Celestica Stock Price, News & Analysis

On March 15, 2021, Celestica announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission. This report is accessible on the company's website and other regulatory sites. Shareholders can obtain a free copy by contacting the investor relations team. Celestica continues to deliver design, manufacturing, and supply chain solutions across multiple sectors, emphasizing its commitment to innovation and customer partnerships.

Celestica Inc. (NYSE, TSX: CLS) has announced its Annual Meeting of Shareholders will take place virtually on April 29, 2021, at 9:30 a.m. EDT, due to COVID-19 concerns. The record date for shareholders eligible to vote is set for March 12, 2021. Shareholders can expect to receive the proxy statement and related materials by late March. Celestica specializes in design, manufacturing, and supply chain solutions across various sectors, partnering with leading companies to tackle complex challenges.

Celestica reported Q4 2020 revenue of $1.4 billion, down 7% from Q4 2019, but exceeded guidance. Non-IFRS adjusted EPS was $0.26, a 44% increase year-over-year. The ATS segment saw a 12% revenue decline due to COVID-19, despite improved margins, while the CCS segment experienced a 4% decrease, impacted by disengagement from Cisco. The company ended 2020 with strong cash reserves and a $450 million credit line. Looking ahead, Q1 2021 guidance estimates revenue between $1.175 and $1.275 billion, with adjusted EPS expected in the range of $0.18 to $0.24.

Celestica Inc. (NYSE: CLS) held an analyst and investor meeting on December 2, 2020, to discuss its Joint Design and Manufacturing (JDM) business. Over the past decade, Celestica has invested significantly in this area, now employing 500 design engineers and holding over 280 patents. For 2020, JDM revenue is projected to exceed $800 million, an 80% increase from 2019. The company also anticipates challenges in the Connectivity & Cloud Solutions segment due to disengagement with Cisco, while projecting a 10% growth in Advanced Technology Solutions revenue for 2021.

Celestica Inc. (NYSE: CLS) has announced an analyst and investor meeting set for December 2, 2020, at 4:00 PM ET. The meeting will provide insights into the company's Joint Design and Manufacturing business, reaffirm Q4 2020 guidance, and outline near-term expectations. Participants can join via a conference call or watch a webcast available on the company’s website. This meeting is expected to address key elements influencing Celestica's business direction amidst ongoing market challenges.

Celestica Inc. (NYSE: CLS) announced that the Toronto Stock Exchange has accepted its notice for a Normal Course Issuer Bid (the Bid), allowing the repurchase of up to 9,021,320 subordinate voting shares. This represents approximately 10% of the public float. The Bid period starts on November 24, 2020, and ends either on November 23, 2021, or upon completion of purchases. The company plans to finance the repurchase using existing cash resources and credit facilities. The previous bid resulted in the repurchase of 8,260,380 shares at an average price of US$8.15.

Celestica Inc. reported Q3 2020 financial results with revenue of $1.55 billion, up 2% from Q3 2019. The company achieved an IFRS EPS of $0.24, rebounding from a loss of $0.05 per share in the previous year. The Advanced Technology Solutions (ATS) segment revenue decreased 6%, while the Connectivity & Cloud Solutions (CCS) segment saw a 7% increase. Non-IFRS operating margin expanded to 3.9%, and free cash flow was $15.8 million. Q4 guidance estimates revenue between $1.35 billion and $1.45 billion.