Celestica Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

March 05, 2025

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).

revenue-and-expenses-breakdown — TSX:CLS Revenue and Expenses Breakdown March 5th 2025

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.