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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis ...

J Studios Intro & Thesis In August 2023, I initiated coverage of Celestica Inc. (NYSE:CLS) stock and then confirmed the "Buy" rating again in November. Since then, the stock has continued to rise, and at some point, its rally made me cautious against the backdrop of valuation ratios that were moving away from historical averages, and I eventually downgraded CLS to "Hold", confirming that rating 3 months ago. Since my last neutral thesis update, the stock's price has decreased by almost 1.7%, while the marke ...

Investment Rating - The report assigns a positive outlook for the company, indicating strong growth potential in the upcoming quarters, particularly in the CCS segment [27][32]. Core Insights - The company achieved a revenue of $2.392 billion in Q2 FY2024, representing a 23% year-over-year increase, driven primarily by the robust performance of the CCS segment [27][32]. - The CCS segment's revenue grew by 51% year-over-year, accounting for 68% of total revenue, while the ATS segment saw a decline of 11% [27][32]. - The company expects Q3 revenue to be between $2.325 billion and $2.475 billion, with adjusted earnings per share projected between $0.86 and $0.96 [42][49]. Summary by Sections Overall Revenue Situation - In Q2 FY2024, the company reported a gross profit of $256.1 million, up 39% year-over-year, and a net profit of $99.6 million, reflecting a 79% increase [27][32]. - The company has been actively repurchasing shares, spending $10 million to buy back approximately 200,000 shares in Q2 [27][32]. Revenue Breakdown - The ATS segment generated $770 million in revenue, down 11% year-over-year, while the CCS segment brought in $1.62 billion, up 51% [27][32]. - The strong growth in the CCS segment was attributed to the demand from large-scale customers for HPS network products, particularly in AI/ML infrastructure [27][32]. Q3 Company Performance Guidance - The company anticipates a revenue range of $2.325 billion to $2.475 billion for Q3, with an expected adjusted operating profit margin of 6.3%, an increase of 60 basis points from the previous year [42][49]. - The adjusted SG&A expenses are projected to be between $73 million and $75 million, with an effective tax rate around 20% [42][49]. Full-Year Outlook - The company raised its full-year revenue forecast to $9.45 billion, with adjusted earnings per share expected to be $3.62, representing a 19% and 49% increase, respectively, compared to 2023 [49][52]. - The company remains optimistic about the overall demand environment, particularly in the CCS segment, driven by strong customer relationships and a diverse product portfolio [53][81].

Celestica Inc. (NYSE:CLS) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Craig Oberg - Vice President, IR & Corporate Development Rob Mionis - President & Chief Executive Officer Mandeep Chawla - Chief Financial Officer Conference Call Participants Thanos Moschopoulos - BMO Capital Markets Matthew Sheerin - Stifel Nicolaus Steven Fox - Fox Advisors Daniel Chan - TD Cowen Paul Treiber - RBC Capital Markets Jesse Pytlak - Cormark Securities Todd Coupland - CIBC Operator Good mo ...

Note Regarding Non-IFRS Financial Measures In addition, this presentation refers to non-International Financial Reporting Standards (IFRS) financial measures (including ratios). Non-IFRS financial measures do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other public companies that report under IFRS, or who report under U.S. GAAP and use non-GAAP financial measures to describe similar operating metrics. Non-IFRS financial measures are not mea ...

This quarterly report represents an earnings surprise of 10.98%. A quarter ago, it was expected that this electronics manufacturing services company would post earnings of $0.72 per share when it actually produced earnings of $0.86, delivering a surprise of 19.44%. Celestica, which belongs to the Zacks Electronics - Manufacturing Services industry, posted revenues of $2.39 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 6.33%. This compares to year-ago revenues of $1.94 b ...

Exhibit 99.1 FOR IMMEDIATE RELEASE July 24, 2024 (All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) CELESTICA ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS Q2 2024 revenue and non-IFRS adjusted EPS* exceed the high end of guidance ranges; 2024 full-year outlook raised TORONTO, Canada - Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, ...

(All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) TORONTO, July 24, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX:CLS) (NYSE:CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced financial results for the quarter ended June 30, 2024 (Q2 2024)†. "We are pleased to deliver another quarter of very strong performance in Q2 2024, with revenue up 23% yearto-year ...

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cuttingedge growth stocks. While there are numerous reasons why the stock of this electronics manufacturing services company is a great growth pick right now, we have highlighted three of the most important factors below: While the historical EPS growth rate for Celestica is 36.9%, investors should actua ...