TORONTO – Celestica's second quarter revenue of $1.94 billion was an increase of 13% compared to the $1.72 billion in revenue for the second quarter of 2022.

"Celestica delivered another strong quarter, exceeding the high end of our guidance ranges on revenue and non-IFRS adjusted EPS*, with our non-IFRS operating margin* firmly above 5.0%," said President and CEO Rob Mionis. "Our business delivered solid results as our team continues to execute on our strategic plan and meet the evolving needs of our customers. Our diversified portfolio is driving revenue growth and margin expansion, despite softness in the Semi Capital Equipment market. We are pleased to raise our 2023 annual financial outlook, and expect our strong performance to continue into 2024 as all of our markets are poised for growth."

For the third quarter, the company projects revenue of $1.9 billion to $2.05 billion, and for the full year, the company raised its revenue forecast to at least $7.85 billion.

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