Celestica Inc. Stock News

Celestica's stock has surged 50% in three months, driven by AI and data center tailwinds. Recent earnings report showed over 20% YoY revenue growth for three consecutive quarters, with record adjusted EPS of $1.04. The company's CCS segment, benefiting from data center investments, saw 42% YoY revenue growth, enhancing profitability and free cash flow.

CLS remains well positioned to report robust top/ bottom-lines, as observed in its supply agreements with numerous hyperscalers and AI-related companies. These developments have also contributed to its double beat FQ3'24 performance, raised FY2024 guidance, and exemplary FY2025 guidance. CLS' numbers are well supported by the robust AI market spending trends, as reported by TSM and numerous hyp...

Celestica's Q3 2024 report shows ~$2.5 billion in revenues - that was a 22% growth year over year, with the CCS segment experiencing a stunning 42% YoY expansion. We see Celestica continuing to raise internal expectations - the market is listening and following suit by also significantly raising revenue/EPS estimates en masse. Celestica still seems too undervalued to ignore. According to my cal...

TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (NYSE: CLS) (TSX: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced that it has terminated its existing normal course issuer bid (the “Existing Bid”), which commenced on December 14, 2023 and had an expiry date of December 13, 2024, and the Tor...

Celestica stock popped after its Q3 earnings release in post-market trading. Despite a decline in its ATS segment, Celestica's upgraded 2024 outlook and AI infrastructure demand support its bullish thesis. A revenue slowdown from 2025 could pan out, but CLS is targeting higher-value businesses, possibly lifting its profitability.

Celestica Inc. (NYSE:CLS ) Q3 2024 Earnings Call and Virtual Investor Meeting Conference Call October 23, 2024 5:00 PM ET Company Participants Craig Oberg – Vice President of Corporate Development and Investor Relations Rob Mionis – President and Chief Executive Officer Mandeep Chawla – Chief Financial Officer Jason Phillips – President, Connectivity and Cloud Solutions Todd Cooper – President,...

Q3 2024 revenue and non-IFRS adjusted EPS* exceed the high end of guidance ranges; 2024 full-year outlook raised and 2025 outlook provided Q3 2024 revenue and non-IFRS adjusted EPS* exceed the high end of guidance ranges; 2024 full-year outlook raised and 2025 outlook provided

Celestica's share price surged 40% since my first call, driven by strong AI-related revenue and EBITDA growth. CLS is set to report Q3 earnings on October 23. AI tailwinds and robust data center investments by major tech firms and asset managers bolster Celestica's growth prospects. Readers should keep in mind that buying before earnings is risky due to unpredictable market reactions, as seen w...