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 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.
Celestica (NYSE: CLS) reported strong Q2 2024 financial results, exceeding guidance. Revenue increased 23% year-over-year to $2.39 billion, while non-IFRS adjusted EPS rose 65% to $0.91. The company's CCS segment saw a 51% revenue increase, offsetting an 11% decrease in ATS segment revenue. Non-IFRS operating margin improved to 6.3% from 5.5% in Q2 2023.
Based on strong performance, Celestica raised its full-year 2024 outlook, projecting revenue of $9.45 billion (up 19% from 2023) and non-IFRS adjusted EPS of $3.62 (up 49% from 2023). For Q3 2024, the company expects revenue between $2.325 billion and $2.475 billion, with non-IFRS adjusted EPS of $0.86 to $0.96.
Celestica (TSX: CLS, NYSE: CLS) will announce its Q2 2024 financial results after market close on Wednesday, July 24, 2024. A conference call will follow on Thursday, July 25, 2024, at 8:00 a.m. ET. Interested parties can join the live webcast through the provided link. A recorded version will be accessible approximately two hours after the event on Celestica's website. For more details, contact Celestica Investor Relations.
Celestica has amended and increased its senior secured credit agreement, raising the total facility size to $1.5 billion. The amendment includes upsizing the revolving loan facility to $750 million and introducing new Term A and Term B loans totaling $750 million. The maturity dates for these loans extend to June 2029 and June 2031, respectively. The new loans will bear interest at varying rates based on the company's net leverage ratio. A portion of the proceeds will repay existing loans, with remaining funds available for corporate activities. Bank of America acted as the administrative agent, with several other financial institutions participating as joint lead arrangers and bookrunners.
On May 15, 2024, Celestica (TSX: CLS) (NYSE: CLS) unveiled four new networking switches designed to meet modern business demands. These switches—ES1000, ES1010, ES1050, and EG1050—offer 1GbE and 2.5GbE options, with up to 48 ports, secure access, and advanced features including concurrent Wi-Fi and 5G/LTE support. Each switch supports SONiC and adheres to the Open Compute Project (OCP) standards, emphasizing scalability, efficiency, and sustainability. The new switches come in a compact 1U form factor with redundant, field-replaceable components for high reliability. Celestica will showcase these at the ONUG Spring Summit on May 15-16.
Aviz Networks and Celestica Inc. have announced a partnership to enhance SONiC networking solutions. The collaboration aims to provide advanced networking solutions for SONiC and GenAI, offering customers unprecedented control and flexibility at the fabric level. Celestica's expertise in compute and connectivity solutions combined with Aviz Networks' innovative software stack will streamline SONiC-based network deployments.