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 (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.
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.