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 Inc. (TSX: CLS) announced its Q1 2023 financial results, reporting revenue of $1.84 billion, a 17% increase from Q1 2022. The non-IFRS adjusted EPS was $0.47, up from $0.39 a year earlier. The company raised its 2023 revenue outlook to at least $7.6 billion and tightened its non-IFRS operating margin and adjusted EPS guidance. Key revenue growth was seen in both the Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS) segments, with ATS revenue up 14% and CCS revenue rising 20%. Despite a positive start to the year, the company acknowledged potential risks from supply chain constraints impacting its financial outlook.
Celestica (NYSE:CLS) is set to unveil its new design specification for an Enterprise Edge Gateway at the OCP Regional Summit in Prague on April 20, 2023. This open design will be submitted for OCP approval in May 2023 and aligns with AWS's Enterprise Edge Gateway base specification. The device features a Broadcom Trident-3 chipset and an 8-core Intel CPU, optimized for various applications including retail, manufacturing, video surveillance, IoT, and SD-WAN migration. With its compact 1U footprint, it offers extensive connectivity options including 48 multi-gig RJ45 ports and 4 SFP28 ports. Celestica aims to achieve OCP Inspired™ recognition for this innovative product, reinforcing its commitment to enhancing open networking solutions.
Celestica (TSX: CLS) will announce its first-quarter financial results and host a conference call on April 27, 2023, at 8:00am ET. The financial results are set for release after market close on April 26, 2023. Participants can join the live webcast through the provided link. A recorded version will be available approximately two hours post-call. This event is critical for investors looking to assess Celestica's financial performance and outlook.
Celestica Inc. (NYSE: CLS) announced Onex’s intention to convert its multiple voting shares (MVS) into subordinate voting shares (SVS) on a one-for-one basis within approximately six months. This transition marks a simplification of Celestica's voting structure, viewed as a natural progression in its evolution. In 2022, Celestica achieved its highest annual non-IFRS operating margin and adjusted EPS in its history. Furthermore, the company plans to file a Canadian base shelf prospectus. The conversion remains contingent, with no guarantee from Onex regarding the actual execution of this plan.
Celestica Inc. (NYSE, TSX: CLS) filed its annual report on Form 20-F for the year ended December 31, 2022, with the United States Securities and Exchange Commission. This report can be accessed via the company's website and on regulatory platforms like SEDAR and SEC. Shareholders are eligible to receive copies free of charge by contacting clsir@celestica.com. Celestica specializes in design, manufacturing, and supply chain solutions across various industries, emphasizing a customer-centric approach.
Celestica Inc. (NYSE, TSX: CLS) has announced its Annual Shareholder Meeting will occur on April 27, 2023, at 9:30 a.m. EDT in a virtual format. The record date for determining eligible shareholders is set for March 10, 2023. Celestica plans to utilize a notice-and-access approach for distributing the proxy statement, with documents expected to reach shareholders in late March. The proxy statement will also be accessible on Celestica's website and regulatory platforms like SEDAR and EDGAR. The virtual meeting will allow participants to listen live, submit questions, and vote.
Celestica Inc. reported strong Q4 2022 results, exceeding guidance with a revenue of $2.04 billion, a 35% increase from Q4 2021. The company achieved a non-IFRS adjusted EPS of $0.56, reflecting 46% year-over-year growth. For the full year, revenue reached $7.25 billion, up 29%, with the highest annual non-IFRS operating margin and adjusted EPS in company history. Looking ahead, Celestica expects Q1 2023 revenue between $1.725 and $1.875 billion and reaffirms a 2023 revenue outlook of at least $7.5 billion, targeting a non-IFRS adjusted EPS of $1.95 to $2.05.
Celestica will announce its third quarter financial results on January 25, 2023, after market close. A conference call to discuss these results is scheduled for January 26, 2023, at 8:00 AM ET. Investors and interested parties can join the live webcast through the provided link, with a recorded version available shortly after the call's conclusion. The press release highlights the importance of this financial update for stakeholders.
Celestica has announced a Normal Course Issuer Bid (Bid), allowing the purchase of up to 8,776,134 subordinate voting shares, representing 8.5% of outstanding shares, starting December 13, 2022. The Bid will run until December 12, 2023, or until shares are repurchased. Daily purchases are capped at 44,549 shares based on average trading volume. Funding will come from existing cash and credit facilities, with repurchased shares canceled. The company believes the buyback is beneficial for its shareholders.
Celestica Inc. (TSX: CLS) has announced the appointment of Jill Kale to its Board of Directors, effective December 1, 2022. Kale brings extensive experience from her previous roles, including Sector President at Cobham Advanced Electronic Solutions. Her background in the aerospace and defense sector is seen as valuable for driving the company's performance. This strategic addition aims to strengthen leadership as Celestica continues to deliver innovative solutions across various industries, including Aerospace, Defense, HealthTech, and more.