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Why Fast-paced Mover Celestica (CLS) Is a Great Choice for Value Investors
Zacks Investment Research· 2024-02-01 14:50
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...
Kelly Ahuja Appointed to Celestica's Board of Directors
Newsfilter· 2024-01-30 22:15
TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX:CLS) (NYSE:CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, is pleased to announce the appointment of Kulvinder (Kelly) Ahuja to its Board of Directors effective January 29, 2024. "I'm pleased to welcome Kelly to the Board of Directors of Celestica," said Mike Wilson, Chair, Celestica's Board of Directors. "Kelly brings extensive industry knowledge and leadership acumen that will be va ...
Celestica(CLS) - 2023 Q4 - Earnings Call Presentation
2024-01-30 16:50
IFRS Earnings from operations $ 40.6 $ 62.7 $ 78.4 $ 81.6 $ 59.4 $ 87.8 $ 117.4 $ 118.6 $ 383.2 $ 263.3 $ 167.7 $ 90.2 $ 99.8 Multiplier to annualize earnings 4 4 4 4 4 4 4 4 1 1 1 1 1 Annualized IFRS earnings from operations $ 162.4 $ 250.8 $ 313.6 $ 326.4 $ 237.6 $ 351.2 $ 469.6 $ 474.4 $ 383.2 $ 263.3 $ 167.7 $ 90.2 $ 99.8 Average Net Invested Capital for the period $ 2,000.7 $ 2,036.8 $ 2,044.2 $ 2,085.4 $ 2,127.1 $ 2,132.6 $ 2,155.9 $ 2,193.7 $ 2,152.8 $ 2,040.3 $ 1,682.2 $ 1,600.1 $ 1,719.7 IFRS ROIC ...
Celestica(CLS) - 2023 Q4 - Earnings Call Transcript
2024-01-30 16:46
Celestica Inc. (NYSE:CLS) Q4 2023 Earnings Conference Call January 30, 2024 8:00 AM ET Company Participants Craig Oberg - VP, IR & Corporate Development Rob Mionis - President & CEO Mandeep Chawla - CFO Conference Call Participants Robert Young - Canaccord Maxim Matushansky - RBC Capital Markets Thanos Moschopoulos - BMO Daniel Chan - TD Securities Matt Sheerin - Stifel Todd Coupland - CIBC Operator Good day, ladies and gentlemen, and welcome to Celestica Q4 2023 Earnings Conference Call. At this time, all ...
Celestica Announces 2024 Annual and Special Meeting of Shareholders
Newsfilter· 2024-01-30 13:35
TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. ("Celestica" or the "Corporation") ((NYSE, TSX:CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced that the Annual and Special Meeting of its Shareholders (the "Meeting") will be held on Thursday, April 25, 2024 at 9:30 a.m. EDT in a virtual format. Record Date Celestica also announced that it has set Friday, March 8, 2024 as the record date for determining s ...
Celestica (CLS) Q4 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-01-30 00:31
Celestica (CLS) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.76%. A quarter ago, it was expected that this electronics manufacturing services company would post earnings of $0.61 per share when it actually produced earnings of $0.65, delivering a surprise of 6.56%.Over the last ...
Celestica Announces Fourth Quarter 2023 Financial Results
Newsfilter· 2024-01-29 22:15
Q4 2023 non-IFRS adjusted EPS* above high end of guidance rangeQ4 2023 non-IFRS operating margin* reaches 6.0% (All amounts in U.S. dollars. Per share information based on dilutedshares outstanding unless otherwise noted.) TORONTO, Jan. 29, 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 December 31, 2023 (Q4 2023)† ...
Celestica(CLS) - 2023 Q4 - Annual Report
2024-01-29 16:00
Exhibit 99.1 FOR IMMEDIATE RELEASE January 29, 2024 (All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) Q4 2023 non-IFRS adjusted EPS* above high end of guidance range Q4 2023 non-IFRS operating margin* reaches 6.0% CELESTICA ANNOUNCES FOURTH QUARTER 2023 FINANCIAL RESULTS 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 companie ...
Will Top-Line Growth Boost Celestica's (CLS) Q4 Earnings?
Zacks Investment Research· 2024-01-24 17:16
Celestica, Inc. (CLS) is set to report fourth-quarter 2023 results on Jan 29, after the closing bell. In the last reported quarter, the company beat the Zacks Consensus Estimate of 61 cents and delivered a trailing four-quarter earnings surprise of 7.77%, on average.The company is expected to record a top-line expansion year over year, backed by healthy demand for its manufacturing technology and service solutions in the computer and communication sectors. Management’s focus on product development in accord ...
Celestica Recognized as one of Canada's Top 100 Employers for Young People for 2024
Newsfilter· 2024-01-23 22:30
TORONTO, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. ((NYSE, TSX:CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, has been named one of Canada's Top 100 Employers for Young People for 2024 by Mediacorp Canada Inc., organizers of the annual Canada's Top 100 Employers project. "We are honoured to be named among Canada's Top 100 Employers for Young People in 2024," said Rob Mionis, President and Chief Executive Officer, Celest ...