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. (NYSE: CLS, TSX: CLS) delivers essential technology solutions across aerospace, healthcare, and cloud infrastructure markets. This news hub provides investors and industry professionals with centralized access to official announcements and strategic developments.
Track critical updates including quarterly earnings reports, manufacturing innovations, and supply chain initiatives. Our curated collection features press releases about new product launches, strategic partnerships, and operational milestones across both business segments: Advanced Technology Solutions (serving aerospace/defense and healthtech) and Connectivity & Cloud Solutions (focusing on enterprise infrastructure).
Discover timely information about Celestica's global operations, sustainability efforts, and market positioning. All content is verified through primary sources to ensure accuracy for financial decision-making. Bookmark this page for ongoing insights into how CLS navigates evolving demands in smart manufacturing and connected technologies.
On September 21, 2021, Platinum Equity announced the sale of PCI Limited, an electronics manufacturing services provider, to Celestica Inc. for $306 million in cash. The transaction is expected to close by mid-fourth quarter 2021, pending regulatory approval. Since its acquisition by Platinum Equity in April 2019, PCI has seen a revenue increase of over 40% and improved profitability. PCI serves various markets, including automotive and medical, and aims to leverage Celestica's global presence for future growth.
Celestica has announced its acquisition of PCI Limited for $306 million in cash, aiming to enhance its engineering capabilities and diversify its customer base. The acquisition is expected to bolster Celestica's annual revenue by approximately $325 million in 2021, with strong EBITDA margins and cash flow. The deal is projected to be accretive to non-IFRS adjusted EPS in the first year, prompting an increase in the 2022 EPS growth outlook from 10% to 20%.
The transaction is expected to close in mid-Q4 2021.
Celestica Inc. (TSX: CLS) has appointed Luis Müller to its Board of Directors, effective August 31, 2021. Müller brings 25 years of experience in the semiconductor sector, currently serving as CEO of Cohu, Inc. He has a track record in strategic planning and corporate development, highlighted by his co-founding of Kinetrix and tenure at Teradyne. This addition expands Celestica’s board to 10 members, aiming to leverage Müller's expertise for enhancing company strategy and operations.
Celestica Inc. has officially opened its new AbelConn Electronics facility in Maple Grove, Minnesota, enhancing its manufacturing capabilities for the defense and aerospace sectors. The 110,000 square foot facility will support rapid prototyping, volume manufacturing, and engineering services, particularly focusing on ITAR-certified production and obtaining ISO 13485 certification for HealthTech markets. This expansion is part of Celestica's growth strategy, aiming to improve speed-to-market and regulatory compliance for its customers in highly regulated industries.
On July 26, 2021, Celestica Inc. (TSX: CLS) reported Q2 2021 results, highlighting revenue of $1.42 billion, a 5% decrease from Q2 2020. However, non-IFRS adjusted EPS reached $0.30, up from $0.25 a year prior. The company noted continued improvement in non-IFRS operating margin, achieving 3.9%, compared to 3.4% in Q2 2020. The ATS segment experienced a 12% revenue increase, but the CCS segment saw a 14% decline. The guidance for Q3 suggests a non-IFRS operating margin of 4.0%, potentially the highest in two decades, reflecting strong momentum in Lifecycle Solutions.
Celestica has been ranked 5th among Canada’s best corporate citizens in 2021 by Corporate Knights, which recognizes sustainability performance. The ranking evaluates 271 Canadian companies based on 24 key performance indicators in environmental, social, and governance (ESG) areas. Celestica's sustainability efforts align with the United Nations' Sustainable Development Goals and have received approval from the Science Based Targets initiative for greenhouse gas emissions reduction goals. The company aims to leverage its resources to support customer sustainability initiatives.
Celestica (NYSE: CLS) hosted a virtual investor roundtable on June 3, 2021, providing updates on its Capital Equipment business. The company expects revenues to exceed $700 million in 2021, reflecting over 30% growth from 2020, with margins anticipated at the high end of its target range. Analysts predict the Wafer Fabrication Equipment (WFE) market will reach $86 billion by 2024 with a 9% CAGR. Additionally, Celestica is exploring adjacent markets including robotics and automated systems, aiming to diversify its offerings.
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.
