Celestica - CLS STOCK NEWS

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.

Celestica Inc. (NYSE, TSX: CLS) filed its annual report on Form 20-F for the year ended December 31, 2022, with the United States Securities and Exchange Commission. This report can be accessed via the company's website and on regulatory platforms like SEDAR and SEC. Shareholders are eligible to receive copies free of charge by contacting clsir@celestica.com. Celestica specializes in design, manufacturing, and supply chain solutions across various industries, emphasizing a customer-centric approach.

Celestica Inc. (NYSE, TSX: CLS) has announced its Annual Shareholder Meeting will occur on April 27, 2023, at 9:30 a.m. EDT in a virtual format. The record date for determining eligible shareholders is set for March 10, 2023. Celestica plans to utilize a notice-and-access approach for distributing the proxy statement, with documents expected to reach shareholders in late March. The proxy statement will also be accessible on Celestica's website and regulatory platforms like SEDAR and EDGAR. The virtual meeting will allow participants to listen live, submit questions, and vote.

Celestica Inc. reported strong Q4 2022 results, exceeding guidance with a revenue of $2.04 billion, a 35% increase from Q4 2021. The company achieved a non-IFRS adjusted EPS of $0.56, reflecting 46% year-over-year growth. For the full year, revenue reached $7.25 billion, up 29%, with the highest annual non-IFRS operating margin and adjusted EPS in company history. Looking ahead, Celestica expects Q1 2023 revenue between $1.725 and $1.875 billion and reaffirms a 2023 revenue outlook of at least $7.5 billion, targeting a non-IFRS adjusted EPS of $1.95 to $2.05.