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Celestica's (TSX: CLS) Q1FY24 revenue surges 20.2%, net income soars 311.7%
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Highlights
Celestica Inc (TSX: CLS) excels in high-reliability design, manufacturing, and supply chain solutions, offering global expertise throughout product development. The company operates in two segments:
In the first quarter of FY2024, Celestica’s revenue increased to US$ 2,208.9 million compared to US$ 1,837.8 million in the previous corresponding period (pcp), demonstrating a year-on-year increment of 20.2%. The company’s net income also surged by 311.7% in the same period. Moreover, the company’s adjusted free cash flow also increased to US$ 65.2 million in Q1 2024, against US$ 9.2mn in pcp.
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