-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Celestica’s Q1 2016 Financial Results Within Guidance
April 22, 2016 | CelesticaEstimated reading time: 2 minutes
Celestica Inc., a global leader in the delivery of end-to-end product lifecycle solutions, today announced financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Highlights
- Revenue: $1.353 billion, within our previously provided guidance range of $1.3 billion to $1.4 billion, increased 4% compared to the first quarter of 2015
- Revenue from our diversified end market grew 24% compared to the first quarter of 2015, and represented 34% of total revenue, up from 28% of total revenue for the first quarter of 2015
- Operating margin (non-IFRS): 3.3%, compared to 3.1% for the first quarter of 2015
- Adjusted EPS (non-IFRS): $0.26 per share, above our previously provided guidance range of $0.19 to $0.25 per share, compared to $0.19 per share for the first quarter of 2015; adjusted EPS for the first quarter of 2016 includes a $0.02 per share net income tax benefit primarily related to favorable taxable foreign exchange (whereas our Q1 2016 guidance range excluded any impact from taxable foreign exchange)
- IFRS EPS: $0.18 per share, compared to $0.11 per share for the first quarter of 2015
- ROIC (non-IFRS): 17.4%, compared to 16.8% for the first quarter of 2015
- Free cash flow (non-IFRS): negative $34.8 million, compared to positive $22.0 million for the first quarter of 2015
- Launched a new normal course issuer bid (NCIB) in February 2016, pursuant to which we repurchased and cancelled 0.4 million subordinate voting shares for $4.3 million; in addition, we pre-funded a $30.0 million program share repurchase under the NCIB in March 2016
“Celestica delivered a solid first quarter, led by strength in our Diversified business, which grew by 24% year-over year,” said Rob Mionis, Celestica’s President and Chief Executive Officer. “We also delivered year-over-year revenue growth and improvements in operating margin, return on invested capital and earnings per share, as a result of our focus on continuous improvement and disciplined cost management.”
“We are pleased with the momentum we are building, as we continue to win new business and ramp new programs, while remaining focused on strong operational performance and financial discipline to drive customer and shareholder value.”
Second Quarter 2016 Outlook
For the second quarter ending June 30, 2016, we anticipate revenue to be in the range of $1.4 billion to $1.5 billion, and non-IFRS adjusted earnings per share to be in the range of $0.25 to $0.31. We expect a negative $0.07 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.
Suggested Items
Ark Electronics Expands Global Manufacturing Factory Network in North America and Europe
04/17/2024 | PRNewswireElectronic Manufacturing Company Ark Electronics recently announced the expansion of its Global Factory Network with the addition of Electronics Manufacturing Service (EMS) capabilities in Mexico and Europe.
New Yorker, Geyer Electronic Sign New Distribution Agreement
04/16/2024 | New Yorker Electronics Co.New Yorker Electronics, global distributor of electronic components, recently announced a new franchised distribution agreement with Geyer Electronic. Geyer is an international manufacturer of Quart Crystals, Oscillators and Resonators.
New Version of MVTec HALCON Machine Vision Software Focuses on Usability, Strengthening Core Features
04/16/2024 | MVTec Software GmbHMVTec Software GmbH, a leading international manufacturer of machine vision software, will release the new version 24.05 of its HALCON standard machine vision software on May 16.
It’s Only Common Sense: Here’s What To Do After IPC APEX EXPO 2024
04/15/2024 | Dan Beaulieu -- Column: It's Only Common SenseYou had a great time last week at IPC APEX EXPO 2024. Now you’re back home and ready to go on to other things. Au contraire mon frère. Now the work really gets started, and you must capitalize on all the good work you did last week. Follow up on the connections you made, the leads you created, and the partnerships and relationships you developed.
Dan’s Biz Bookshelf: Seeing the How
04/11/2024 | Dan Beaulieu -- Column: Dan's Biz BookshelfI might say this about a lot of books, but this one is a must-read. The author addresses a whole new way of doing business. It’s not like one day we woke up and there it was, a new way to get a ride (Uber), a new home away from home (Airbnb), a new way to get groceries (Instacart) and (DoorDash), and so on. The flood gates have opened, and there’s more to come.