Form 6-K filing by Celestica Inc. is to furnish updated unaudited consolidated financial statements for the nine months ended September 30, 2002, and 2003. These financials are being provided as part of a proxy statement/prospectus related to an amendment to the company's Registration Statement.

Yes, while the core financial data remains the same, the unaudited consolidated financial statements for the nine months ended September 30, 2003, include additional disclosures. Specifically, Note 6 provides more details on Celestica's restructuring plans, and Note 12 offers a reconciliation of significant differences between Canadian and United States accounting policies.

The reconciliation in Note 12 is important for U.S. investors and analysts as it clarifies any accounting differences between Canadian Generally Accepted Accounting Principles (GAAP) and U.S. GAAP. This enhances comparability and understanding of Celestica's financial performance and position when viewed through a U.S. accounting framework.

The main exhibit attached to this Form 6-K is Exhibit 99.1, which contains the unaudited consolidated financial statements for the nine months ended September 30, 2002 and 2003.