Celestica Announces Second Quarter 2022 Financial Results

Q2 2022 Revenue and non-IFRS adjusted EPS* at the high end of guidance range

Full Year Outlook raised

TORONTO — Celestica Inc. (TSX: CLS) (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, 2022 (Q2 2022).

“We are pleased to deliver another quarter of strong performance in Q2 2022, as our positive momentum continues to build,” said Rob Mionis, President and CEO, Celestica.

“Despite continued challenges in the macro environment, our Q2 2022 results met the high end of our revenue guidance range and non-IFRS adjusted earnings per share (EPS)* guidance range. As we look forward to a strong second half to the year, we remain on track to achieve solid double digit revenue and non-IFRS adjusted EPS* growth in 2022.”

Q2 2022 Highlights

• Key measures:

  • Revenue: $1.72 billion, increased 21% compared to $1.42 billion for the second quarter of 2021 (Q2 2021).
  • Non-IFRS operating margin*: 4.8%, compared to 3.9% for Q2 2021.
  • ATS segment revenue: increased 24% compared to Q2 2021; ATS segment margin was 4.5%, compared to 4.1% for Q2 2021.
  • CCS segment revenue: increased 19% compared to Q2 2021; CCS segment margin was 5.0%, compared to 3.7% for Q2 2021.
  • Adjusted EPS (non-IFRS)*: $0.44, compared to $0.30 for Q2 2021.
  • Adjusted return on invested capital (non-IFRS)*: 16.2%, compared to 13.7% for Q2 2021.
  • Adjusted free cash flow (non-IFRS)*: $43.3 million, compared to $31.2 million for Q2 2021.

• IFRS financial measures (directly comparable to non-IFRS measures above):

  • Earnings from operations as a percentage of revenue: 3.7%, compared to 3.0% for Q2 2021.
  • EPS: $0.29, compared to $0.21 per share for Q2 2021.
  • Return on invested capital: 9.7%, compared to 8.7% for Q2 2021.
  • Cash provided by operations: $86.9 million, compared to $56.5 million for Q2 2021.

• Repurchased and cancelled 1.0 million shares for $9.8 million under our normal course issuer bid.

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