C-MAC Industries Inc. Revenue Exceeds $2.5 Billion in 2000.

Publication: Business Wire

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COPYRIGHT 2001 Business Wire

Business Editors

MONTREAL--(BUSINESS WIRE)--Jan. 31, 2001

CMAC(TSE:CMS.) (NYSE:EMS)

C-MAC ANNOUNCES RECORD FOURTH QUARTER AND YEAR-END

RESULTS 118% INCREASE IN REVENUES, 194% GROWTH IN NET EARNINGS

C-MAC Industries Inc. a global leader of integrated electronic systems manufacturing and engineering solutions, today announced the financial results for its fourth quarter and year ended 2000.

Fourth quarter ended December 31, 2000: - Revenue for the fourth quarter ended December 31, 2000 reached $856.3 million, an increase of 119% over the corresponding period in 1999, when C-MAC generated revenues of $391.7 million. - Net earnings before goodwill amortization increased by 137% to $0.71 per share on a fully diluted basis compared to $0.30 per share in 1999. - Net earnings as a percentage of revenue increased to 6.4% compared to 4.5% for the same period in 1999. Year ended December 31, 2000: - For the year ended December 31, 2000, C-MAC has more than doubled its revenue to $ 2.55 billion, representing an increase of 118% over the $1.17 billion generated in the same period in 1999. - Net earnings before goodwill amortization increased to $1.95 per share on a fully diluted basis compared to $0.80 per share in 1999, an increase of 144% year over year. - Net earnings amounted to $132.8 million, or 5.2% of revenue, versus $45.2 million, or 3.9% of revenue in 1999. - Cash flow from operations for the year 2000 totaled $197 million, compared to $74 million in 1999, representing an increase of 166%. - The order book stood at more that $1.4 billion as at December 31, 2000

"Our overall performance for the year 2000 was exceptional," said Dennis Wood, Chairman and Chief Executive Officer. "We have successfully transitioned and ramped up Nortel's Carrier system house operations into our Creedmoor, Saint-Laurent, Cornwall and Monkstown facilities. We have grown our businesses organically by more than 50% while making nine acquisitions to support our expansion strategy. By generating revenue in excess of $2 billion, we have reached an other key milestone in our development and we expect...

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