Celestica (CLS) Q4 FY2024 earnings: revenue $2.5 billion

Celestica Inc. (CLS) reported revenue of $2.5 billion for Q4 FY2024, the quarter ended 31 December 2024. Net income was $152 million, and diluted earnings per share $1.29. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.

Revenue$2.5 billion

Net income$152 million

Diluted EPS$1.29

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Revenue	2,546	2,500	n/a	n/a
Cost of revenue	2,248	2,239	n/a	n/a
Gross profit	297	261	n/a	n/a
Gross margin	11.7%	10.4%	n/a
Research and development	23.4	18.7	n/a	n/a
Selling, general and administrative	57.6	91.8	n/a	n/a
Operating income	203	138	n/a	n/a
Operating margin	8.0%	5.5%	n/a
Interest expense	11.9	11.2	n/a	n/a
Pre-tax income	190	124	n/a	n/a
Income tax	37.8	34.5	n/a	n/a
Effective tax rate	19.9%	27.8%	n/a
Net income	152	89.5	n/a	n/a
Net margin	6.0%	3.6%	n/a
Diluted EPS	$1.29	$0.75	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. 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	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	143	123	n/a	n/a
Capital expenditure	47.6	46.0	n/a	n/a
Free cash flow	95.8	76.8	n/a	n/a
Free cash flow margin	3.8%	3.1%	n/a
Cash from investing	-51.0	-51.0	n/a	n/a
Cash from financing	-67.6	-107	n/a	n/a
Depreciation and amortisation	40.0	39.3	n/a	n/a
Share-based compensation	10.1	12.7	n/a	n/a
Buybacks	25.5	100	n/a	n/a
Diluted shares, weighted	117m	119m	n/a	n/a
Shares outstanding at period end	116m	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	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Shareholders' equity	1,896	1,814	n/a	n/a
Debt	797	n/a	n/a	n/a
Operating lease liabilities	109	n/a	n/a	n/a
Finance lease liabilities	51.8	n/a	n/a	n/a
Other liabilities	3,134	n/a	n/a	n/a
Total liabilities and equity	5,988	n/a	n/a	n/a
Goodwill	340	n/a	n/a	n/a
Intangible assets	308	n/a	n/a	n/a
Cash and equivalents	423	398	n/a	n/a
Inventory	1,761	n/a	n/a	n/a
Other assets	3,156	n/a	n/a	n/a
Total assets	5,988	n/a	n/a	n/a

Questions

What was Celestica's revenue in Q4 FY2024?

Celestica (CLS) reported revenue of $2.5 billion for Q4 FY2024, the quarter ended 31 December 2024.

How much did Celestica earn in Q4 FY2024?

Net income for Q4 FY2024 was $152 million, and diluted earnings per share $1.29.

When did Celestica report Q4 FY2024 results?

Celestica filed its 10-K for the year that ended with the quarter on 3 March 2025; the fourth quarter is the year less the first three.

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-K for the period ended 31 December 2024, filed 3 March 2025: the filing.