Celestica Stock Price, News & Analysis

Celestica (NYSE: CLS) has launched the ES1500, a new enterprise campus switch designed for enhanced performance at the AI-edge. The 1U switch offers up to 48 ports with 2.5GbE per port and optional Power-over-Ethernet capabilities, delivering up to 220 Gbps of switching capacity. This new model provides 2.5X faster port speeds compared to the traditional ES1000 GbE model. Key features include scalable 8/24/48-port configurations, cost-effective 1U form factor, redundant security features, 90W PoE++ support for connected devices, and a fanless 8-port design for IoT/OT applications with extended temperature range support. The ES1500 is specifically engineered to meet the growing demands of modern IT infrastructure in campus, retail, IoT, and enterprise access environments.

Celestica (NYSE, TSX: CLS) announced the results of its Annual and Special Meeting of Shareholders, where eight directors were successfully elected to the company's board. All management nominees received strong shareholder approval, with voting percentages ranging from 92.51% to 99.88%. Notable directors elected include Amar Maletira with 99.57% approval and Robert A. Mionis with 99.88% approval. Additionally, shareholders approved both the 2025 Long Term Incentive Plan and the adoption of By-Law 2 regarding advance notice requirements.

Celestica (NYSE: CLS) reported strong Q1 2025 financial results, with revenue reaching $2.65 billion, a 20% increase from Q1 2024. The company achieved an adjusted EPS of $1.20, surpassing guidance, and recorded its highest-ever adjusted operating margin of 7.1%.

Key segment performance includes CCS revenue of $1.84 billion (28% increase) with 8.0% margin, and ATS revenue of $0.81 billion (5% increase) with 5.0% margin. Hardware Platform Solutions revenue notably increased 99% to approximately $1 billion.

Based on strengthening demand outlook, Celestica has raised its 2025 annual guidance: revenue expectation increased to $10.85 billion from $10.7 billion, and adjusted EPS outlook raised to $5.00 from $4.75. The company repurchased 0.6 million shares for $75.0 million in Q1 2025.

Celestica (NYSE: CLS) has announced it will release its Q1 2025 financial results after market close on Thursday, April 24, 2025. The company will host a conference call to discuss the results on Friday, April 25, 2025, at 8:00am ET.

Interested participants can join the live webcast through the company's website. For those unable to attend, a recorded version will be made available approximately two hours after the call's completion on www.celestica.com.

Celestica (NYSE: CLS) has announced its 2025 Annual and Special Meeting of Shareholders, scheduled for Tuesday, June 17, 2025, at 9:30 a.m. EDT in a hybrid format. The company has set April 22, 2025, as the record date for determining eligible voting shareholders.

The company will utilize the notice-and-access method for delivering proxy materials, which will be available on Celestica's website and through SEDAR+ and EDGAR platforms. The meeting platform will enable shareholders to participate live, ask questions, and vote.

Additionally, Celestica's Board has adopted By-Law No. 2, effective January 29, 2025, establishing advance notice requirements for director nominations. This by-law requires shareholder confirmation at the upcoming meeting and provides a framework for the director nomination process, including submission deadlines and required information for nominees.

Celestica (NYSE: CLS) reported strong Q4 2024 financial results with revenue reaching $2.55 billion, a 19% increase year-over-year. The company achieved record-breaking quarterly adjusted EPS of $1.11, up from $0.77 in Q4 2023, exceeding guidance expectations.

Key Q4 2024 metrics include GAAP earnings from operations at 8.0% of revenue (up from 5.1% in Q4 2023) and adjusted operating margin of 6.8% (up from 6.0%). The company repurchased 0.3 million shares for $25.5 million during the quarter.

For 2025, Celestica has raised its outlook, projecting revenue of $10.7 billion (up from previous $10.4 billion) and adjusted EPS of $4.75 (increased from $4.42). The company cites strong demand in data center hardware and recent AI program wins, including two new 1.6T programs, as drivers for continued growth into 2026.

Celestica (NYSE, TSX: CLS), a leader in design, manufacturing, hardware platform, and supply chain solutions, has been named one of Canada’s Top Employers for Young People for 2025 by Mediacorp Canada Inc. This is the second consecutive year Celestica has received this distinction, highlighting the company’s commitment to nurturing young talent.

Rob Mionis, President and CEO of Celestica, expressed pride in the recognition, emphasizing the company’s dedication to empowering young professionals with meaningful opportunities to contribute, innovate, and grow. Leila Wong, Chief Human Resources Officer, credited strong leadership practices and impactful programs for attracting and retaining emerging talent.

Now in its 23rd year, Mediacorp Canada Inc.’s national program annually recognizes employers that offer the best workplaces and programs for young people starting their careers. Celestica was chosen based on the strength of its initiatives, including benefits, internships, mentorship, training, and career management programs.

Celestica (CLS) has announced it will release its Q4 2024 financial results after market close on Wednesday, January 29, 2025. The company will host a conference call to discuss these results on Thursday, January 30, 2025, at 8:00am ET. A live webcast will be available for participants, and a recorded version will be accessible approximately two hours after the call's completion on Celestica's website.

Celestica (TSX: CLS) (NYSE: CLS) has appointed Amar Maletira to its Board of Directors, effective January 1, 2025. Maletira, currently CEO of Rackspace Technology, brings over 25 years of experience in enterprise technology industries, having held senior executive positions at companies including Rackspace Technology, VIAVI Solutions, Hewlett-Packard, Siemens, and HCL-Picker.

Maletira's achievements include being named CFO of the Year by Silicon Valley Business Journal in 2016 and ranking #1 CFO in TMT Mid-Cap by Institutional Investor Magazine in 2019. He holds a BS in Electronics and Communication Engineering from Karnataka University and an MBA from the University of Michigan's Ross School of Business. With this appointment, Celestica's board will comprise 9 members.