TORONTO, ON – Celestica reported fourth quarter revenue of $1.62 billion, up 7% year-over-year and 4% sequentially, above the firm’s previously provided guidance range of $1.5 to $1.6 billion.

Revenue from its diversified end market was relatively flat compared to the fourth quarter of 2015, and represented 27% of total revenue for the fourth quarter of 2016, compared to 30% of total revenue for the fourth quarter of 2015.

Net earnings for the quarter were $20.9 million, up 72.7% year-over-year.

For 2016, revenue was $6 billion, an increase of 7% compared to 2015.

Net earnings for the year ended Dec. 31 were $136.3 million, up 104% year-over-year.

"Celestica delivered a strong fourth quarter, with growth in revenue of 7% and growth in operating earnings of 16%, compared to the fourth quarter of 2015," said Rob Mionis, Celestica's president and CEO. "Celestica's strong close to the year helped deliver full-year 2016 revenue growth of 7%, 14% growth in operating earnings and over $100 million of free cash flow. Among the many highlights for 2016, we achieved our highest level of operating margins since 2001 and the highest revenue levels since 2012."