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. 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 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.
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