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.
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.