Celestica Announces Third Quarter 2019 Financial Results
Celestica, Inc. (CLS)
Last celestica, inc. earnings: 4/29 07:00 am
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Source: GlobeNewswire
TORONTO, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX: CLS)(NYSE: CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, today announced financial results for the quarter ended September 30, 2019 (Q3 2019). Q3 2019 Highlights Revenue: $1.52 billion, above our Q3 2019 guidance range of $1.4 to $1.5 billion, decreased 11% compared to $1.71 billion for the third quarter of 2018 (Q3 2018). Operating margin (non-IFRS)*: 2.8%, above our Q3 2019 guidance of 2.5% at the midpoint of our revenue and non-IFRS adjusted EPS* guidance ranges, compared to 3.3% for Q3 2018. Advanced Technology Solutions (ATS) segment revenue**: relatively flat compared to Q3 2018, and represented 37% of total revenue, compared to 33% of total revenue for Q3 2018; ATS segment margin** was 2.8%, compared to 4.6% for Q3 2018 (see Segment Updates below). Connectivity & Cloud Solutions (CCS) segment revenue**: decreased 17% compared to Q3 2018, and repres
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