Celestica Inc. reports developments in data center infrastructure, advanced technology solutions, and supply chain operations under the CLS ticker on the NYSE and TSX.
Company news commonly covers quarterly and annual results, outlook updates, share repurchases, governance changes, annual meeting matters, and product activity for AI-scale networking. Recent operating themes include Connectivity & Cloud Solutions, Advanced Technology Solutions, DS6000-series 1.6TbE switches, open standards-based Ethernet networking, and collaboration-driven platforms for large-scale AI and machine learning infrastructure.
Celestica Inc. (NYSE: CLS) held a virtual investor meeting on March 24, 2022, discussing its multi-year transformation and growth strategies. Management projected 2022 revenue of over $6.3 billion, with Lifecycle Solutions revenue anticipated to grow by at least 10%. The company aims for a non-IFRS operating margin between 4% and 5%, targeting free cash flow of at least $100 million. Non-IFRS adjusted EPS is projected to be between $1.55 and $1.75, with long-term objectives for continuous annual growth through 2025.
Celestica Inc. (NYSE: CLS) announced a virtual investor meeting on March 24, 2022, from 2:00 pm to 3:30 pm ET. During this session, management will outline their multi-year transformation and discuss strategies for growth, particularly in the Hardware Platform Solutions sector. Participants can join via dial-in numbers or through a webcast, with a recorded version available afterward for 12 months. Celestica is recognized for its customer-focused design and manufacturing solutions across various industries, including aerospace, communications, and HealthTech.
Celestica Inc. (NYSE, TSX: CLS) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC. This report is available on the company's website, SEDAR, and SEC's platform. Shareholders can request a free copy of the Form 20-F via email. Celestica is recognized for its customer-centric approach, providing design, manufacturing, and supply chain solutions across various industries including Aerospace, Defense, and HealthTech.
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Celestica Inc. (NYSE, TSX: CLS) has announced its Annual Shareholders Meeting will take place virtually on April 28, 2022, at 9:30 a.m. EDT, due to ongoing COVID-19 concerns. The record date for shareholders entitled to vote at the meeting is set for March 11, 2022. This year, Celestica will utilize the notice-and-access method for delivering proxy materials, which shareholders can expect to receive by late March. Proxy information will also be available on the company's website and on SEDAR and EDGAR profiles.
Celestica reported strong Q4 results for 2021 with revenue of $1.5 billion, up 9% year-over-year. The company achieved a non-IFRS adjusted EPS of $0.44, the highest in over 20 years, supported by a record operating margin of 4.9%. The ATS segment led growth with a 23% revenue increase. For Q1 2022, guidance estimates revenue between $1.4 billion to $1.55 billion with adjusted EPS projected at $0.31 to $0.37. For the full year, a revenue target of at least $6.3 billion is anticipated, pending supply chain constraints remaining stable.
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Celestica Inc. (NYSE: CLS) announced it will host its fourth quarter 2021 financial results conference call on January 27, 2022, at 8:00 AM EST. Financial results will be released after market close on January 26, 2022.
The event will include a webcast accessible via Celestica's Investor Relations portal. An audio replay will be available post-call.
Celestica focuses on design, manufacturing, and supply chain solutions for sectors including Aerospace, Defense, and HealthTech.
Celestica Inc. (NYSE: CLS) has enhanced its credit facility, increasing its borrowing capacity with favorable terms. The company now has $660.4 million in term loans outstanding, up from $440.4 million as of September 30, 2021. Key amendments include a new term loan of $365 million, an increase in the Revolver commitments from $450 million to $600 million, and an extension of maturity dates. Proceeds from the new term loan were used to repay previous debts, ensuring improved financial flexibility.
Celestica announced its acceptance by the Toronto Stock Exchange to launch a Normal Course Issuer Bid aimed at repurchasing up to 8,987,310 subordinate voting shares from December 6, 2021, to December 5, 2022. This number represents approximately 10% of the company's public float. The repurchase will be funded by cash resources and a credit facility, with shares to be canceled post-purchase. Previously, Celestica repurchased 4,377,739 shares at an average price of US$8.21 under an expired bid.