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 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.
Celestica announced that its first quarter financial results will be disclosed on April 27, 2022, after market close, followed by a conference call on April 28, 2022, at 8:00 AM ET. Participants can join the live webcast through the provided link or access a recorded version later. This event will provide insights into the company's performance, potential earnings, and future guidance, marking an important date for investors tracking stock symbol CLS.
Celestica Inc. (NYSE: CLS) held a virtual investor meeting on March 24, 2022, discussing its multi-year transformation and growth strategies. Management projected 2022 revenue of over $6.3 billion, with Lifecycle Solutions revenue anticipated to grow by at least 10%. The company aims for a non-IFRS operating margin between 4% and 5%, targeting free cash flow of at least $100 million. Non-IFRS adjusted EPS is projected to be between $1.55 and $1.75, with long-term objectives for continuous annual growth through 2025.
Celestica Inc. (NYSE: CLS) announced a virtual investor meeting on March 24, 2022, from 2:00 pm to 3:30 pm ET. During this session, management will outline their multi-year transformation and discuss strategies for growth, particularly in the Hardware Platform Solutions sector. Participants can join via dial-in numbers or through a webcast, with a recorded version available afterward for 12 months. Celestica is recognized for its customer-focused design and manufacturing solutions across various industries, including aerospace, communications, and HealthTech.
Celestica Inc. (NYSE, TSX: CLS) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC. This report is available on the company's website, SEDAR, and SEC's platform. Shareholders can request a free copy of the Form 20-F via email. Celestica is recognized for its customer-centric approach, providing design, manufacturing, and supply chain solutions across various industries including Aerospace, Defense, and HealthTech.
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Celestica Inc. (NYSE, TSX: CLS) has announced its Annual Shareholders Meeting will take place virtually on April 28, 2022, at 9:30 a.m. EDT, due to ongoing COVID-19 concerns. The record date for shareholders entitled to vote at the meeting is set for March 11, 2022. This year, Celestica will utilize the notice-and-access method for delivering proxy materials, which shareholders can expect to receive by late March. Proxy information will also be available on the company's website and on SEDAR and EDGAR profiles.