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 has been ranked 5th among Canada’s best corporate citizens in 2021 by Corporate Knights, which recognizes sustainability performance. The ranking evaluates 271 Canadian companies based on 24 key performance indicators in environmental, social, and governance (ESG) areas. Celestica's sustainability efforts align with the United Nations' Sustainable Development Goals and have received approval from the Science Based Targets initiative for greenhouse gas emissions reduction goals. The company aims to leverage its resources to support customer sustainability initiatives.
Celestica (NYSE: CLS) hosted a virtual investor roundtable on June 3, 2021, providing updates on its Capital Equipment business. The company expects revenues to exceed $700 million in 2021, reflecting over 30% growth from 2020, with margins anticipated at the high end of its target range. Analysts predict the Wafer Fabrication Equipment (WFE) market will reach $86 billion by 2024 with a 9% CAGR. Additionally, Celestica is exploring adjacent markets including robotics and automated systems, aiming to diversify its offerings.
Celestica Inc. (NYSE: CLS) will hold an analyst and investor meeting on June 3 at 4:00 PM ET, focusing on its Capital Equipment business. The company reaffirmed its guidance for Q2 2021, which was originally issued on April 28, 2021. Participants can join in listen-only mode via telephone or watch a webcast. A recorded version will be available for 12 months post-meeting. Celestica specializes in design, manufacturing, and supply chain solutions across various industries, emphasizing a customer-centric approach.
Celestica Inc. (CLS) reported Q1 2021 financial results, showing revenue of $1.23 billion, a 6% decrease from Q1 2020. However, non-IFRS adjusted EPS increased to $0.22, up from $0.16 year-over-year. The ATS segment revenue fell by 3%, while the CCS segment revenue decreased by 9%, largely due to disengagement from Cisco programs. Despite challenges from COVID-19, the company reduced debt, generated $20.9 million in free cash flow, and repurchased $5.3 million in shares. Guidance for Q2 2021 anticipates revenue of $1.325 to $1.425 billion.
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.