Core Insights - The Carillon Scout Mid Cap Fund's third-quarter 2025 investor letter highlights strong corporate earnings and AI infrastructure momentum as key drivers for the Russell Midcap Index's positive returns [1] - Celestica Inc. (NYSE:CLS) is emphasized as a significant holding, showcasing a remarkable 239.87% increase in share value over the past 52 weeks despite a recent one-month decline of 13.70% [2][3] Company Performance - Celestica Inc. reported Q3 2025 revenue of $3.19 billion, reflecting a 28% increase from Q3 2024 [4] - The company is recognized for its contract manufacturing capabilities, particularly in data center hardware and aerospace components, with strong demand for networking switches driving positive quarterly results [3] Market Position - Celestica Inc. is gaining market share in the networking industry through private label solutions, which offer lower total costs and flexible designs compared to branded vendors [3] - The company is expected to see rising earnings estimates as it secures new deals and benefits from existing hyperscaler programs ramping up faster than anticipated [3]

Group 1 - The Carillon Scout Mid Cap Fund's second quarter 2025 investor letter highlights the positive performance of the Russell Midcap Index despite a sell-off in early April due to tariff announcements, with delays in tariff collection allowing for better negotiations among trading partners [1] - Celestica Inc. (NYSE:CLS) is emphasized as a key holding, reporting a one-month return of 14.35% and a remarkable 461.23% increase in value over the past 52 weeks, with a market capitalization of $28.194 billion as of September 09, 2025 [2][3] - The company specializes in contract manufacturing for data center hardware, aerospace, defense, and industrial parts, driven by strong demand for networking switches, particularly 400-gigabyte and 800-gigabyte switches, indicating potential for earnings upside as new deals are expected to be won [3] Group 2 - Celestica Inc. reported revenue of $2.89 billion for Q2 2025, marking a 21% increase from Q2 2024, exceeding guidance expectations, although it is noted that certain AI stocks may present greater upside potential with less downside risk [4]