Q: Hi 5i Team,
Pls comment on Celestica 1st qtr earning result.
Thanks.
Pls comment on Celestica 1st qtr earning result.
Thanks.
5i Research Answer:
Earnings looked good with EPS of $2.16 vs $2.07 expected and revenue of $4.05 bln vs $3.96 bln expected. These are on fairly high expectations to begin with. Outlook for Q2 EPS is int he range of $2.14 to $2.34 vs $2.14 expected and sales of $4.15 bln to $4.45 blns vs $4.17 expected. CLS is also gaining insight into 2027 and expects sales to exceed $6.5 bln. Overall this looked like a strong quarter. Shares do look like they are going to trade down today but the company has had a 1-month 55% run, so a bit of a breather is not unreasonable.