Celestica (CLS) Reports In-Line Q2 EPS, Beats on Revenues

Celestica (NYSE: CLS) reported Q2 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.55 billion.

Second Quarter 2017 Highlights

• Revenue: $1.56 billion, at the mid-point of our previously provided guidance range of $1.5 to $1.6 billion, increased 5% compared to the second quarter of 2016
• Revenue dollars from our Communications end market increased 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 dollars from our Advanced Technology Solutions* end market decreased 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
• IFRS EPS: $0.24 per share, compared to $0.25 per share for the second quarter of 2016
• Adjusted EPS (non-IFRS): $0.32 per share, at the mid-point of our previously provided guidancerange of $0.29 to $0.35 per share, compared to $0.29 per share for the second quarter of 2016
• Operating margin (non-IFRS): 3.7%, at the mid-point of our expectations, compared to 3.8% for the second quarter of 2016
• Adjusted ROIC (non-IFRS): 21.0%, compared to 20.9% for the second quarter of 2016
• Free cash flow (non-IFRS): $32.8 million, compared to negative $23.8 million for the second quarter of 2016

For earnings history and earnings-related data on Celestica (CLS) click here.