Filing Flows › Celestica (CLS) › Q1 2025
Celestica (CLS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Celestica (CLS) reported revenue of $2.6B for the first quarter 2025 (Q1 2025), +20% from a year earlier and +4% from the quarter before. Operating margin was 4.9%, net earnings $86.2M (3.3% of revenue).
Celestica, Q1 2025: revenue $2.6B (+20% year over year), operating margin 4.9%, net earnings $86.2M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +4% | +20% |
| Gross profit | $274M | -8% | +23% |
| Operating profit | $129M | -36% | +2% |
| Net earnings | $86.2M | -43% | -6% |
| Operating cash flow | $130M | -9% | +21% |
| Free cash flow | $93.6M | -2% | +38% |
What changed
Revenue was $2.6B in Q1 2025, up 20% year over year and up 4% from the previous quarter. CCS was the largest line at 70% of revenue. CCS added $0.40B year over year (up 28%), 91% of the total change.
Gross margin was 10.3%, up 0.3 points from a year earlier. Operating profit was $0.13B, a 4.9% margin (down 0.8 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 6% margin then. Operating expenses grew 51% against revenue growth of 20%. The fastest-growing cost line was SG&A (+74%). Net earnings were $0.09B, down 6% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.13B (up 21% year over year), 151% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.04B left free cash flow of $0.09B.
Questions
What was Celestica's revenue in the first quarter 2025?
Celestica (CLS) reported revenue of $2.6B for the first quarter 2025 (Q1 2025), +20% from a year earlier and +4% from the quarter before.
Was Celestica profitable in the first quarter 2025?
Operating profit was $129M (4.9% of revenue) and net earnings $86.2M.
Source: Celestica 10-Q on SEC EDGAR.