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Celestica, Inc. - CLS STOCK NEWS

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 prominent player in the realm of design, manufacturing, hardware platform, and supply chain solutions, catering to some of the world's most innovative enterprises. Established as a trusted partner, Celestica delivers end-to-end product lifecycle solutions that propel customer success through a streamlined global operations network and robust IT platform.

With an unwavering commitment to providing a distinctive customer experience, Celestica’s agile workforce is renowned for their expertise and creativity, enabling clients to overcome diverse challenges. The company's core operations are divided into two main segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS).

  • Advanced Technology Solutions (ATS): This division includes Aerospace and Defense, Industrial, HealthTech, and Capital Equipment businesses. The Capital Equipment business encompasses the Semiconductor, Display, and Robotics sectors.
  • Connectivity & Cloud Solutions (CCS): This segment is focused on Communications and Enterprise end markets, which include servers and storage solutions. Notably, the CCS segment contributes the majority of Celestica's revenue.

In recent developments, Celestica has expanded its portfolio by launching four new networking switches catering to enterprises' performance and connectivity needs. These switches support SONiC (Software for Open Networking in the Cloud) and boast features such as concurrent Wi-Fi connectivity and 5G LTE for WAN backhaul, making them reliable, scalable solutions aligned with the Open Compute Project (OCP) standards.

Financially, Celestica has been active in managing its share repurchase programs. Over recent periods, the company has made significant payments to repurchase subordinate voting shares (SVS) for both cancellation and delivery obligations under their SBC plans.

For more detailed information about Celestica, their offerings, and the latest updates, visit www.celestica.com.

News

Celestica Q4 2023 Financial Results and Conference Call Tuesday, January 30, 2024

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Celestica Inc. (CLS) will hold its fourth quarter financial results conference call on January 30, 2024, at 8:00am ET. The financial results will be released after market close on January 29. Participants can join the live webcast and access the recorded webcast on the company's website. For more information, contact Celestica Investor Relations at clsir@celestica.com.
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Celestica Announces TSX Acceptance of Normal Course Issuer Bid

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Celestica Inc. (NYSE: CLS) (TSX: CLS) announced a Normal Course Issuer Bid (the “Bid”) to repurchase up to 11,763,330 subordinate voting shares, representing approximately 9.9% of the issued and outstanding subordinate voting shares and approximately 10.0% of the 'public float'. The purchases will be made through various stock exchanges and will be funded using existing cash resources and draws on its credit facility.
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Celestica To Hold Previously-Announced Virtual Investor Meeting Today

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Celestica Inc. (CLS) reaffirms 2023 annual financial outlook, raises 2024 non-IFRS adjusted earnings per share* outlook, and provides 2025 and 2026 financial targets. The company's 2023 annual financial outlook includes revenue of $7.9 billion, non-IFRS operating margin* of 5.5%, non-IFRS adjusted earnings per share* of $2.36, and non-IFRS adjusted free cash flow* of $150 million. The 2024 annual outlook consists of revenue of at least $8.5 billion, non-IFRS operating margin* of between 5.5% and 6.0%, non-IFRS adjusted earnings per share* of $2.70 or more, and non-IFRS adjusted free cash flow* of $175 million or more. Revenue and non-IFRS adjusted earnings per share* targets for 2025 and 2026 are also provided.
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Celestica Recognized as one of Canada’s Most Admired Corporate Cultures™ for 2023

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Celestica Inc. (CLS) has been named one of Canada's Most Admired Corporate Cultures™ for 2023 by Waterstone Human Capital. The company's commitment to living its values and driving innovation for customers has been recognized, with President and CEO Rob Mionis expressing pride in the industry-leading employee engagement and the collaborative and inclusive culture. The award reflects Celestica's success in building a great place to work for its 27,000 employees globally.
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Celestica to Hold a Virtual Investor Meeting on November 29

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Celestica Inc. (NYSE, TSX: CLS) to Hold Virtual Investor Meeting to Discuss Business Outlook and Growth Opportunities in Advanced Technology and Connectivity & Cloud Solutions
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Celestica Announces Third Quarter 2023 Financial Results

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Celestica Inc. reports Q3 2023 financial results, exceeding guidance and raising full-year outlook. Revenue increased by 6% to $2.04 billion compared to Q3 2022. Non-IFRS operating margin was 5.7%. Adjusted EPS was $0.65. The company reiterates its 2024 outlook for 10% or more growth in non-IFRS adjusted EPS.
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Celestica Q3 2023 Financial Results and Conference Call Thursday, October 26, 2023

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Celestica will release its third quarter financial results on October 25, with a conference call scheduled for October 26 at 8:00am ET. A live webcast will be available for participants, and a recorded webcast will be accessible later. Contact Celestica Investor Relations for more information.
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Celestica Announces Closing of Secondary Offering of Subordinate Voting Shares by Onex Corporation

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Celestica Announces Proposed Secondary Offering of Subordinate Voting Shares by Onex Corporation

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Celestica Inc. (NYSE, TSX: CLS) announced that its controlling shareholder, Onex Corporation, intends to offer for sale 6,757,198 of Celestica’s subordinate voting shares. BofA Securities will act as the underwriter for the proposed offering. The offering is being made in the United States and Canada. Prospective investors in the United States and Canada should read the relevant prospectus and documents incorporated by reference therein.
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Celestica Announces Second Quarter 2023 Financial Results

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Celestica Inc. reports Q2 2023 revenue and non-IFRS adjusted EPS above guidance ranges, raises 2023 outlook
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FAQ

What is the current stock price of Celestica (CLS)?

The current stock price of Celestica (CLS) is $86.98 as of November 20, 2024.

What is the market cap of Celestica (CLS)?

The market cap of Celestica (CLS) is approximately 9.9B.

What does Celestica, Inc. specialize in?

Celestica, Inc. specializes in design, manufacturing, hardware platform, and supply chain solutions, serving various innovative companies globally.

What are the main segments of Celestica’s operations?

Celestica operates mainly through two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS).

What industries does the ATS segment cover?

The ATS segment includes Aerospace and Defense, Industrial, HealthTech, and Capital Equipment businesses.

What is included in the CCS segment?

The CCS segment focuses on Communications and Enterprise end markets, which encompass servers and storage solutions.

What recent products has Celestica launched?

Celestica recently launched four new networking switches designed to meet modern enterprises' performance and connectivity demands.

How does Celestica support its customers?

Celestica supports its customers by providing end-to-end product lifecycle solutions through a simplified operations network and advanced IT platform.

What distinguishes Celestica's customer experience?

Celestica's customer experience is distinctive due to their agile and adaptive workforce, renowned for expertise and creativity in overcoming customer challenges.

How has Celestica been managing its shares recently?

Celestica has been actively repurchasing subordinate voting shares (SVS) for both cancellation and delivery obligations under their SBC plans.

What is SONiC in relation to Celestica's new switches?

SONiC stands for Software for Open Networking in the Cloud, and it is supported by Celestica's newly launched networking switches to enhance connectivity and performance.

Where can I find more information about Celestica?

More information about Celestica can be found on their official website at www.celestica.com.

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Celestica, Inc.

NYSE:CLS

CLS Rankings

#866 Ranked by Market Cap
N/A Ranked by Dividends

CLS Stock Data

9.90B
115.13M
1.01%
80.2%
2.53%
Electronic Components
Technology
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United States of America
Toronto