Celestica Inc. (CLS, CLS.TO) reaffirmed the company's fourth quarter revenue and non-IFRS adjusted earnings per share financial guidance. The company updated its near-term expectations.
Celestica expects 2020 JDM revenue to exceed $800 million, up over 80% compared to 2019. JDM revenue is projected to continue to grow in 2021, albeit at a lower rate.
Celestica said the company is on track to generate at least $100 million of non-IFRS free cash flow in 2020; also anticipating to achieve this goal in 2021.
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