Celestica Announces Q1 2025 Financial Results

Estimated reading time: 1 minute

Celestica Inc., a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, announced financial results for the quarter ended March 31, 2025 (Q1 2025).

Q1 2025 Highlights

• Revenue: $2.65 billion, increased 20% compared to $2.21 billion for first quarter of 2024 (Q1 2024).
• GAAP earnings from operations as a % of revenue: 4.9%, compared to 5.7% for Q1 2024.
• Adjusted operating margin (non-GAAP)*: 7.1%, compared to 5.9% for Q1 2024.
• GAAP earnings per share2 (EPS): $0.74, compared to $0.77 for Q1 2024.
• Adjusted EPS2 (non-GAAP)*: $1.20, compared to $0.83 for Q1 2024.
• Repurchased 0.6 million common shares for cancellation for $75.0 million in Q1 2025.

“Celestica delivered a strong first quarter in 2025, achieving revenue of $2.65 billion and non-GAAP adjusted EPS* of $1.20, both surpassing the high end of our guidance ranges. This strong performance was further highlighted by our highest ever adjusted operating margin* of 7.1%,” stated Rob Mionis, President and CEO.

“With these results, and a strengthening demand outlook from our CCS customers, we are raising our full-year 2025 outlook. We now expect revenue to reach $10.85 billion, an increase from our prior $10.7 billion, and anticipate non-GAAP adjusted EPS* of $5.00, up from our previous $4.75.”

2025 Annual Outlook Update

• Revenue of $10.85 billion (previous outlook was $10.70 billion)
• Adjusted operating margin (non-GAAP)* of 7.2% (previous non-GAAP outlook was 6.9%)
• Adjusted EPS (non-GAAP)* of $5.00 (previous non-GAAP outlook was $4.75)