CLS Stock Recent News

Celestica investors have endured a volatile week as the DeepSeek fallout was overcome by its confident earnings outlook last week. CLS's increased exposure to hyperscalers augurs well as the AI infra investment theme doesn't seem to be slowing down anytime soon. As DeepSeek potentially democratizes access to more cost-efficient models, it could also spur the need for more AI compute and networking technologies.

Celestica (CLS) got an upgrade from CIBC following stronger-than-expected 4Q results. George Tsilis notes that the company is trading at a discount compared to its growth rate.

TORONTO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX: CLS) (NYSE: CLS) (“Celestica” or the “Company”), 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 Tuesday, June 17, 2025 at 9:30 a.m. EDT in a hybrid format, with further details to be provided in the Company's upcoming definitive proxy statement related to the Meeting.

Solid growth in key end markets led CLS to report relatively modest fourth-quarter results.

Celestica Inc. (NYSE:CLS ) Q4 2024 Earnings Conference Call January 30, 2025 8:00 AM ET Company Participants Craig Oberg - Vice President, Corporate Development and Investor Relations Rob Mionis - President and Chief Executive Officer Mandeep Chawla - Chief Financial Officer Conference Call Participants George Lyon - Barclays Robert Young - Canaccord Genuity Thanos Moschopoulos - BMO Capital Markets David Vogt - UBS Steven Fox - Fox Advisors Ruben Roy - Stifel Paul Treiber - RBC Todd Coupland - CIBC Operator Good morning, ladies and gentlemen, and welcome to the Celestica Fourth Quarter 2024 Earnings Call. At this time all lines are in listen-only mode.

Celestica: Stellar Q4 Earnings Reinforce Bullish Case

Celestica's stock has been volatile but remains strong, with a raised 2025 outlook and a valuation of 32x forward free cash flow. The company is well-positioned with new AI projects and significant wins, ensuring growth into 2026 despite recent market concerns. Celestica's robust balance sheet with $1.7 billion in cash and mid-teens revenue growth makes its current valuation reasonable.

Celestica (CLS) came out with quarterly earnings of $1.11 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.76 per share a year ago.

Q4 2024 adjusted EPS* above the high end of the guidance range; Raising 2025 annual outlook Q4 2024 adjusted EPS* above the high end of the guidance range; Raising 2025 annual outlook

Does Celestica (CLS) have what it takes to be a top stock pick for momentum investors? Let's find out.