Celestica Reports $2B in Q3 Revenue
TORONTO – Celestica announced revenue of $2.04 billion in the third quarter, marking a 6% increase from 2022's third quarter.
For the full year, the company increased its projection of $7.85 billion in revenue to $7.9 billion, and said it expects revenue growth to continue into 2024, supported by anticipated strong secular tailwinds and new program wins.
"Our solid Q3 2023 results and year-to-date performance have positioned us to exceed our previously-issued 2023 annual financial outlook and deliver new company highs for non-IFRS adjusted EPS* and non-IFRS operating margin*,” said Rob Mionis, President and CEO, Celestica. "We are confident in our long-term strategy and our ability to deliver strong and consistent financial results. We are also pleased to reiterate our 2024 outlook for non-IFRS adjusted EPS growth of 10%, or more, compared to our increased 2023 annual outlook."
