TORONTO -- Celestica today announced first quarter revenue of $1.84 billion, up 17% from a year ago for the period ended Mar. 31.

Net income rose to $24.7 million, versus $21.8 million a year ago.

ATS segment revenue increased 14% over Q1 2022, with margins of 4.4%, down 60 basis points. CCS segment revenue increased 20%, while its margin rose to 5.8% versus 3.9% for Q1 2022.

Cash from operations was $72.3 million, compared to $35.3 million for Q1 2022.

Celestica guided for second quarter revenue of $1.75 billioon to $1.90 billion. It raised its full-year revenue guidance to $7.6 billion, up from $7.5 billion.

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