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Celestica - 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.

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.

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Celestica Inc. shifts its Annual and Special Meeting to a hybrid format, allowing in-person attendance at its Toronto office. Shareholders to vote on amending By-Law 1 to remove Canadian residency requirement for Board members.
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Celestica Inc. appoints Kulvinder Ahuja to its Board of Directors, bringing extensive industry knowledge and leadership acumen. Ahuja has over three decades of experience in networking and telecommunications, currently serving as the CEO of Versa Networks. Previously, he spent 18 years at Cisco, leading the Service Provider Business. Ahuja's appointment is expected to contribute to creating shareholder value for Celestica.
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Celestica Inc. announces the Annual and Special Meeting of its Shareholders to be held in a virtual format on April 25, 2024. The Corporation has set March 8, 2024, as the record date for determining shareholders entitled to vote at the Meeting. Shareholders will consider a special resolution to amend the Corporation's articles of incorporation. Celestica will use the notice-and-access method for delivering proxy materials to shareholders.
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Celestica Inc. (TSX: CLS) reported strong Q4 2023 results with revenue of $2.14 billion, a 5% increase from Q4 2022. The non-IFRS operating margin reached 6.0%, and non-IFRS adjusted EPS was $0.76, representing a 10% revenue growth for the full year compared to 2022. The company also provided guidance for Q1 2024 and updated its 2024 annual outlook.
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Celestica Inc. has been named one of Canada’s Top 100 Employers for Young People for 2024 by Mediacorp Canada Inc. The company's President and CEO, Rob Mionis, expressed gratitude for the recognition and emphasized the importance of creating a collaborative environment that fosters innovation and empowers employees. Chief Human Resources Officer, Leila Wong, highlighted the company's commitment to providing meaningful career development experiences and investing in programs and tools for young employees. Celestica was selected based on the strength of its programs to attract and retain younger workers, including benefits, internships, mentorship, training, and career management initiatives.
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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 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 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 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 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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FAQ

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

The current stock price of Celestica (CLS) is $92.8 as of March 3, 2025.

What is the market cap of Celestica (CLS)?

The market cap of Celestica (CLS) is approximately 11.6B.

What does Celestica Inc. specialize in?

Celestica specializes in end-to-end product lifecycle solutions, including design, manufacturing, and supply chain services, across diverse industries.

What are Celestica's main business segments?

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

Which industries does Celestica serve?

Celestica serves industries such as Aerospace, Defense, HealthTech, Industrial, Communications, and Enterprise markets.

How does Celestica generate revenue?

Celestica generates revenue through its design, manufacturing, and supply chain solutions, with a significant contribution from the Connectivity & Cloud Solutions segment.

What makes Celestica unique in its industry?

Celestica's unique value lies in its ability to provide agile, scalable, and innovative solutions across the entire product lifecycle, supported by global expertise and a customer-centric approach.

What are some of the challenges Celestica faces?

Challenges include intense competition, rapid technological advancements, and maintaining operational efficiency in diverse and evolving markets.

How does Celestica support sustainability?

Celestica integrates sustainability principles into its operations, aligning with environmental and social goals to create long-term stakeholder value.

What role does innovation play in Celestica's strategy?

Innovation is central to Celestica's strategy, as it invests in advanced technologies and solutions to help customers address modern market complexities.

Where is Celestica headquartered?

Celestica is headquartered in Toronto, Canada, with operations spanning North America, Europe, and Asia.

What is the significance of the Connectivity & Cloud Solutions segment?

The Connectivity & Cloud Solutions segment represents a major revenue driver for Celestica, focusing on Communications and Enterprise markets, including servers, storage, and networking equipment.
Celestica

NYSE:CLS

CLS Rankings

CLS Stock Data

11.58B
114.89M
1.04%
78.94%
2.33%
Electronic Components
Technology
Link
Canada
Toronto