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.
Overview of Celestica Inc.
Celestica Inc. (NYSE: CLS, TSX: CLS) is a globally recognized provider of end-to-end product lifecycle solutions, catering to some of the most innovative companies across diverse industries. With a commitment to delivering informed, flexible, and scalable solutions, Celestica empowers its customers to succeed in dynamic and competitive markets. The company operates through two primary segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS), each addressing specific market needs with tailored expertise and capabilities.
Business Segments and Core Operations
Advanced Technology Solutions (ATS): The ATS segment serves industries requiring high-precision and mission-critical solutions, including Aerospace and Defense, Industrial, HealthTech, and Capital Equipment. Within the Capital Equipment business, Celestica supports semiconductor, display, and robotics equipment markets, showcasing its ability to meet the demands of highly specialized sectors.
Connectivity & Cloud Solutions (CCS): The CCS segment focuses on Communications and Enterprise markets, providing essential hardware and supply chain solutions for servers, storage, and networking equipment. This segment represents a significant portion of Celestica's revenue, reflecting its strong position in the connectivity and cloud infrastructure space.
Value Proposition and Market Differentiation
Celestica's value proposition lies in its ability to offer comprehensive solutions that span the entire product lifecycle—from initial design and prototyping to full-scale production and after-market services. The company's global operations network and advanced IT platform enable it to deliver agile and adaptive solutions, ensuring that customers can respond effectively to evolving market demands. By leveraging its deep expertise, Celestica helps its partners overcome complex challenges, drive innovation, and achieve operational excellence.
Industry Context and Competitive Landscape
Operating at the intersection of technology, manufacturing, and supply chain management, Celestica is part of a highly competitive industry characterized by rapid technological advancements and evolving customer requirements. Its primary competitors include other global providers of design and manufacturing services, as well as niche players specializing in specific market segments. Celestica differentiates itself through its customer-centric approach, technical innovation, and ability to deliver tailored solutions across multiple industries.
Commitment to Innovation and Sustainability
Innovation is a cornerstone of Celestica's strategy. The company continuously invests in advanced technologies and solutions to help customers navigate the complexities of modern markets. For example, its portfolio of networking switches, including products supporting Software for Open Networking in the Cloud (SONiC), exemplifies its commitment to engineering excellence and adaptability. Additionally, Celestica adheres to sustainability principles, aligning its operations with environmental and social goals to create long-term value for stakeholders.
Global Reach and Expertise
With a presence across North America, Europe, and Asia, Celestica combines global expertise with local insights to serve a diverse customer base. Its talented teams bring a wealth of experience and creativity, enabling the company to deliver solutions that address both traditional and emerging market needs. This global footprint ensures that Celestica remains a trusted partner for companies seeking reliable and innovative solutions.
Conclusion
Celestica Inc. stands out as a vital enabler of innovation and operational efficiency for its customers. Through its diversified portfolio, global operations, and commitment to excellence, the company continues to play a pivotal role in shaping the future of technology and supply chain solutions. By addressing complex challenges with agility and expertise, Celestica reinforces its position as a trusted partner for leading brands worldwide.
Celestica (NYSE: CLS) has announced its 2025 Annual and Special Meeting of Shareholders, scheduled for Tuesday, June 17, 2025, at 9:30 a.m. EDT in a hybrid format. The company has set April 22, 2025, as the record date for determining eligible voting shareholders.
The company will utilize the notice-and-access method for delivering proxy materials, which will be available on Celestica's website and through SEDAR+ and EDGAR platforms. The meeting platform will enable shareholders to participate live, ask questions, and vote.
Additionally, Celestica's Board has adopted By-Law No. 2, effective January 29, 2025, establishing advance notice requirements for director nominations. This by-law requires shareholder confirmation at the upcoming meeting and provides a framework for the director nomination process, including submission deadlines and required information for nominees.
Celestica (NYSE: CLS) reported strong Q4 2024 financial results with revenue reaching $2.55 billion, a 19% increase year-over-year. The company achieved record-breaking quarterly adjusted EPS of $1.11, up from $0.77 in Q4 2023, exceeding guidance expectations.
Key Q4 2024 metrics include GAAP earnings from operations at 8.0% of revenue (up from 5.1% in Q4 2023) and adjusted operating margin of 6.8% (up from 6.0%). The company repurchased 0.3 million shares for $25.5 million during the quarter.
For 2025, Celestica has raised its outlook, projecting revenue of $10.7 billion (up from previous $10.4 billion) and adjusted EPS of $4.75 (increased from $4.42). The company cites strong demand in data center hardware and recent AI program wins, including two new 1.6T programs, as drivers for continued growth into 2026.
Celestica (NYSE, TSX: CLS), a leader in design, manufacturing, hardware platform, and supply chain solutions, has been named one of Canada’s Top Employers for Young People for 2025 by Mediacorp Canada Inc. This is the second consecutive year Celestica has received this distinction, highlighting the company’s commitment to nurturing young talent.
Rob Mionis, President and CEO of Celestica, expressed pride in the recognition, emphasizing the company’s dedication to empowering young professionals with meaningful opportunities to contribute, innovate, and grow. Leila Wong, Chief Human Resources Officer, credited strong leadership practices and impactful programs for attracting and retaining emerging talent.
Now in its 23rd year, Mediacorp Canada Inc.’s national program annually recognizes employers that offer the best workplaces and programs for young people starting their careers. Celestica was chosen based on the strength of its initiatives, including benefits, internships, mentorship, training, and career management programs.
Celestica (CLS) has announced it will release its Q4 2024 financial results after market close on Wednesday, January 29, 2025. The company will host a conference call to discuss these results on Thursday, January 30, 2025, at 8:00am ET. A live webcast will be available for participants, and a recorded version will be accessible approximately two hours after the call's completion on Celestica's website.
Celestica (TSX: CLS) (NYSE: CLS) has appointed Amar Maletira to its Board of Directors, effective January 1, 2025. Maletira, currently CEO of Rackspace Technology, brings over 25 years of experience in enterprise technology industries, having held senior executive positions at companies including Rackspace Technology, VIAVI Solutions, Hewlett-Packard, Siemens, and HCL-Picker.
Maletira's achievements include being named CFO of the Year by Silicon Valley Business Journal in 2016 and ranking #1 CFO in TMT Mid-Cap by Institutional Investor Magazine in 2019. He holds a BS in Electronics and Communication Engineering from Karnataka University and an MBA from the University of Michigan's Ross School of Business. With this appointment, Celestica's board will comprise 9 members.
Celestica (NYSE: CLS) announced the early termination of its existing share repurchase program and the TSX's acceptance of a new Normal Course Issuer Bid (NCIB). Under the existing program, the company repurchased 2,923,323 shares at an average price of US$43.28. The new NCIB, running from November 1, 2024, to October 31, 2025, allows for the repurchase of up to 8,609,693 common shares, representing 10% of the public float less previously purchased shares. Daily purchases will be to 160,924 shares, based on the average daily trading volume. The program will be funded through existing cash and credit facilities.
Celestica (NYSE: CLS) reported strong Q3 2024 financial results with revenue of $2.50 billion, up 22% year-over-year. The company's non-IFRS adjusted EPS increased 60% to $1.04. The CCS segment showed remarkable growth with revenue up 42% and improved margins of 7.6%. The company raised its 2024 outlook, projecting revenue of $9.60 billion and non-IFRS adjusted EPS of $3.85. For 2025, Celestica expects revenue of $10.40 billion with non-IFRS operating margin of 6.7% and adjusted EPS of $4.42.
Celestica Inc. (TSX: CLS) (NYSE: CLS) has launched the DS4100, a new 1U 800G per port top-of-rack, leaf/spine switch designed for AI/ML data center networking. Key features include:
- 16x 800G OSFP ports
- 12.8Tbps non-blocking switching capacity
- Field-replaceable fans and redundant hot-swappable power supplies
- Flexible I/O configurations supporting 112G SerDes-based NICs
- x86-based CPU for high performance
The DS4100 is optimized for AI/ML, big data analytics, hyperscale data centers, cloud computing, HPC, and network backbone applications. It supports SONiC as a production-hardened Network Operating System and incorporates the Open Network Install Environment (ONIE) installer.
Celestica (CLS) has announced its upcoming Q3 2024 financial results conference call and virtual investor meeting, scheduled for Wednesday, October 23, 2024. The conference call will begin at 5:00pm ET, with financial results to be released after market close on the same day. During the investor meeting, Celestica's management will provide an overview of the business, growth opportunities, and financial outlook.
Participants can join the live webcast through a provided link. For those unable to attend, a recorded webcast will be available approximately two hours after the call's completion on www.celestica.com. Interested parties can contact Celestica Investor Relations at clsir@celestica.com for more information.
Celestica has been honored with a 2024 Supplier Excellence Award from Lam Research, a global provider of innovative wafer fabrication equipment and services to the semiconductor industry. Celestica's Johor, Malaysia operation was recognized for excellence in Operational Execution, demonstrating proactive and adaptable delivery, strategic inventory solutions, localized manufacturing, and outstanding customer support.
The award was presented during Lam's annual Supplier Day event on September 19, 2024. Celestica was one of nine companies selected from Lam's ecosystem of thousands of suppliers worldwide for exemplifying high standards in scalability, agility, quality, and environmentally sustainable and socially responsible business practices.
This recognition highlights Celestica's commitment to continuous improvement and innovation in the semiconductor industry, particularly as the ecosystem scales for the AI era and progresses towards net zero goals.
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