Celestica: Positives Are Priced In Despite Encouraging Q2 Revenue Growth

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About: Celestica Inc. (CLS)
by: Zen Value Investor
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Zen Value Investor
Deep Value, value, dividend growth investing, CFA
Summary

Celestica delivered decent revenue growth in Q2 after many quarters lacking growth.

Operating profit and the bottom line did not benefit from growth as restructuring and other charges continued.

Celestica is priced fairly at best under the assumption of better margins and significantly higher bottom line in 2019.

Source

Celestica (CLS) finally delivered some revenue growth in Q2 after a very long period. Unfortunately, operating margin and the bottom line did not benefit from this due to continuing restructuring and transition