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. 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 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.
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.