Why did CLS's earnings growth slow in Q4 2024?

Celestica Inc. (NYSE:CLS) experienced a slowdown in earnings growth in Q4 2024 due to several factors:

1. **Industrial Business Softness**: The Advanced Technology Solutions (ATS) segment saw a 5% year-over-year revenue decline, primarily due to softness in the industrial business. This indicates a specific area of weakness within the company's operations during the quarter.
2. **Enterprise End Market Transition**: Celestica's enterprise end market is expected to see a low double-digit percentage revenue decrease due to a technology transition. This suggests that the company may be facing challenges from changes in the technology landscape within its key market segments.
3. **Potential Pricing Pressures**: The company faces potential pricing pressures in the server business due to strong North American competitors and ODMs. These competitive pressures could impact profit margins and overall financial performance.

In summary, the slowdown in earnings growth for Celestica in Q4 2024 is likely a result of a combination of factors including industrial business softness, enterprise end market transition and potential pricing pressures.