03:00:00 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Celestica Inc
Symbol CLS
Shares Issued 118,952,174
Close 2024-02-12 C$ 51.45
Market Cap C$ 6,120,089,352
Recent Sedar Documents

Globe's Pape still salivating for "hot" Celestica

2024-02-13 08:32 ET - In the News

The Globe and Mail reports in its Tuesday edition that Canada does not have a Magnificent Seven, but the Toronto Stock Exchange still boasts some decent technology players. Globe columnist Gordon Pape writes that one of these is Celestica, which led the Toronto Stock Exchange advancers last year with a gain of 154 per cent. It is still hot, up 34 per cent so far in 2024. Toronto-based Celestica has a market cap of $6.2-billion. The company, a spinoff from IBM, provides hardware and supply chain services to some of the world's largest businesses. On Jan. 29, the company released fourth-quarter results that were better than expected. Revenue for the quarter was $2.14-billion, up 5 per cent compared with last year. Earnings per share (EPS) were 70 cents, up from 35 cents in the same quarter of 2022. Adjusted EPS was 76 cents. For the full year, revenue was $7.96-billion compared with $7.25-billion in 2022. EPS was $2.03, up from $1.18 in the prior year. The company is forecasting first-quarter revenue of $2.02-million to $2.17-million and adjusted EPS of 67 cents to 77 cents. Mr. Pape recommended Celestica in November last year at $38.46. The stock closed Friday at $52.02 -- a gain of 35 per cent in three months.

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