Celestica Stock Price, News & Analysis

Celestica Inc. (TSX: CLS) announced the appointment of Françoise Colpron to its Board of Directors, effective October 1, 2022. Colpron brings extensive global business and legal experience, particularly in the manufacturing and automotive sectors. Previously, she was Group President, North America at Valeo. Her addition is expected to support Celestica's long-term growth strategy. The company emphasizes its commitment to diversity, achieving a gender diversity target of 30% women on the Board.

Celestica will announce its third-quarter financial results on October 24, 2022, after market close. A conference call to discuss these results is scheduled for October 25, 2022, at 8:00 AM ET. Participants can access the live webcast via the provided link. An archived version will be available two hours post-call. Investors can direct inquiries to Celestica's Investor Relations department.

Celestica (TSX: CLS) has launched new storage solutions including the Athena G2 dual-node NVMe storage platform, Nebula G2 all-flash array, and Titan G2 JBOD at the 2022 Flash Memory Summit in Santa Clara, California. These platforms are designed to meet demanding performance requirements for enterprise workloads, featuring advanced PCIe 4.0 NVMe SSDs and high availability capabilities. The company emphasizes its commitment to providing customized data center infrastructure solutions to lower R&D costs while enhancing performance. Visit booth #746 for firsthand demonstrations.

Celestica Inc. (TSX: CLS) reported strong Q2 2022 results, with revenue hitting $1.72 billion, a 21% increase year-over-year. Adjusted EPS rose to $0.44 from $0.30 in Q2 2021. The company's operating margins improved, with ATS and CCS segments seeing revenue growth of 24% and 19%, respectively. The outlook for 2022 is positive, raising the revenue target to at least $6.7 billion and EPS guidance to between $1.65 and $1.75. Despite challenges from supply chain disruptions, the company anticipates recovery from a recent facility fire.

Celestica is set to announce its second quarter financial results on July 25, 2022, after market close. The conference call for discussing these results is scheduled for July 26, 2022, at 8:00 AM ET. Participants can join the live webcast via a link provided in the announcement. A recorded version will be available shortly after the call, ensuring that stakeholders can access the information at their convenience.

Celestica (NYSE, TSX: CLS) has been recognized as one of Canada's best corporate citizens in 2022 by Corporate Knights, highlighting its commitment to sustainability and responsible business practices. The company's sustainability initiatives are aligned with the United Nations’ Sustainable Development Goals and have received approval from the Science Based Targets initiative for greenhouse gas emissions reduction. Out of 332 companies evaluated, Celestica's inclusion in the top 50 illustrates its leadership in environmental, social, and governance (ESG) performance.

Celestica announced that all nine management nominees were elected as directors at its Annual Meeting of Shareholders on April 28, 2022. The key nominees included Robert A. Cascella, Deepak Chopra, and Michael M. Wilson. Each nominee received substantial support, with Cascella securing 98.54% of votes in favor. This reflects strong shareholder confidence in the management team as Celestica continues to enhance its design and manufacturing capabilities across various sectors including Aerospace and Defense and HealthTech.

Celestica reported Q1 2022 revenue of $1.57 billion, a 27% increase from Q1 2021, driven by strong performance across its segments. The operating margin improved to 4.4%, up from 3.5% a year ago, and adjusted EPS rose to $0.39. The company raised its full-year revenue outlook to at least $6.5 billion, expecting at least 15% growth year-over-year. However, they anticipate ongoing supply chain constraints throughout 2022, which may impact future performance.