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 (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.
Celestica (NYSE: CLS) announced the early termination of its existing share repurchase program and the TSX's acceptance of a new Normal Course Issuer Bid (NCIB). Under the existing program, the company repurchased 2,923,323 shares at an average price of US$43.28. The new NCIB, running from November 1, 2024, to October 31, 2025, allows for the repurchase of up to 8,609,693 common shares, representing 10% of the public float less previously purchased shares. Daily purchases will be to 160,924 shares, based on the average daily trading volume. The program will be funded through existing cash and credit facilities.
Celestica (NYSE: CLS) reported strong Q3 2024 financial results with revenue of $2.50 billion, up 22% year-over-year. The company's non-IFRS adjusted EPS increased 60% to $1.04. The CCS segment showed remarkable growth with revenue up 42% and improved margins of 7.6%. The company raised its 2024 outlook, projecting revenue of $9.60 billion and non-IFRS adjusted EPS of $3.85. For 2025, Celestica expects revenue of $10.40 billion with non-IFRS operating margin of 6.7% and adjusted EPS of $4.42.
Celestica Inc. (TSX: CLS) (NYSE: CLS) has launched the DS4100, a new 1U 800G per port top-of-rack, leaf/spine switch designed for AI/ML data center networking. Key features include:
- 16x 800G OSFP ports
- 12.8Tbps non-blocking switching capacity
- Field-replaceable fans and redundant hot-swappable power supplies
- Flexible I/O configurations supporting 112G SerDes-based NICs
- x86-based CPU for high performance
The DS4100 is optimized for AI/ML, big data analytics, hyperscale data centers, cloud computing, HPC, and network backbone applications. It supports SONiC as a production-hardened Network Operating System and incorporates the Open Network Install Environment (ONIE) installer.
Celestica (CLS) has announced its upcoming Q3 2024 financial results conference call and virtual investor meeting, scheduled for Wednesday, October 23, 2024. The conference call will begin at 5:00pm ET, with financial results to be released after market close on the same day. During the investor meeting, Celestica's management will provide an overview of the business, growth opportunities, and financial outlook.
Participants can join the live webcast through a provided link. For those unable to attend, a recorded webcast will be available approximately two hours after the call's completion on www.celestica.com. Interested parties can contact Celestica Investor Relations at clsir@celestica.com for more information.
Celestica has been honored with a 2024 Supplier Excellence Award from Lam Research, a global provider of innovative wafer fabrication equipment and services to the semiconductor industry. Celestica's Johor, Malaysia operation was recognized for excellence in Operational Execution, demonstrating proactive and adaptable delivery, strategic inventory solutions, localized manufacturing, and outstanding customer support.
The award was presented during Lam's annual Supplier Day event on September 19, 2024. Celestica was one of nine companies selected from Lam's ecosystem of thousands of suppliers worldwide for exemplifying high standards in scalability, agility, quality, and environmentally sustainable and socially responsible business practices.
This recognition highlights Celestica's commitment to continuous improvement and innovation in the semiconductor industry, particularly as the ecosystem scales for the AI era and progresses towards net zero goals.
Celestica Inc. (TSX: CLS) (NYSE: CLS) has announced the availability of its SC6100, a next-generation 2U rackmount all-flash storage controller. This advanced solution is designed to deliver increased performance and high availability for demanding enterprise application workloads. Key features include:
- Powered by two AMD EPYC Embedded 9004 series processors
- Support for up to 24 dual-port U.2 PCIe Gen 5 solid state drives
- Flexible I/O options, including 400GbE SmartNICs
- Redundant architecture with battery backup and hot-swappable components
The SC6100 is optimized for various use cases, including file shares, databases, virtual desktops, and high-frequency trading. Celestica is showcasing this solution at the FMS: Future of Memory and Storage conference in Santa Clara, California, from August 6-8, 2024.