TORONTO – Celestica reported annual revenue of $9.65 billion, up 21,2% from 2023's total.

For the fourth quarter, the company's revenue of $2.55 billion marked a 19% increase compared to the fourth quarter of 2023.

"We are pleased with the company’s strong performance in the fourth quarter and solid finish to 2024," said Rob Mionis, president and CEO, Celestica. "Fourth quarter revenue of $2.55 billion was up 19% year-over-year, while non-GAAP adjusted EPS of $1.11 was our highest quarterly EPS ever. For the full year 2024, Celestica achieved 21% revenue growth, while our non-GAAP adjusted EPS* grew 58% year-over-year.

"Looking towards 2025, we are pleased to raise our full-year outlook, reflecting strengthening demand in our CCS segment. We now anticipate revenue of $10.7 billion, an increase from our previous outlook of $10.4 billion, and non-GAAP adjusted EPS* of $4.75, up from our previous outlook of $4.42. Overall, the current demand environment for data center hardware is robust, as evidenced by recent customer forecasts as well as new AI program awards over the last 90 days, including our second and third 1.6T program wins. As such, we believe the positive momentum we are experiencing will continue beyond this year, and into 2026."

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