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Celestica Inc. (CLS)
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Q: Thoughts on the quarter please?

Thx

Asked by blake on January 31, 2024

5i Research Answer:

EPS of 76c beat estimates of 68c; revenue of $2.14B beat estimates by 3%. 1Q guidance was raised about 10%. Revenue rose 5% for the quarter and 10% for the year. Margins rose to 6.0% from 5.3%. The AI boom has driven demand for data centre hardware, with enterprise revenue up 46%. CLS also raised its free cash flow estimates. Things look solid here.

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