Welcome to our dedicated page for Celestica news (Ticker: CLS), a resource for investors and traders seeking the latest updates and insights on Celestica stock.
Celestica Inc. (CLS) is a technology-focused company listed on the NYSE and TSX that regularly issues detailed updates on its operations, financial performance and product portfolio. Its news flow reflects its role in enabling critical data center infrastructure for AI, cloud and hybrid cloud, as well as its broader activities in Aerospace and Defense, Communications, Enterprise, HealthTech, Industrial and Capital Equipment markets.
On this page, readers can follow Celestica’s press releases about quarterly and annual financial results, including revenue trends, segment performance for Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS), and the company’s use of non-GAAP measures such as adjusted operating margin and adjusted EPS. These announcements often include guidance and outlook information, along with details on conference calls and Investor and Analyst Day events where management discusses business operations, strategic priorities and growth opportunities.
Celestica’s news also highlights new product introductions in data center networking and storage, such as 1.6TbE data center switches, ultra-dense storage expansion platforms and enterprise storage controllers designed for AI/ML clusters and other data-intensive applications. Additional releases cover capital allocation decisions like normal course issuer bids on the Toronto Stock Exchange, as well as Board and governance developments reported through Form 8-K filings and related press releases.
Investors, analysts and other stakeholders can use this news feed to track Celestica’s progress in AI infrastructure, open networking platforms, enterprise storage and its relationships with customers across multiple industries. Regular updates provide context on how the company positions its ATS and CCS segments, manages its capital structure and communicates its financial and strategic direction.
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.
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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.
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