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  5. CLS: Thoughts please on the CLS quarter? [Celestica Inc. Subordinate Voting Shares]
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Q: Thoughts please on the CLS quarter?

Asked by blake on May 01, 2023
5i Research Answer:

EPS of 47c beat estimates of 45.5c. Sales of $1.83B beat estimates of $1.81B. EBITDA of $133.7M beat estimates by 11%. Sales rose 17%. ATS (advanced tech solutions) did well offsetting weakness in the CCS (connectivity and cloud services) division. 2023 revenue guidance was for $7.6B, up from $7.5B but inline with current estimates. EPS guidance was raised slightly. Two brokers cut their targets.