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 (TSX: CLS) reported strong Q3 2022 results, with revenues of $1.92 billion, up 31% from Q3 2021. Non-IFRS adjusted EPS reached $0.52, a 49% increase year-over-year. The company reported record non-IFRS operating margins at 5.1% and raised its 2022 revenue guidance to between $7.08 billion and $7.23 billion, projecting 27% growth. For 2023, revenues are expected to exceed $7.5 billion, with adjusted EPS guidance of $1.95 to $2.05. While strong demand drives growth, supply chain constraints remain a risk.
Celestica has launched the DS1000, a high-performance Gigabit Ethernet Layer 3 switch, at the 2022 OCP Global Summit. This compact and cost-effective switch features 48 RJ45 ports and 8 SFP+ ports, optimized for various use cases including data center and enterprise applications. Celestica is contributing the DS1000's design to the open-source community, enhancing its commitment to innovation in open networking. The company continues to be a key player in driving advancements in hardware solutions, collaborating with industry leaders to support open-source initiatives.
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.
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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.