Celestica Inc【CLS】株式ニュース

Celestica Announces Second Quarter 2025 Financial Results
July 28 2025 - 9:15PM

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Celestica Inc.1 (TSX and NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced financial results for the quarter ended June 30, 2025 (Q2 2025).
Q2 2025 Highlights

Revenue: $2.89 billion, increased 21% compared to $2.39 billion for second quarter of 2024 (Q2 2024).
GAAP earnings from operations as a % of revenue: 9.4%, compared to 5.6% for Q2 2024.
Adjusted operating margin (non-GAAP)*: 7.4%, compared to 6.3% for Q2 2024.
GAAP earnings per share2 (EPS): $1.82, compared to $0.80 for Q2 2024.
Adjusted EPS2 (non-GAAP)*: $1.39, compared to $0.90 for Q2 2024.
Repurchased 0.6 million common shares for cancellation for $40.0 million in Q2 2025.
“We achieved very strong results in the second quarter, with revenue of $2.89 billion and non-GAAP adjusted EPS* of $1.39, representing growth of 21% and 54%, respectively, each exceeding the high end of our guidance ranges. This performance was bolstered by strong adjusted operating margin* of 7.4%, another new high for the company, demonstrating the strength of our execution,” stated Rob Mionis, President and CEO.

“With our strong first half results, and a strengthening demand outlook from our CCS customers, we are increasing our full-year 2025 outlook. We now expect revenue to reach $11.55 billion, an increase from the prior $10.85 billion, and anticipate non-GAAP adjusted EPS* of $5.50, up from our previous estimate of $5.00.”

1 Celestica has two operating and reportable segments: Advanced Technology Solutions (ATS) (comprised of our Aerospace and Defense (A&D), Industrial, HealthTech and Capital Equipment businesses), and Connectivity & Cloud Solutions (CCS) (consists of our Communications and Enterprise (servers and storage) end markets). Segment performance is evaluated based on segment revenue, segment income and segment margin (segment income as a percentage of segment revenue). See note 3 to our June 30, 2025 unaudited interim condensed consolidated financial statements (Q2 2025 Interim Financial Statements) for further detail.
2 Per share information included in this press release is based on diluted shares outstanding unless otherwise noted.
* See Use of Non-GAAP Measures and Schedule 1 for, among other items, non-GAAP financial measures (and ratios) included in this press release, their definitions, uses, and a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures. Non-GAAP measures in this press release are denoted with an asterisk (*).

Third Quarter of 2025 (Q3 2025) Guidance

Q3 2025 Guidance
Revenue (in billions)(1) $2.875 to $3.125
Adjusted operating margin (non-GAAP)* 7.4% at the mid-point of our
revenue and non-GAAP adjusted
EPS guidance ranges
Adjusted EPS (non-GAAP)*(1) (2) $1.37 to $1.53

(1) Our guidance ranges for revenue and non-GAAP adjusted EPS have been expanded relative to prior quarters, in order to reflect the growth in our business.

(2) Q3 2025 guidance excludes a negative $0.23 to $0.29 per share (pre-tax) aggregate impact on net earnings on a GAAP basis for employee stock-based compensation (SBC) expense, amortization of intangible assets (excluding computer software), and restructuring charges. Q3 2025 guidance assumes a non-GAAP adjusted effective tax rate* of approximately 19%.

2025 Annual Outlook Update

Revenue of $11.55 billion (previous outlook $10.85 billion)
Adjusted operating margin (non-GAAP)* of 7.4% (previous outlook 7.2%)
Adjusted EPS (non-GAAP)* of $5.50 (previous outlook $5.00)
Non-GAAP free cash flow* of $400 million (previous outlook $350 million)
Our Q3 2025 Guidance and 2025 Annual Outlook Update assume no material changes to tariffs or trade restrictions compared to what are in effect as of July 28, 2025 and no material changes from current macroeconomic trends and uncertainties. Substantially all tariffs paid by Celestica are expected to be recovered from our customers, and are not expected to materially impact our non-GAAP adjusted EBIAT* or non-GAAP adjusted net earnings* dollars.