Celestica Reports Higher-Than-Expected 4Q 2015 Revenue

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Celestica Inc., a global leader in the delivery of end-to-end product lifecycle solutions, has announced a revenue of $1.515 billion in the fourth quarter of 2015, above its previously provided guidance range of $1.375 billion to $1.475 billion, and an increase of 8% sequentially and 6% compared to the fourth quarter of 2014.

Revenue from the company's diversified end-market represented 30% of total revenue, compared to 27% for the fourth quarter of 2014.

For the fiscal year 2015, Celestica posted a revenue of $5.6 billion, flat compared to 2014. For the full year, revenue from the company's diversified end market grew 4% to represent 29% of total revenue, compared to 28% for 2014.

"Celestica delivered revenue above our guidance range in the fourth quarter of 2015, driven primarily by strength in our storage and server markets," said Rob Mionis, Celestica’s President and chief executive officer. "We also achieved year-over-year improvements in free cash flow and return on invested capital. Despite a challenging environment, we reported solid financial and operating results for 2015, while continuing to invest in the business and returning over $400 million to shareholders through share repurchases during the year.

"We are entering 2016 with a strong foundation and a focus on accelerating our strategy to deliver profitable growth for the company, and to increase customer and shareholder value."

For the first quarter ending March 31, 2016, Celestica anticipates revenue to be in the range of $1.3 billion to $1.4 billion, and non-IFRS adjusted net earnings per share to be in the range of $0.19 to $0.25 (excluding any impact from taxable foreign exchange).