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FOR IMMEDIATE RELEASE ( All amounts in U.S. dollars . Per share information based on diluted shares outstanding unless otherwise noted . ) October 25 , 2021 CELESTICA ANNOUNCES THIRD 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 September 30 , 2021 ( Q3 2021 ) * . " Celestica's strong third quarter performance reflects our consistent execution and the resiliency of our business , as we continue to successfully navigate challenges related to the pandemic and the global supply chain . Our non - IFRS operating margin * of 4.2 % marks our seventh consecutive quarter of year - to - year improvement , and represents the highest operating margin in Celestica's history as a publicly - traded company , ” said Rob Mionis , President and CEO , Celestica . " Our performance in recent quarters serves as a validation of our long - term strategy and transformation actions in the face of a challenging and constantly evolving business environment . " " The fourth quarter of 2021 serves as an important inflection point in our business , as our focus now turns squarely to growth and maintaining the momentum we've built in recent quarters . We remain on track to complete our acquisition of PCI in November . Achievement of our revenue guidance for the fourth quarter of 2021 will represent a return to top - line growth , and achievement of our non - IFRS operating margin * mid - point guidance of 4.5 % will set a new high - water mark for our business . As we approach the final months of 2021 , we believe we are well positioned to continue building on our success , and we reaffirm our strong outlook for 2022. " • Q3 2021 Highlights Revenue : $ 1.47 billion , decreased 5 % compared to $ 1.55 billion for the third quarter of 2020 ( Q3 2020 ) ; Revenue of our non - Cisco business ** increased 6 % compared to Q3 2020 . . Operating margin ( non - IFRS ) * : 4.2 % , compared to 3.9 % for Q3 2020 . • • • ATS segment revenue : increased 12 % compared to Q3 2020 ; ATS segment margin was 4.3 % , compared to 3.7 % for Q3 2020 . CCS segment revenue : decreased 14 % compared to Q3 2020 ; CCS segment margin was 4.1 % , compared to 4.0 % for Q3 2020 ; Non - Cisco CCS revenue *** increased 2 % compared to Q3 2020 . Lifecycle Solutions portfolio revenue ( combined ATS segment and HPS revenue ) : increased 15 % compared to Q3 2020 , and represented 60 % of total revenue , compared to 50 % of total revenue for Q3 2020 . IFRS earnings per share ( EPS ) : $ 0.28 , compared to $ 0.24 per share for Q3 2020 . • Adjusted EPS ( non - IFRS ) * : $ 0.35 , compared to $ 0.32 for Q3 2020 . • Adjusted return on invested capital ( non - IFRS ) * : 15.2 % , flat compared to Q3 2020 . • • Free cash flow ( non - IFRS ) * : $ 27.1 million , compared to $ 15.8 million for Q3 2020 . Repurchased and cancelled 2.1 million subordinate voting shares for $ 17.2 million under our normal course issuer bid ( NCIB ) .