Celestica Full Year 2023 Earnings: EPS Beats Expectations
Celestica (TSE:CLS) Full Year 2023 Results
Key Financial Results
Revenue: US$7.96b (up 9.8% from FY 2022).
Net income: US$244.6m (up 68% from FY 2022).
Profit margin: 3.1% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue.
EPS: US$2.04 (up from US$1.18 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Celestica EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%.
The primary driver behind last 12 months revenue was the Connectivity & Cloud Solutions (CCS) segment contributing a total revenue of US$4.64b (58% of total revenue). Notably, cost of sales worth US$7.18b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$279.6m (52% of total expenses). Explore how CLS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electronic industry in Canada.
Performance of the Canadian Electronic industry.
The company's shares are down 4.5% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Celestica.
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