TORONTO – Celestica reported second quarter revenue ended June 30 of $1.49 billion, up 4.8% year-over-year and 10% sequentially.

Revenue from the firm’s diversified end market grew 13% compared to the second quarter of 2015, and represented 30% of total revenue.

Net earnings for the quarter were $36.2 million, up 50% year-over-year.

"Celestica delivered 5% year-over-year revenue growth in the second quarter, with revenue and adjusted earnings per share above the midpoint of our guidance," said Rob Mionis, Celestica's president and CEO. "We also delivered sequential and year-over-year improvements in operating margin, return on invested capital and earnings per share.

"We are pleased with our momentum in delivering three consecutive quarters of year-over-year revenue growth, led by strength in our Diversified end market and certain programs in our Communications end market."

For the first six months of 2016, Celestica reported revenue of $2.84 billion, up 4.5% year-over-year. Net earnings for the period were $61.8 million, up 40.8% compared to the first half of 2015.

For the third quarter ending Sept. 30, the firm anticipates revenue in the range of $1.475 billion to $1.575 billion.

 Register now for PCB West, the Silicon Valley's largest trade show for the printed circuit industry, taking place Sept. 13-15 in Santa Clara: pcbwest.com

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