Celestica Announces Second Quarter 2019 Financial Results
Celestica, Inc. (CLS)
Last celestica, inc. earnings: 4/29 07:00 am
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corporate.celestica.com/events-and-presentations
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Source: GlobeNewswire
TORONTO, July 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 June 30, 2019 (Q2 2019). Q2 2019 Highlights Revenue: $1.45 billion, at the midpoint of our Q2 2019 guidance range of $1.4 to $1.5 billion, decreased 15% compared to $1.70 billion for the second quarter of 2018 (Q2 2018). Operating margin (non-IFRS)*: 2.5%, slightly above our Q2 2019 guidance of 2.4% at the midpoint of our revenue and non-IFRS adjusted EPS* guidance ranges, compared to 3.1% for Q2 2018. Advanced Technology Solutions (ATS) segment revenue** increased 2% compared to Q2 2018, and represented 39% of total revenue as compared to 33% for Q2 2018; ATS segment margin** was 2.8% compared to 5.1% for Q2 2018, driven primarily by losses within our capital equipment business (see Segment Updates below). Co
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