Celestica (CLS) Q2 FY2024 earnings: revenue $2.4 billion

Celestica Inc. (CLS) reported revenue of $2.4 billion for Q2 FY2024, the quarter ended 30 June 2024. Net income was $95 million, and diluted earnings per share $0.80. The figures are the company's own, from the 10-Q it filed with the SEC on 28 July 2025.

Revenue$2.4 billion

Net income$95 million

Diluted EPS$0.80

QuarterQ2 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Revenue	2,392	2,209	n/a	n/a
Cost of revenue	2,138	1,987	n/a	n/a
Gross profit	254	222	n/a	n/a
Gross margin	10.6%	10.1%	n/a
Research and development	19.4	16.5	n/a	n/a
Selling, general and administrative	79.3	64.8	n/a	n/a
Operating income	133	126	n/a	n/a
Operating margin	5.6%	5.7%	n/a
Interest expense	15.0	14.0	n/a	n/a
Pre-tax income	114	105	n/a	n/a
Income tax	18.5	13.4	n/a	n/a
Effective tax rate	16.3%	12.7%	n/a
Net income	95.0	91.8	n/a	n/a
Net margin	4.0%	4.2%	n/a
Diluted EPS	$0.80	$0.77	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Operating cash flow	99.6	108	n/a	n/a
Capital expenditure	36.9	40.4	n/a	n/a
Free cash flow	62.7	67.7	n/a	n/a
Free cash flow margin	2.6%	3.1%	n/a
Cash from investing	-70.1	-40.4	n/a	n/a
Cash from financing	96.4	-130	n/a	n/a
Depreciation and amortisation	36.9	35.7	n/a	n/a
Share-based compensation	11.9	22.7	n/a	n/a
Buybacks	10.0	16.5	n/a	n/a
Diluted shares, weighted	119m	119m	n/a	n/a
Shares outstanding at period end	115m	115m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Shareholders' equity	1,799	1,709	n/a	n/a
Cash and equivalents	434	308	n/a	n/a

Questions

What was Celestica's revenue in Q2 FY2024?

Celestica (CLS) reported revenue of $2.4 billion for Q2 FY2024, the quarter ended 30 June 2024.

How much did Celestica earn in Q2 FY2024?

Net income for Q2 FY2024 was $95 million, and diluted earnings per share $0.80.

When did Celestica report Q2 FY2024 results?

Celestica filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 28 July 2025.

Quarterly results, the last 11 quarters

	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	2,209	2,392	2,500	2,546	2,649	2,893	3,194	3,655	4,047	4,699	5,830
Cost of revenue	1,987	2,138	2,239	2,248	2,375	2,522	2,778	3,222	3,610	4,121	5,189
Gross profit	222	254	261	297	274	371	416	433	437	578	641
Gross margin	10%	11%	10%	12%	10%	13%	13%	12%	11%	12%	11%
R&D	16.5	19.4	18.7	23.4	17.6	34.0	36.4	30.2	41.2	46.3	51.2
SG&A	64.8	79.3	91.8	57.6	112	38.9	38.4	70.1	117	58.1	118
Operating income	126	133	138	203	129	272	325	314	272	458	460
Operating margin	6%	6%	6%	8%	5%	9%	10%	9%	7%	10%	8%
Interest expense	14.0	15.0	11.2	11.9	13.7	13.5	12.8	12.6	16.0	21.2	24.1
Pre-tax income	105	114	124	190	114	257	311	301	256	442	456
Tax rate	13%	16%	28%	20%	24%	18%	14%	11%	17%	16%	13%
Net income	91.8	95.0	89.5	152	86.2	211	268	268	212	369	397
Net margin	4%	4%	4%	6%	3%	7%	8%	7%	5%	8%	7%
Diluted EPS	$0.77	$0.80	$0.75	$1.29	$0.74	$1.82	$2.31	$2.31	$1.83	$3.17	$3.26
Operating cash flow	108	99.6	123	143	130	152	126	251	356	411	390
Capital expenditure	40.4	36.9	46.0	47.6	36.7	32.5	37.3	94.7	230	264	274
Free cash flow	67.7	62.7	76.8	95.8	93.6	120	88.9	156	127	147	116
Buybacks	16.5	10.0	100	25.5	77.7	40.0	0.0	35.7	22.6	0.0	0.0
Shares outstanding	115m	115m	115m	116m	115m	115m	115m	115m	115m	115m	126m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2024, filed 28 July 2025: the filing.