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Investing.com -- Celestica Inc . (NYSE:CLS) reported first quarter earnings and revenue that exceeded analyst expectations, but shares fell 3.6% as investors appeared to focus on guidance that was only modestly above consensus.
The electronics manufacturing services provider posted adjusted earnings per share of $1.20 for Q1 2025, surpassing the analyst estimate of $1.12. Revenue came in at $2.65 billion, beating the consensus forecast of $2.56 billion and representing a 20% increase YoY.
Despite the strong results, Celestica (TSX:CLS)’s stock declined in after-hours trading. The company provided Q2 2025 guidance for adjusted EPS of $1.17-$1.27 on revenue of $2.575-$2.725 billion. While the midpoints of both ranges were slightly above analyst expectations, the outlook may not have been as robust as some investors hoped given the Q1 outperformance.
Celestica raised its full-year 2025 outlook, now projecting revenue of $10.85 billion, up from its previous forecast of $10.7 billion. The company also increased its adjusted EPS guidance to $5.00 from $4.75 previously.
"Celestica delivered a strong first quarter in 2025, achieving revenue of $2.65 billion and non-GAAP adjusted EPS of $1.20, both surpassing the high end of our guidance ranges," said Rob Mionis, President and CEO. He added that the company achieved its highest ever adjusted operating margin of 7.1%.
The company’s Connectivity & Cloud Solutions segment saw revenue jump 28% YoY to $1.84 billion, while the Advanced Technology Solutions segment grew 5% to $0.81 billion.
Celestica repurchased 0.6 million common shares for $75.0 million during the quarter.
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