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 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.
Celestica will announce its third quarter financial results on January 25, 2023, after market close. A conference call to discuss these results is scheduled for January 26, 2023, at 8:00 AM ET. Investors and interested parties can join the live webcast through the provided link, with a recorded version available shortly after the call's conclusion. The press release highlights the importance of this financial update for stakeholders.
Celestica has announced a Normal Course Issuer Bid (Bid), allowing the purchase of up to 8,776,134 subordinate voting shares, representing 8.5% of outstanding shares, starting December 13, 2022. The Bid will run until December 12, 2023, or until shares are repurchased. Daily purchases are capped at 44,549 shares based on average trading volume. Funding will come from existing cash and credit facilities, with repurchased shares canceled. The company believes the buyback is beneficial for its shareholders.
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