Celestica Reports Q2 2017 Revenue of $1.56B

Reading time ( words)

Celestica Inc. has reported revenue of $1.56 billion for the second quarter ended June 30, 2017, up by 5% compared to the second quarter of 2016.

Revenue from the Communications end market increased by 14% compared to the second quarter of 2016, and represented 44% of total revenue, compared to 41% of total revenue for the second quarter of 2016. Revenue from the Advanced Technology Solutions end market decreased by 3% compared to the second quarter of 2016, and represented 31% of total revenue, compared to 33% of total revenue for the second quarter of 2016.

“Celestica delivered strong revenue in the second quarter representing another consecutive quarter of year-over-year revenue growth,” said Rob Mionis, Celestica’s president and chief executive officer. “I am pleased with the progress we are making against our strategy to create long-term value. We continue to evolve and diversify our customer and product portfolios across our business. As we enter the second half of the year, we intend to continue to invest in ramping new programs and in higher margin services such as our Joint Design and Manufacturing offering to help deliver strategic value to our customers.”

Third Quarter 2017 Outlook

For the quarter ending September 30, 2017, Celestica anticipates revenue to be in the range of $1.5 billion to $1.6 billion, non-IFRS operating margin to be 3.7% at the mid-point of expectations, and non-IFRS adjusted earnings per share to be in the range of $0.28 to $0.34. The company expects a negative $0.06 to $0.12 per share (pre-tax) aggregate impact on net earnings on an IFRS basis for employee stock-based compensation expense, amortization of intangible assets (excluding computer software) and restructuring charges.

About Celestica

Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers' success. Through our simplified global operations network and information technology platform, we are solid partners who deliver informed, flexible solutions that enable our customers to succeed in the markets they serve. Committed to providing a truly differentiated customer experience, our agile and adaptive employees share a proud history of demonstrated expertise and creativity that provides our customers with the ability to overcome complex challenges. For further information about Celestica, visit our website at www.celestica.com.


Suggested Items

House of Cards

09/04/2017 | Michael Ford, Aegis Software Corp.
With challenges like Industry 4.0 turning the manufacturing world upside down, we see solutions that are being quite brutally put together, through acquisition or partnership, which are expected to be perceived as being the solutions of tomorrow.

The Ever Greener Grass

08/22/2017 | Michael Ford, Aegis Software Corp.
What we think we know is a less dynamic concept than actual reality. So many things progress so quickly, that we either as individuals or organizations, simply cannot keep up any longer. How then do we know whether the grass is really greener on the other side if we are not able to see clearly what is happening?

Shenzhen Axxon Discusses Acquisition and Dispensing Market Trends

06/02/2017 | Stephen Las Marias, I-Connect007
Ivan Li, general manager at Shenzhen Axxon Automation Co. Ltd (China), discusses their recent acquisition by Mycronic, as well as the latest developments in the dispensing market. Also discussed is the China market, and how the company is staying ahead of the increasing competition in the dispensing industry.

Copyright © 2018 I-Connect007. All rights reserved.