TORONTO – Celestica reported first-quarter revenue ended Mar. 31 of $1.312 billion, down 4% year-over-year.

Adjusted net earnings for the period were $47.1 million, up 57% year-over-year.

The communications market accounted for 40% of the firm’s business during the quarter, while consumer (6%) and storage (16%) markets accounted for less.

“Celestica delivered first-quarter revenue at the low end of our guidance range as end market demand continued to be volatile, primarily within our Communications business,” said Craig Muhlhauser, Celestica president and CEO.

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