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. (NYSE: CLS) will hold an analyst and investor meeting on June 3 at 4:00 PM ET, focusing on its Capital Equipment business. The company reaffirmed its guidance for Q2 2021, which was originally issued on April 28, 2021. Participants can join in listen-only mode via telephone or watch a webcast. A recorded version will be available for 12 months post-meeting. Celestica specializes in design, manufacturing, and supply chain solutions across various industries, emphasizing a customer-centric approach.
Celestica Inc. (CLS) reported Q1 2021 financial results, showing revenue of $1.23 billion, a 6% decrease from Q1 2020. However, non-IFRS adjusted EPS increased to $0.22, up from $0.16 year-over-year. The ATS segment revenue fell by 3%, while the CCS segment revenue decreased by 9%, largely due to disengagement from Cisco programs. Despite challenges from COVID-19, the company reduced debt, generated $20.9 million in free cash flow, and repurchased $5.3 million in shares. Guidance for Q2 2021 anticipates revenue of $1.325 to $1.425 billion.
On March 15, 2021, Celestica announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission. This report is accessible on the company's website and other regulatory sites. Shareholders can obtain a free copy by contacting the investor relations team. Celestica continues to deliver design, manufacturing, and supply chain solutions across multiple sectors, emphasizing its commitment to innovation and customer partnerships.
Celestica Inc. (NYSE, TSX: CLS) has announced its Annual Meeting of Shareholders will take place virtually on April 29, 2021, at 9:30 a.m. EDT, due to COVID-19 concerns. The record date for shareholders eligible to vote is set for March 12, 2021. Shareholders can expect to receive the proxy statement and related materials by late March. Celestica specializes in design, manufacturing, and supply chain solutions across various sectors, partnering with leading companies to tackle complex challenges.
Celestica reported Q4 2020 revenue of $1.4 billion, down 7% from Q4 2019, but exceeded guidance. Non-IFRS adjusted EPS was $0.26, a 44% increase year-over-year. The ATS segment saw a 12% revenue decline due to COVID-19, despite improved margins, while the CCS segment experienced a 4% decrease, impacted by disengagement from Cisco. The company ended 2020 with strong cash reserves and a $450 million credit line. Looking ahead, Q1 2021 guidance estimates revenue between $1.175 and $1.275 billion, with adjusted EPS expected in the range of $0.18 to $0.24.
Celestica Inc. (NYSE: CLS) held an analyst and investor meeting on December 2, 2020, to discuss its Joint Design and Manufacturing (JDM) business. Over the past decade, Celestica has invested significantly in this area, now employing 500 design engineers and holding over 280 patents. For 2020, JDM revenue is projected to exceed $800 million, an 80% increase from 2019. The company also anticipates challenges in the Connectivity & Cloud Solutions segment due to disengagement with Cisco, while projecting a 10% growth in Advanced Technology Solutions revenue for 2021.
Celestica Inc. (NYSE: CLS) has announced an analyst and investor meeting set for December 2, 2020, at 4:00 PM ET. The meeting will provide insights into the company's Joint Design and Manufacturing business, reaffirm Q4 2020 guidance, and outline near-term expectations. Participants can join via a conference call or watch a webcast available on the company’s website. This meeting is expected to address key elements influencing Celestica's business direction amidst ongoing market challenges.
Celestica Inc. (NYSE: CLS) announced that the Toronto Stock Exchange has accepted its notice for a Normal Course Issuer Bid (the Bid), allowing the repurchase of up to 9,021,320 subordinate voting shares. This represents approximately 10% of the public float. The Bid period starts on November 24, 2020, and ends either on November 23, 2021, or upon completion of purchases. The company plans to finance the repurchase using existing cash resources and credit facilities. The previous bid resulted in the repurchase of 8,260,380 shares at an average price of US$8.15.
Celestica Inc. reported Q3 2020 financial results with revenue of $1.55 billion, up 2% from Q3 2019. The company achieved an IFRS EPS of $0.24, rebounding from a loss of $0.05 per share in the previous year. The Advanced Technology Solutions (ATS) segment revenue decreased 6%, while the Connectivity & Cloud Solutions (CCS) segment saw a 7% increase. Non-IFRS operating margin expanded to 3.9%, and free cash flow was $15.8 million. Q4 guidance estimates revenue between $1.35 billion and $1.45 billion.
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