Celestica Announces Q3 Revenues of $1.92 Billion
TORONTO — Celestica has announced that it saw third-quarter revenues of $1.92 billion, an increase of 31% compared to the $1.47 billion in revenues for the third quarter of 2021.
The company anticipates fourth-quarter revenues of $1.875 billion to $2.025 billion, and a total of around $7.08 billion to $7.23 billion by the end of the year. With its strong financial performance in 2022, Celestica's 2023 outlook has been adjusted to consist of revenues of at least $7.5 billion.
"We continue to execute on our strategy to drive profitable growth, and we are pleased with our solid financial results and the momentum that has been building. Year to date, our revenues are up 26%, and our non-IFRS adjusted EPS* is up 56%, compared to the prior year period. The strong performance in recent quarters continues to be driven by new project ramps in our ATS segment and strong demand with market share gains in our Hardware Platform Solutions business. Based on our strong momentum, we are raising our revenue and non-IFRS adjusted EPS* outlook for 2022, and expect revenue and non-IFRS adjusted EPS* growth in 2023," said Rob Mionis, President and CEO, Celestica.
