Shares of Celestica Inc. (NYSE: CLS) surged 8.45% in the after-hours trading session on Wednesday, January 29, 2025, following the company's strong fourth-quarter 2024 results and raised outlook for 2025.

In its Q4 2024 earnings release, the electronics manufacturing services company reported revenue of $2.55 billion, up 19% year-over-year, and adjusted earnings per share (EPS) of $1.11, the highest quarterly EPS in the company's history. Both figures exceeded analysts' expectations.

The strong performance was driven by robust demand in Celestica's Connectivity & Cloud Solutions (CCS) segment, which saw a 30% year-over-year increase in revenue to $1.74 billion. The company's Hardware Platform Solutions (HPS) revenue within the CCS segment grew an impressive 65% compared to Q4 2023, driven by increased demand for data center hardware and new AI program awards.

Buoyed by the strong Q4 results and continued momentum in the CCS segment, Celestica raised its full-year 2025 outlook. The company now expects revenue of $10.7 billion, up from its previous outlook of $10.4 billion, and adjusted EPS of $4.75, up from the previous guidance of $4.42.

Celestica also announced two new significant program wins, including a second 1.6 Terabyte switching program with a large hyperscaler customer and a full rack AI-optimized system solution for a leading digital native company. These new programs are expected to leverage Celestica's advanced technologies and contribute to future growth.

The company's president and CEO, Rob Mionis, expressed confidence in the positive momentum, stating, "We believe the positive momentum we are experiencing will continue beyond this year, and into 2026."