The drought in California expectedly hit American States, but prudent cost control helped the company
keep its operating margin above 20 % and grow its dividend at a compounded average clip of 10.7 % in the past five years.
Not exact matches
There's a familiar pattern in the company's history:
keep high - stakes R&D in Toronto; punt lower
margin commodity business to sites where labour costs are lower (Celestica
operates 20 facilities in 14 countries including Mexico, Taiwan and Malaysia).
Financial institutions
operate like any other business by
keeping expenses low while maximizing revenues to have the highest profit
margin possible.
The reason OnePlus
operates in this way is to
keep margins thin.