Yep. Instead of Format-Table, you would use Select-Object, and then pipe the results to Export-Csv instead of Out-File. That would allow you to use Import-Csv on the file later (or to open it with Excel.)
In this example, I've split the command into multiple lines to make it a bit easier to read:
$properties = 'FullName','CompanyName','JobTitle','FileAs','Email1Address','WebPage','IMAddress','BusinessTelephoneNumber','BusinessFaxNumber' $Contacts | Select-Object -Property $properties | Export-Csv -NoTypeInformation -Path \\x.x.x.x.\backupemail\users\$strname\contacts\contacts.csv