<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a2063025zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<PAGE>


                                       1


                                 CELESTICA INC.

                           CONSOLIDATED BALANCE SHEETS
                         (IN THOUSANDS OF U.S. DOLLARS)
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                    DECEMBER 31     SEPTEMBER 30
                                                        2000            2001
                                                   --------------  -------------
<S>                                                <C>             <C>
ASSETS
Current assets:
  Cash and short-term investments................. $     883,757   $     965,899
  Accounts receivable ............................     1,785,716       1,313,473
  Inventories ....................................     1,664,304       1,671,137
  Prepaid and other assets........................       138,830         132,349
  Deferred income taxes...........................        48,357          31,687
                                                   -------------   -------------
                                                       4,520,964       4,114,545
Capital assets ...................................       633,438         890,824
Intangible assets ................................       578,272         794,630
Other assets .....................................       205,311         137,593
                                                   -------------   -------------
                                                   $   5,937,985   $   5,937,592
                                                   =============   =============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable................................ $   1,730,460   $     886,541
  Accrued liabilities.............................       466,310         425,340
  Income taxes payable............................        52,572          16,170
  Deferred income taxes...........................         7,702           7,710
  Current portion of long-term debt ..............         1,364             187
                                                   -------------   -------------
                                                       2,258,408       1,335,948
Accrued post-retirement benefits .................        38,086          44,982
Long-term debt ...................................       130,581         130,154
Other long-term liabilities.......................         3,000           3,115
Deferred income taxes.............................        38,641          13,762
                                                   -------------   -------------
                                                       2,468,716       1,527,961
Shareholders' equity:
  Convertible debt................................       860,547         879,994
  Capital stock (note 4)..........................     2,395,414       3,294,216
  Retained earnings...............................       217,512         238,568
  Foreign currency translation adjustment.........        (4,204)         (3,147)
                                                    ------------    -------------
                                                       3,469,269       4,409,631
                                                    ------------    ------------
                                                   $   5,937,985   $   5,937,592
                                                   =============   =============
</TABLE>


          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

   THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ IN CONJUNCTION WITH THE
                   ANNUAL CONSOLIDATED FINANCIAL STATEMENTS.


<PAGE>


                                       2



                                 CELESTICA INC.

            CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                        THREE MONTHS ENDED              NINE MONTHS ENDED
                                                           SEPTEMBER 30                    SEPTEMBER 30
                                                         2000            2001           2000            2001
                                                   --------------  -------------  --------------  --------------
<S>                                                  <C>           <C>              <C>           <C>
Revenue...........................................   $  2,600,149  $ 2,202,950      $  6,304,355  $ 7,556,231
Cost of sales.....................................      2,416,646     2,053,406        5,864,430     7,021,208
                                                   --------------  -------------  --------------  --------------
Gross profit......................................        183,503       149,544          439,925       535,023
Selling, general and administrative expenses .....         85,121        79,404          216,603       254,863
Amortization of intangible assets ................         25,607        32,158           60,178        89,866
Integration costs related to acquisitions ........          4,842        10,017           10,413        20,140
Other charges (note 5)............................              -        79,614                -       136,612
                                                   --------------  -------------  --------------  --------------
Operating income (loss)...........................         67,933       (51,649)         152,731        33,542
Interest on long-term debt........................          3,706         4,463           11,463        13,912
Interest income, net..............................         (8,935)       (9,538)         (24,786)      (24,985)
                                                   --------------  -------------  --------------  --------------
Earnings (loss) before income taxes...............         73,162       (46,574)         166,054        44,615
                                                   --------------  -------------  --------------  --------------
Income taxes:
  Current (recovery)..............................         23,225        (4,006)          54,168        15,308
  Deferred (recovery).............................         (5,740)       (3,911)         (11,318)       (2,675)
                                                   --------------  -------------  --------------  --------------
                                                           17,485        (7,917)          42,850        12,633
                                                   --------------  -------------  --------------  --------------
Net earnings (loss) for the period................         55,677       (38,657)         123,204        31,982

Retained earnings, beginning of period............         83,735       281,114           16,208       217,512
Convertible debt accretion, net of tax............         (2,098)       (3,889)          (2,098)      (10,926)
                                                   --------------  -------------  --------------  --------------
Retained earnings, end of period..................   $    137,314    $  238,568     $    137,314    $  238,568
                                                   --------------  -------------  --------------  --------------
                                                   --------------  -------------  --------------  --------------

Basic earnings (loss) per share...................   $      0.26     $    (0.20)    $       0.61    $     0.10

Diluted earnings (loss) per share (note 2)........   $      0.25     $    (0.20)    $       0.59    $     0.10

Weighted average number of shares outstanding:
   - basic (in thousands).........................       203,003        218,066          198,633       208,021
   - diluted (in thousands) (note 2)..............       220,007        218,066          210,033       226,605
</TABLE>



ADJUSTED NET EARNINGS (NOTE 7)



          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
    THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ IN CONJUNCTION WITH THE
                    ANNUAL CONSOLIDATED FINANCIAL STATEMENTS.



<PAGE>


                                       3


                                 CELESTICA INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                         (IN THOUSANDS OF U.S. DOLLARS)
                                   (UNAUDITED)

<TABLE>
<CAPTION>


                                                         THREE MONTHS ENDED             NINE MONTHS ENDED
                                                            SEPTEMBER 30                   SEPTEMBER 30
                                                        2000            2001           2000            2001
                                                   -------------- --------------  --------------  --------------
<S>                                                  <C>            <C>             <C>             <C>
   CASH PROVIDED BY (USED IN):
   OPERATIONS:
   Net earnings (loss) for the period .............. $    55,677    $    (38,657)   $    123,204    $     31,982
   Items not affecting cash:
     Depreciation and amortization..................      58,335          84,297         145,584         225,324
     Deferred income taxes..........................      (5,740)         (3,911)        (11,318)         (2,675)
     Other charges (note 5).........................           -          58,706               -          75,934
     Other..........................................         (65)          2,194          (9,400)          3,485
                                                   -------------- --------------  --------------  --------------
  Cash from earnings................................     108,207         102,629         248,070         334,050
                                                   -------------- --------------  --------------  --------------
  Changes in non-cash working capital items:
     Accounts receivable............................    (385,595)        324,928        (710,417)        498,752
     Inventories....................................    (332,612)        270,525        (607,264)        447,211
     Other assets...................................     (48,497)        (10,808)        (89,521)         80,482
     Accounts payable and accrued liabilities.......     543,580        (219,214)        911,203        (923,727)
     Income taxes payable...........................      16,888         (18,345)          9,481         (35,628)
                                                   -------------- --------------  --------------  --------------
     Non-cash working capital changes...............    (206,236)        347,086        (486,518)         67,090
                                                   -------------- --------------  --------------  --------------
  Cash provided by (used in) operations.............     (98,029)        449,715        (238,448)        401,140
                                                   -------------- --------------  --------------  --------------
  INVESTING:
    Acquisitions, net of cash acquired..............     (25,927)       (716,304)       (622,660)       (864,421)
    Purchase of capital assets......................     (66,033)        (25,985)       (163,936)       (162,070)
    Other...........................................         735             400          22,382           1,322
                                                   -------------- --------------  --------------  --------------
    Cash used in investing activities...............     (91,225)       (741,889)       (764,214)     (1,025,169)
                                                   -------------- --------------  --------------  --------------

  FINANCING:
    Bank indebtedness...............................         249          (1,607)         (8,631)         (1,607)
    Decrease in long-term debt......................        (520)         (1,039)         (2,201)         (2,692)
    Deferred financing costs........................         (10)         (4,073)           (114)         (4,092)
    Issuance of convertible debt....................     862,865               -        862,865                -
    Convertible debt issue costs....................     (19,405)              -         (19,405)              -
    Issuance of share capital.......................       1,125           2,616         765,799         724,644
    Share issue costs, pre-tax......................           -               -         (26,788)        (10,000)
    Other...........................................       3,796             917           2,109             (82)
                                                   -------------- --------------  --------------  --------------
   Cash provided by (used in) financing
   activities.......................................     848,100          (3,186)     1,573,634         706,171
                                                   -------------- --------------  --------------  --------------

    Increase (decrease) in cash.....................     658,846        (295,360)        570,972          82,142
    Cash, beginning of period.......................     283,648       1,261,259         371,522         883,757
                                                   -------------- --------------  --------------  --------------
    Cash, end of period............................. $   942,494    $    965,899    $    942,494    $    965,899
                                                   -------------- --------------  --------------  --------------
                                                   -------------- --------------  --------------  --------------

    Supplemental information:
     Paid during the period:
      Interest....................................... $       294    $      4,206    $      8,051    $     12,358
      Taxes.......................................... $     8,411    $     38,405    $     40,785    $     70,464

    Non-cash financing activities:
      Convertible debt accretion, net of tax ........ $     2,098    $      3,889    $      2,098    $     10,926
      Shares issued for acquisitions................. $         -    $    178,714    $          -    $    180,744
</TABLE>

Cash is comprised of cash and short-term investments.

          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ IN CONJUNCTION WITH THE ANNUAL
                       CONSOLIDATED FINANCIAL STATEMENTS.


<PAGE>


                                       4


                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)

1.    NATURE OF BUSINESS:

     The primary  operations of the Company consist of providing a full range
of electronics  manufacturing  services  including design,  prototyping,
assembly, testing, product assurance, supply chain management,  worldwide
distribution and after-sales   service  to  its   customers   primarily   in
the   computer  and communications  industries.  The Company has operations
in the Americas,  Europe and Asia.

     The Company prepares its financial statements in accordance with
accounting principles  generally  accepted in Canada,  with a reconciliation
to accounting principles  generally  accepted  in the United  States,
included  in the annual consolidated financial statements.

       The Company  experiences  seasonal  variation  in revenue,  with
revenue typically being highest in the fourth quarter and lowest in the first
quarter.

2.    SIGNIFICANT ACCOUNTING POLICIES:

     The disclosures contained in these unaudited interim consolidated
financial statements  do not include all  requirements  of generally
accepted  accounting principles  (GAAP)  for  annual  financial  statements.
The  unaudited  interim consolidated  financial statements should be read in
conjunction with the annual consolidated financial statements for the year
ended December 31, 2000.

     The unaudited  interim  consolidated  financial  statements  are based
upon accounting  principles  consistent  with those used and  described in
the annual consolidated financial statements, except the following:

(a) In the first  quarter of 2001,  the Company  adopted  retroactively  the
new Canadian  Institute  of  Chartered  Accountants  (CICA)  Handbook
Section  3500 "Earnings per share",  which  requires the use of the treasury
stock method for calculating  diluted earnings per share.  This change
results in an earnings per share  calculation  which is  consistent  with
United  States  GAAP.  Previously reported diluted earnings per share have
been restated to reflect this change.

(b)  In  July  2001,  the  CICA  approved   Handbook   Sections  1581
"Business combinations" and 3062 "Goodwill and other intangible assets". The
new standards mandate the purchase method of accounting for business
combinations and require that  goodwill no longer be amortized  but instead
be tested for  impairment  at least annually.  The standards also specify
criteria that intangible assets must meet to be recognized and reported apart
from  goodwill.  The standards  require that the value of the shares issued
in a business  combination be measured using the average  share price for a
reasonable  period  before and after the date the terms  of  the  acquisition
 are  agreed  to  and  announced.   Previously,  the consummation date was
used to value the shares issued in a business combination. The new standards
are consistent with U.S. GAAP.

     Effective  July 1, 2001 and for the remainder of the fiscal year,
goodwill acquired  in  business  combinations  completed  after June 30, 2001
will not be amortized.  In addition, the criteria for recognition of
intangible assets apart from goodwill and the  valuation of the shares issued
in a business  combination apply to business combinations completed after
June 30, 2001.

     Upon full adoption of the standards  beginning January 1, 2002, the
Company will  discontinue  amortization  of all  existing  goodwill,
evaluate  existing intangible assets and make any necessary
reclassifications  in order to conform with the new criteria for  recognition
of intangible  assets apart from goodwill and test for  impairment in
accordance  with the new  standards.  The Company is currently  determining
the impact of the new  standards.  It is likely that the elimination  of
amortization  will  have a  material  impact  on the  financial statements.

     The  unaudited  interim  consolidated   financial  statements  reflect
all adjustments,  consisting only of normal  recurring  accruals,  which are,
in the opinion of management, necessary to present fairly the financial
position of the Company as of September  30, 2001 and the results of
operations  and cash flows for the three and nine months ended September 30,
2001 and 2000.

<PAGE>


                                       5


                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)

3.   ACQUISITIONS:

    The  Company's  business  combinations  have  been  accounted  for using
the purchase  method.  The  results of  operations  of the net assets
acquired  are included  in  these  financial   statements  from  their
respective  dates  of acquisition.

     In January 2001, the Company  acquired Excel  Electronics,  Inc.
through a merger with Celestica (US) Inc., a subsidiary of the Company.  In
February 2001, the Company acquired certain assets located in Dublin, Ireland
and Mt. Pleasant, Iowa from Motorola Inc. In March 2001, the Company
acquired certain assets of a repair  facility in Japan from N.K.  Techno Co.,
 Ltd. In May 2001,  the Company acquired  certain assets located in Little
Rock,  Arkansas and Denver,  Colorado from Avaya Inc. and in August 2001,
acquired certain assets in Saumur,  France. In June 2001, the Company
acquired Sagem CR s.r.o., in the Czech Republic,  from Sagem SA, of  France.
The  purchase  price for these  acquisitions  total  $309 million, subject to
adjustments.

     In August 2001, the Company acquired  certain assets in Columbus,  Ohio
and Oklahoma City,  Oklahoma from Lucent  Technologies  Inc. for a total
purchase of approximately  $572 million,  subject to adjustments.  The
Company signed a five year supply agreement with estimated  revenue of up to
$10 billion over the term of the agreement.

     In  August  2001,  the  Company   acquired   Primetech   Electronics
Inc. (Primetech),  an electronics  manufacturer in Canada. This acquisition
provided the Company with  additional  high  complexity  manufacturing
capability and an expanded  global customer base. The former  shareholders
of Primetech  received 0.22  subordinate  voting shares of Celestica  for
each share of Primetech.  The total purchase price of $179 million was
financed primarily with the issuance of 3,428,319  subordinate  voting shares
of the Company and the issuance of options to  purchase  268,299  subordinate
 voting  shares  of the  Company.  The  share consideration  was  valued
based  on  the  average  market  share  price  for a reasonable  period
before and after the date the terms of the  acquisition  were agreed to and
announced.

Details of the net assets acquired in these acquisitions,  at fair value, are
as follows:

<Table>
<Caption>
                                                                    ACQUISITIONS
                                                                    ------------
<S>                                                                 <C>
Current assets..................................................     $  502,845
Capital assets..................................................        260,110
Other long-term assets..........................................             96
Goodwill........................................................        143,838
Other intangible assets and intellectual property...............        194,541
Liabilities assumed.............................................        (41,841)
                                                                    ------------
Net assets acquired.............................................     $1,059,589
                                                                    ------------
                                                                    ------------

Financed by:
 Cash...........................................................     $  878,845
 Issue of shares................................................        180,744
                                                                    ------------
                                                                     $1,059,589
                                                                    ------------
                                                                    ------------
</Table>

     Other  intangible  assets  represent the excess of purchase  price over
the fair value of tangible assets acquired in facility acquisitions.

     In October 2001, the Company  acquired Omni Industries  Limited (Omni),
an electronics  manufacturer  headquartered  in Singapore.  This  acquisition
 will significantly enhance the Company's presence in Asia. The former
shareholders of Omni received 0.045 subordinate  voting shares of Celestica
or a cash payment of S$4.25,  for each share of Omni. The total purchase
price of approximately  $890 million was financed with the issuance of
approximately 9.2 million  subordinate voting shares of the Company and
approximately $475 million in cash.

<PAGE>


                                       6

                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


4.   OUTSTANDING SHARES:

     As at September 21, 2001,  Celestica had  outstanding  39,065,950
multiple voting shares,  180,854,203  subordinate voting shares and
17,192,693 options to acquire subordinate voting shares under Celestica's
employee incentive plans.

5.       OTHER CHARGES:

<TABLE>
<CAPTION>

                                                          THREE MONTHS ENDED              NINE MONTHS ENDED
                                                             SEPTEMBER 30                    SEPTEMBER 30
                                                         2000             2001           2000           2001
                                                    --------------  --------------  -------------- --------------
<S>                                                  <C>             <C>             <C>            <C>
Restructuring (a)..................................  $         -     $    43,530     $         -    $   100,528
Other (b)..........................................            -          36,084               -         36,084
                                                    --------------  --------------  -------------- --------------
                                                     $         -     $    79,614     $         -    $   136,612
                                                    --------------  --------------  -------------- --------------
                                                    --------------  --------------  -------------- --------------
</TABLE>

(a)      Restructuring:

     In response to a slowing end market,  the Company announced a
restructuring plan that  focused on facility  consolidations  and a workforce
 reduction.  The Company recorded a pre-tax  restructuring charge of $43,530
for the quarter. The following table details the components of the
restructuring charge:

<Table>
<Caption>
                                                   THREE MONTHS    NINE MONTHS
                                                      ENDED           ENDED
                                                    SEPTEMBER       SEPTEMBER
                                                    30, 2001        30, 2001
                                                   ------------    -------------
<S>                                                <C>             <C>
Employee termination costs.........................$    12,193     $    36,258
Lease and other contractual obligations............      7,957          19,896
Facility exit costs and other......................        758           4,524
Asset impairment (non-cash)........................     22,622          39,850
                                                   ------------    -------------
                                                   $    43,530     $   100,528
                                                   ------------    -------------
                                                   ------------    -------------
</Table>


The  following  table  details the  activity  through the accrued
restructuring liability:

<TABLE>
<CAPTION>


                                                       LEASE AND
                                       EMPLOYEE          OTHER          FACILITY
                                      TERMINATION     CONTRACTUAL      EXIT COSTS
                                         COSTS        OBLIGATIONS       AND OTHER         TOTAL
                                      ------------   -------------     ----------     ------------
<S>                                   <C>             <C>             <C>             <C>
Balance at June 30, 2001.............  $ 18,681        $    11,939     $   2,834       $    33,454
Provision............................    12,193              7,957           758            20,908
Cash payment.........................   (10,815)              (108)         (826)          (11,749)
                                      ------------   -------------     ----------     ------------
Balance at September 30, 2001          $ 20,059        $    19,788     $   2,766       $    42,613
                                      ------------   -------------     ----------     ------------
                                      ------------   -------------     ----------     ------------
</TABLE>


<PAGE>


                                       7

                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


     Employee  terminations  were made  across  all  geographic  regions  of
the company with the majority  pertaining to manufacturing  and plant
employees.  To date, a total of 8,201  employees have been  identified to be
terminated.  As of September  30,  2001,  6,229  employees  have  been
terminated.  The  remaining termination costs are expected to be paid out
within one year.

     The  non-cash  charges for asset  impairment  reflects  the  write-down
of certain long lived  assets in Canada,  US,  Europe,  and Mexico that have
become impaired as a result of the rationalization of facilities. The asset
impairments relate to goodwill,  machinery and equipment,  buildings and
improvements.  The assets were written  down to their  recoverable  amounts
using  estimated  cash flows.

     The major components of the  restructuring  are estimated to be complete
by the end of 2002, except for certain long term lease contractual
obligations.

     Subsequent  to  quarter  end,  the  Company  announced  it  would  incur
an additional  restructuring charge of between  approximately $100 and $130
million in the fourth quarter.

(b)      Other:

     During the quarter, the Company recorded a non-cash charge of $36,084. This
is comprised of a write-down of the carrying value of certain assets,  primarily
goodwill and other intangible assets.

 6.  SEGMENTED INFORMATION:

     The  Company's  operations  fall into one dominant  industry  segment,
the electronics manufacturing services industry. The Company manages its
operations, and accordingly  determines its operating  segments,  on a
geographic basis. The performance  of  geographic  operating  segments  is
monitored  based  on EBIAT (earnings  before  interest,  income taxes,
amortization of intangible  assets, other  charges  and  integration  costs
related to  acquisitions).  The Company monitors  enterprise-wide
performance based on adjusted net earnings,  which is calculated  as net
earnings  before  amortization  of intangible  assets,  other charges and
integration  costs related to  acquisitions,  net of related income taxes.
Inter-segment transactions are reflected at market value.

     The  following is a breakdown  of:  revenue,  EBIAT,  adjusted net
earnings (which is after income  taxes) and total assets by  operating
segment.  Certain comparative  information  has been restated to reflect
changes in the management of operating segments.

<TABLE>
<CAPTION>


                                                         THREE MONTHS ENDED             NINE MONTHS ENDED
                                                            SEPTEMBER 30                   SEPTEMBER 30
                                                        2000             2001          2000            2001
                                                   --------------  -------------- --------------  --------------
<S>                                                 <C>             <C>            <C>             <C>
Revenue
Americas........................................... $ 1,717,947     $ 1,442,719    $ 4,397,920     $ 4,851,130
Europe.............................................     764,272         641,641      1,637,126       2,385,547
Asia...............................................     213,192         163,849        559,135         575,709
Elimination of inter-segment revenue...............     (95,262)        (45,259)      (289,826)       (256,155)
                                                   --------------  -------------- --------------  --------------
                                                    $ 2,600,149     $ 2,202,950    $ 6,304,355     $ 7,556,231
                                                   --------------  -------------- --------------  --------------
                                                   --------------  -------------- --------------  --------------
</TABLE>


<PAGE>


                                       8

                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                         THREE MONTHS ENDED             NINE MONTHS ENDED
                                                            SEPTEMBER 30                   SEPTEMBER 30
                                                        2000            2001           2000            2001
                                                   --------------  -------------- --------------  --------------
<S>                                                <C>             <C>            <C>             <C>
EBIAT
Americas.......................................... $       55,517  $      38,806  $      129,798  $      146,677
Europe............................................         33,119         23,209          67,835         104,930
Asia..............................................          9,746          8,125          25,689          28,553
                                                   --------------  -------------- --------------  --------------
                                                           98,382         70,140         223,322         280,160
Interest, net.....................................          5,229          5,075          13,323          11,073
Amortization of intangible assets.................        (25,607)       (32,158)        (60,178)        (89,866)
Integration costs related to acquisitions.........         (4,842)       (10,017)        (10,413)        (20,140)
Other charges.....................................              -        (79,614)              -        (136,612)
                                                   --------------  -------------- --------------  --------------
Earnings before income taxes...................... $       73,162  $     (46,574) $      166,054  $       44,615
                                                   --------------  -------------- --------------  --------------
                                                   --------------  -------------- --------------  --------------
Adjusted net earnings............................. $       83,925  $      64,685  $      187,189  $      245,070
                                                   --------------  -------------- --------------  --------------
                                                   --------------  -------------- --------------  --------------
</TABLE>


<Table>
<Caption>
                                                         AS AT SEPTEMBER 30
                                                        2000            2001
                                                   --------------  -------------
<S>                                                <C>             <C>
Total assets
Americas.......................................... $    3,401,280  $   3,777,646
Europe............................................      1,578,123      1,723,858
Asia..............................................        494,194        436,088
                                                   --------------  -------------
                                                   $    5,473,597  $   5,937,592
                                                   ==============  =============
</Table>

     The Company's  external revenue  allocated by manufacturing  location
among foreign countries exceeding 10% are as follows:

<TABLE>
<CAPTION>
                                                         THREE MONTHS ENDED              NINE MONTHS ENDED
                                                             SEPTEMBER 30                   SEPTEMBER 30
                                                        2000             2001          2000            2001
                                                   --------------  -------------- --------------  --------------
<S>                                                 <C>             <C>            <C>             <C>
Revenue
Canada............................................          30%             19%            32%             22%
United States.....................................          29%             38%            30%             33%
Italy.............................................          13%             12%             7%             13%
United Kingdom....................................          15%             11%            17%             14%
</TABLE>


7.    ADJUSTED NET EARNINGS:

     The  Company  uses   adjusted  net  earnings  as  a  measure  of
operating performance  on a  enterprise-wide  basis.  Adjusted  net  earnings
 exclude the after-tax effect of integration  costs related to acquisitions,
amortization of intangible assets and other charges.

     The  following  is a breakdown  of adjusted  net  earnings and adjusted
net earnings per share basic and diluted:

<TABLE>
<CAPTION>

                                                          THREE MONTHS ENDED            NINE MONTHS ENDED
                                                             SEPTEMBER 30                  SEPTEMBER 30
                                                         2000            2001           2000            2001
                                                   --------------  -------------- -------------- --------------
<S>                                                <C>             <C>            <C>            <C>
Adjusted net earnings............................. $      83,925   $      64,685  $     187,189  $     245,070

Adjusted net earnings per share - basic........... $        0.40   $        0.28  $        0.93  $        1.13

Adjusted net earnings per share - diluted (1)
(note 2).......................................... $        0.38   $        0.27  $        0.89  $        1.08
</TABLE>

 (1) For  purposes  of the diluted per share  calculation  for the three
     months ended September 30, 2001, the weighted  average number of shares
     outstanding, in thousands, was 235,665.

8.    COMPARATIVE FIGURES

       Certain  comparative  figures have been  reclassified to conform with
the financial statement presentation adopted in the current period.

</TEXT>
</DOCUMENT>
