Celestica Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Celestica (TSE:CLS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.50b (up 22% from 3Q 2023).
• Net income: US$91.7m (up 14% from 3Q 2023).
• Profit margin: 3.7% (down from 3.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.78 (up from US$0.67 in 3Q 2023).

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

Celestica Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada.

Performance of the Canadian Electronic industry.

The company's shares are up 17% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Celestica's balance sheet and an in-depth analysis of the company's financial position.

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