- Celestica ( NYSE: CLS ) reports revenue growth of 21% Y/Y in Q2.
- ATS segment revenue increased 24% Y/Y and CCS segment revenue increased 19% Y/Y.
- For Q3, the company expects revenue in the range of $1.65B to 1.8B vs. consensus of $1.66B; Non-IFRS operating margin of 4.8% at the mid-point of revenue guidance; Adjusted EPS of $0.41 to $0.47 vs. consensus of $0.43.
- For FY2022, the company raised revenue outlook to at least 6.7B vs. consensus of $6.56B and prior outlook of at least $6.5B; Non-IFRS operating margin to be between 4% to 5%; Tightens adjusted EPS outlook to $1.65 to $1.75 vs. consensus of $1.67 and prior view of $1.60 to $1.75.
- CEO comment: "Despite continued challenges in the macro environment, our Q2 2022 results met the high end of our revenue guidance range and non-IFRS adjusted earnings per share guidance range. As we look forward to a strong second half to the year, we remain on track to achieve solid double digit revenue and non-IFRS adjusted EPS* growth in 2022."
- Shares down 6.5% .
For further details see:
Celestica tops consensus in Q2, tightens EPS and raises revenue outlook for FY2022