On Thursday, Shares of Celestica Inc. (NYSE:CLS) gained 4.19% to $10.95. The 52-week range of the share price is from $8.07 – $13.49. The beta value for this stock stands at 0.868227 points, while its earnings per share (EPS) was $0.42. The company has total market capitalization of $1.54B and a total of 126.81M outstanding shares. Celestica today declared financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Highlights
Revenue: $1.353 billion, within company’s formerly offered guidance range of $1.30 billion to $1.40 billion, raised 4% contrast to the first quarter of 2015
Revenue from company’s diversified end market grew 24.0% contrast to the first quarter of 2015, and represented 34.0% of total revenue, up from 28.0% of total revenue for the first quarter of 2015
Operating margin (non-IFRS): 3.30%, contrast to 3.10% for the first quarter of 2015
Adjusted EPS (non-IFRS): $0.260 per share, above our formerly offered guidance range of $0.19 to $0.25 per share, contrast to $0.190 per share for the first quarter of 2015; adjusted EPS for the first quarter of 2016 includes a $0.020 per share net income tax benefit mainly related to favorable taxable foreign exchange (whereas our Q1 2016 guidance range excluded any impact from taxable foreign exchange)
IFRS EPS: $0.18 per share, contrast to $0.11 per share for the first quarter of 2015
ROIC (non-IFRS): 17.40%, contrast to 16.80% for the first quarter of 2015
Free cash flow (non-IFRS): negative $34.80 million, contrast to positive $22.0M for the first quarter of 2015
Launched a new normal course issuer bid (NCIB) in February 2016, following which company repurchased and cancelled 0.4 million subordinate voting shares for $4.30 million; in addition, it pre-funded a $30.0 million program share repurchase under the NCIB in March 2016
Second Quarter 2016 Outlook
For the second quarter ending June 30, 2016, the company anticipate revenue to be in the range of $1.40 billion to $1.50 billion, and non-IFRS adjusted earnings per share to be in the range of $0.25 to $0.31. Company expect a negative $0.07 to $0.12 per share (pre-tax) aggregate impact on net earnings on an IFRS basis for employee stock-based compensation expense, amortization of intangible assets (apart from computer software) and restructuring charges.
