The earnings call highlighted strong financial performance in Q4 2024 and for the full year, driven by growth in the CCS segment and significant customer wins. Despite challenges in the enterprise market and flat ATS segment revenue, the outlook for 2025 is positive with increased revenue and EPS projections.

Company Guidance

During Celestica's Q4 2024 earnings call, guidance was provided for Q1 2025, with projected revenue between $2.475 billion and $2.625 billion, representing a 15% growth at the midpoint. Adjusted earnings per share (EPS) are expected to be between $1.06 and $1.16, reflecting a 34% increase at the midpoint. The non-GAAP operating margin is anticipated to be 6.8%, marking a 90 basis point improvement year-over-year. The adjusted effective tax rate for Q1 2025 is projected to be approximately 20%. For 2025, Celestica raised its full-year revenue outlook to $10.7 billion, up from a previous forecast of $10.4 billion, translating to an 11% growth. Adjusted EPS is expected to reach $4.75, representing a 22% increase, with a non-GAAP operating margin of 6.9%. The company also increased its free cash flow outlook to $350 million, highlighting robust earnings conversion and continued growth investment.

Strong Q4 2024 Performance

Celestica delivered strong performance in Q4 2024 with revenues of $2.55 billion, which was at the high-end of the guidance range, and an adjusted EPS of $1.11, exceeding the high-end of the guidance range. Adjusted operating margin was 6.8%.

Record Full-Year 2024 Results

For the full year 2024, Celestica achieved $9.65 billion in revenues and adjusted EPS of $3.88, representing growth of 21% and 58% respectively, along with a 100 basis point improvement in adjusted operating margin.

CCS Segment Growth

The CCS segment saw a strong growth of 30% year-over-year in Q4 2024, driven by significant demand from Hyperscaler customers and a 64% increase in communications end market revenue.

Improved Financial Metrics

Adjusted gross margin for Q4 2024 was 11.0%, up 50 basis points. Adjusted ROIC improved by 550 basis points to 29.1%. Free cash flow for 2024 was $306 million, above the most recent annual outlook of $275 million.

New Customer Wins

Celestica secured significant new wins, including a second 1.6T switching program with a large Hyperscaler customer and a new HPS win with a leading digital native company.

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Celestica (TSE:CLS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:CLS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2025	2025 (Q1)	1.61 / -	1.179	―	―	―
Jan 29, 2025	2024 (Q4)	1.50 / 1.60	1.021	56.71% (+0.58)
Oct 23, 2024	2024 (Q3)	1.29 / 1.44	0.898	60.36% (+0.54)
Jul 24, 2024	2024 (Q2)	1.11 / 1.26	0.726	73.14% (+0.53)
Apr 24, 2024	2024 (Q1)	0.98 / 1.18	0.64	84.22% (+0.54)
Jan 29, 2024	2023 (Q4)	0.91 / 1.02	0.749	36.32% (+0.27)
Oct 25, 2023	2023 (Q3)	0.81 / 0.90	0.708	26.84% (+0.19)
Jul 26, 2023	2023 (Q2)	0.64 / 0.73	0.566	28.27% (+0.16)
Apr 26, 2023	2023 (Q1)	0.62 / 0.64	0.501	27.74% (+0.14)
Jan 25, 2023	2022 (Q4)	0.73 / 0.75	0.559	33.99% (+0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:CLS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2025	C$144.99	C$165.78	+14.34%
Oct 23, 2024	C$79.47	C$93.99	+18.27%
Jul 24, 2024	C$73.75	C$70.64	-4.22%
Apr 24, 2024	C$60.42	C$59.12	-2.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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