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) has announced the appointment of Jill Kale to its Board of Directors, effective December 1, 2022. Kale brings extensive experience from her previous roles, including Sector President at Cobham Advanced Electronic Solutions. Her background in the aerospace and defense sector is seen as valuable for driving the company's performance. This strategic addition aims to strengthen leadership as Celestica continues to deliver innovative solutions across various industries, including Aerospace, Defense, HealthTech, and more.
Celestica (TSX: CLS) reported strong Q3 2022 results, with revenues of $1.92 billion, up 31% from Q3 2021. Non-IFRS adjusted EPS reached $0.52, a 49% increase year-over-year. The company reported record non-IFRS operating margins at 5.1% and raised its 2022 revenue guidance to between $7.08 billion and $7.23 billion, projecting 27% growth. For 2023, revenues are expected to exceed $7.5 billion, with adjusted EPS guidance of $1.95 to $2.05. While strong demand drives growth, supply chain constraints remain a risk.
Celestica has launched the DS1000, a high-performance Gigabit Ethernet Layer 3 switch, at the 2022 OCP Global Summit. This compact and cost-effective switch features 48 RJ45 ports and 8 SFP+ ports, optimized for various use cases including data center and enterprise applications. Celestica is contributing the DS1000's design to the open-source community, enhancing its commitment to innovation in open networking. The company continues to be a key player in driving advancements in hardware solutions, collaborating with industry leaders to support open-source initiatives.
Celestica Inc. (TSX: CLS) announced the appointment of Françoise Colpron to its Board of Directors, effective October 1, 2022. Colpron brings extensive global business and legal experience, particularly in the manufacturing and automotive sectors. Previously, she was Group President, North America at Valeo. Her addition is expected to support Celestica's long-term growth strategy. The company emphasizes its commitment to diversity, achieving a gender diversity target of 30% women on the Board.
Celestica will announce its third-quarter financial results on October 24, 2022, after market close. A conference call to discuss these results is scheduled for October 25, 2022, at 8:00 AM ET. Participants can access the live webcast via the provided link. An archived version will be available two hours post-call. Investors can direct inquiries to Celestica's Investor Relations department.
Celestica (TSX: CLS) has launched new storage solutions including the Athena G2 dual-node NVMe storage platform, Nebula G2 all-flash array, and Titan G2 JBOD at the 2022 Flash Memory Summit in Santa Clara, California. These platforms are designed to meet demanding performance requirements for enterprise workloads, featuring advanced PCIe 4.0 NVMe SSDs and high availability capabilities. The company emphasizes its commitment to providing customized data center infrastructure solutions to lower R&D costs while enhancing performance. Visit booth #746 for firsthand demonstrations.
Celestica Inc. (TSX: CLS) reported strong Q2 2022 results, with revenue hitting $1.72 billion, a 21% increase year-over-year. Adjusted EPS rose to $0.44 from $0.30 in Q2 2021. The company's operating margins improved, with ATS and CCS segments seeing revenue growth of 24% and 19%, respectively. The outlook for 2022 is positive, raising the revenue target to at least $6.7 billion and EPS guidance to between $1.65 and $1.75. Despite challenges from supply chain disruptions, the company anticipates recovery from a recent facility fire.
Celestica is set to announce its second quarter financial results on July 25, 2022, after market close. The conference call for discussing these results is scheduled for July 26, 2022, at 8:00 AM ET. Participants can join the live webcast via a link provided in the announcement. A recorded version will be available shortly after the call, ensuring that stakeholders can access the information at their convenience.
Celestica (NYSE, TSX: CLS) has been recognized as one of Canada's best corporate citizens in 2022 by Corporate Knights, highlighting its commitment to sustainability and responsible business practices. The company's sustainability initiatives are aligned with the United Nations’ Sustainable Development Goals and have received approval from the Science Based Targets initiative for greenhouse gas emissions reduction. Out of 332 companies evaluated, Celestica's inclusion in the top 50 illustrates its leadership in environmental, social, and governance (ESG) performance.
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