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 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.
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