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.
Celestica Inc. (TSX: CLS) announced its Q1 2023 financial results, reporting revenue of $1.84 billion, a 17% increase from Q1 2022. The non-IFRS adjusted EPS was $0.47, up from $0.39 a year earlier. The company raised its 2023 revenue outlook to at least $7.6 billion and tightened its non-IFRS operating margin and adjusted EPS guidance. Key revenue growth was seen in both the Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS) segments, with ATS revenue up 14% and CCS revenue rising 20%. Despite a positive start to the year, the company acknowledged potential risks from supply chain constraints impacting its financial outlook.
Celestica (NYSE:CLS) is set to unveil its new design specification for an Enterprise Edge Gateway at the OCP Regional Summit in Prague on April 20, 2023. This open design will be submitted for OCP approval in May 2023 and aligns with AWS's Enterprise Edge Gateway base specification. The device features a Broadcom Trident-3 chipset and an 8-core Intel CPU, optimized for various applications including retail, manufacturing, video surveillance, IoT, and SD-WAN migration. With its compact 1U footprint, it offers extensive connectivity options including 48 multi-gig RJ45 ports and 4 SFP28 ports. Celestica aims to achieve OCP Inspired™ recognition for this innovative product, reinforcing its commitment to enhancing open networking solutions.
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.
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