Celestica Full Year 2024 Earnings: EPS Beats Expectations

Celestica (TSE:CLS) Full Year 2024 Results

Key Financial Results

• Revenue: US$9.65b (up 21% from FY 2023).
• Net income: US$428.0m (up 75% from FY 2023).
• Profit margin: 4.4% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.62 (up from US$2.04 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Celestica EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%.

The primary driver behind last 12 months revenue was the Connectivity & Cloud Solutions (CCS) segment contributing a total revenue of US$6.49b (67% of total revenue). Notably, cost of sales worth US$8.61b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$295.3m (49% of total expenses). Explore how CLS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Canada.

Performance of the Canadian Electronic industry.

The company's shares are down 14% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Celestica that you need to be mindful of.

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