Celestica (NYSE: CLS) reported Q1 EPS of $0.26, $0.04 better than the analyst estimate of $0.22. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.35 billion.

"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."

GUIDANCE:

Celestica sees Q2 2016 EPS of $0.25-$0.31, versus the consensus of $0.28. Celestica sees Q2 2016 revenue of $1.4-1.5 billion, versus the consensus of $1.43 billion.

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