Celestica: Fourth Quarter Financial Overview

Celestica Inc. Announces Strong Fourth-Quarter Results

Celestica Inc., headquartered in Toronto, revealed a net profit of $267.5 million for the fourth quarter.

The company reported earnings of $2.31 per share, with adjusted earnings—excluding one-time gains—coming in at $1.89 per share.

These figures surpassed analyst expectations, as the consensus from three Zacks Investment Research analysts had projected earnings of $1.74 per share.

Celestica, a provider of electronics manufacturing services, also reported quarterly revenue of $3.65 billion, outperforming the anticipated $3.47 billion.

For the full year, Celestica achieved a profit of $832.5 million, or $7.16 per share, on total revenue of $12.39 billion.

Looking ahead to the first quarter ending in March, the company anticipates earnings per share to fall between $1.95 and $2.15.

Revenue for the upcoming quarter is expected to range from $3.85 billion to $4.15 billion.

This article was produced by Automated Insights using data provided by Zacks Investment Research.