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FOR IMMEDIATE RELEASE ( All amounts in U.S. dollars . Per share information based on diluted shares outstanding unless otherwise noted . ) July 26 , 2021 CELESTICA ANNOUNCES SECOND QUARTER 2021 FINANCIAL RESULTS TORONTO , Canada - Celestica Inc. ( TSX : CLS ) ( NYSE : CLS ) , a leader in design , manufacturing and supply chain solutions for the world's most innovative companies , today announced financial results for the quarter ended June 30 , 2021 ( Q2 2021 ) * . " Celestica's solid second quarter results underscore the successful execution of our strategy to reshape our portfolio and build a resilient , diversified business with a strong foundation for growth . Primarily driven by higher Hardware Platform Solutions ( HPS ) concentration and strong performance from our Capital Equipment business , we achieved Q2 2021 revenue , non - IFRS adjusted EPS * and non - IFRS operating margin * at , or significantly exceeding , the high end of our Q2 2021 guidance ranges . This represents our sixth straight quarter of year - to - year non - IFRS operating margin * improvement as we continue to shift our business mix towards our higher - margin , higher growth Lifecycle Solutions portfolio , ” said Rob Mionis , President and CEO , Celestica . " As we look towards the third quarter , our non - IFRS operating margin * guidance is 4.0 % ( representing the mid - point of our third quarter revenue and non - IFRS adjusted EPS * guidance ranges ) . If achieved , this would represent the highest non - IFRS operating margin * performance for the company in twenty years . Furthermore , we currently expect our fourth quarter non - IFRS operating margin * performance to be at similar , or better , levels . " " I am proud of our global teams ' ability to continue to operate with agility to successfully navigate industry headwinds and deliver innovative solutions intended to enable our customers to achieve their objectives . I am confident that as we ramp new programs , we are well - positioned to build on our momentum and deliver profitable growth in the second half of 2021. " Q2 2021 Highlights . • • Revenue : $ 1.42 billion , decreased 5 % compared to $ 1.49 billion for the second quarter of 2020 ( Q2 2020 ) ; Revenue of our non - Cisco business ** increased 6 % compared to Q2 2020 . Operating margin ( non - IFRS ) * : 3.9 % , compared to 3.4 % for Q2 2020 . ATS segment revenue : increased 12 % compared to Q2 2020 ; ATS segment margin was 4.1 % , compared to 3.1 % for Q2 2020 . CCS segment revenue : decreased 14 % compared to Q2 2020 ; CCS segment margin was 3.7 % , compared to 3.6 % for Q2 2020 ; Non - Cisco CCS revenue *** increased 2 % compared to Q2 2020 . Lifecycle Solutions portfolio revenue ( combined ATS segment and HPS revenue ) : increased 13 % compared to Q2 2020 , and represented 61 % of total revenue , compared to 52 % of total revenue for Q2 2020 . . IFRS earnings per share ( EPS ) : $ 0.21 , compared to $ 0.10 per share for Q2 2020 . • Adjusted EPS ( non - IFRS ) * : $ 0.30 , compared to $ 0.25 for Q2 2020 . • Adjusted return on invested capital ( non - IFRS ) * : 13.7 % , compared to 12.9 % for Q2 2020 . • Free cash flow ( non - IFRS ) * : $ 31.2 million , compared to $ 37.9 million for Q2 2020 . • Undrawn $ 450 million revolver ** and $ 467 million in cash / cash equivalents . • Repurchased and cancelled 1.6 million subordinate voting shares for $ 13.4 million under our normal course issuer bid . t Celestica has two operating and reportable segments - Advanced Technology Solutions ( ATS ) and Connectivity & Cloud Solutions ( CCS ) . Our ATS segment consists of our ATS end market , and is comprised of our Aerospace and Defense ( A & D ) , Industrial , Energy , Health Tech and Capital Equipment ( semiconductor ,