Celestica, Inc.

Filing receipts

“A reconciliation of non-GAAP free cash flow to cash provided by operating activities measured under GAAP is set forth below (in millions): Three months ended March 31 2026 2025 GAAP cash provided by operations $ 356.3 $ 130.3 Purchase of property, plant and equipment, net of sales proceeds (218.4) (36.7) Non-GAAP free cash flow $ 137.9 $ 93.6 Our non-GAAP free cash flow of $137.9 million for Q1 2026 increased $44.3 million compared to Q1 2025, primarily due to $226.0 million in higher cash generated from operations (as described above), partially offset by $181.7 million in higher purchases of property, plant and equipment (see " cash used in investing activities " below), net of sales proc...”

“Gross profit: The following table shows gross profit and gross margin (gross profit as a percentage of total revenue) for the periods indicated: Three months ended March 31 2026 2025 Gross profit (in millions) $ 437.2 $ 273.9 Gross margin 10.8 % 10.3 % Gross profit increased by 60% or $163.3 million to $437.2 million in Q1 2026 compared to Q1 2025, primarily driven by our strong revenue growth.”

“Gross profit for Q1 2026 increased sequentially by $4.1 million (1%), primarily driven by the higher revenue in Q1 2026, largely offset by the unfavorable changes in TRS FVAs recorded in cost of sales ($7.5 million loss in Q1 2026 compared to $27.7 million gain in Q4 2025) driven by the fluctuation in our Common Share price.”