Celestica Inc. announced its FY16 Q4 results with a net sales of $1.6 bn with an operating margin of 3.8%. The quarterly sales were up by 4% over the previous quarter and by 7% as compared to FY15 Q4 numbers. The operating margin was also higher than 3.5% as reported in FY15 Q4.
Overall, the company delivered strong performance in complete fiscal year 2016 with sales amounting to $6.0 bn and an operating margin of 3.7%. This gave an increase of 7% over FY15 sales figure and a slight jump in operating margin of 3.5% in FY16.
The company has given guidance of FY17 Q1 sales in range of $1.4-1.5 bn and expects operating margin to be around 3.5%.
