TORONTO – Celestica today reported first quarter revenue of $1.35 billion, up 4% year-over-year.

The results were within the firm’s previous guidance range of $1.3 billion to $1.4 billion.

Net income rose 30% from last year to $25.6 million for the period ended Mar. 31.

Revenue from the EMS company’s diversified end-market grew 24% compared to 2015, and represented 34% of total revenue, up from 28% of total revenue a year ago.

Communications remained the firm’s largest end-market, at 38% of sales, following by diversified markets (34%, up six percentage points year-over-year), storage (16%, down two points), servers (9% down two points) and consumer (flat at 3%). The diversified market is comprised of aerospace and defense, industrial, healthcare, energy, and semiconductor equipment.

“Celestica delivered a solid first quarter, led by strength in our Diversified business, which grew by 24% year-over year," said Rob Mionis, president and chief executive. "We also delivered year-over-year revenue growth and improvements in operating margin, return on invested capital and earnings per share, as a result of our focus on continuous improvement and disciplined cost management.

Celestica guided for second-quarter revenue of $1.4 billion to $1.5 billion.

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