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© begemot 30 dreamstime.com Electronics Production | July 22, 2016

Celestica: $1.49 billion dollar in revenues

Celestica delivered a 5 percent year over year revenue growth in the second quarter.
Revenues stood at USD 1.49 billion, at the high end of the previously provided guidance range of USD 1.4 to USD 1.5 billion, increased 10% sequentially and 5% compared to the second quarter of 2015.

IFRS net earnings was 36,2 million dollar compared to last years Q2 and 24.2 million dollar.

“Celestica delivered 5% year over year revenue growth in the second quarter with revenue and adjusted earnings per share above the midpoint of our guidance,” said Rob Mionis, Celestica’s President and Chief Executive Officer. “We also delivered sequential and year-over-year improvements in operating margin, return on invested capital and earnings per share.”

“We are pleased with our momentum in delivering three consecutive quarters of year-over-year revenue growth, led by strength in our Diversified end market and certain programs in our Communications end market. Overall, we remain focused on further diversifying our business while delivering value to our customers and shareholders through strong operational and financial performance.”

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