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Highlights 

  • Celestica secured higher cash of around USD 88.4 million from operation in Q3 2023, versus USD 74.4 million in Q3 2022.
  • In Q3 2023, the company posted a revenue of USD 2,043.3 million, as compared to USD 1,923.3 million in pcp.
  • Celestica’s net income saw a massive increase of 75.5% in the reporting period.

Headquartered in Toronto, Celestica Inc (TSX: CLS) is a multinational company involved in designing, manufacturing, hardware platform, and supply chain electronics manufacturing services. It provides supply chain solutions under two segments - Connectivity & Cloud Solutions (CCS) and Advanced Technology Solutions (ATS).

The CCS segment includes Communications and Enterprise end markets, while the ATS segment covers ATS end market, serving HealthTech, A&D, Industrial, Energy, and Capital Equipment businesses. Furthermore, the company’s Capital Equipment business covers semiconductor, display, and power & signal distribution equipment supplies. With innovations in engineering and manufacturing, Celestica has been able to cater to the accelerating needs of its cloud and enterprise customers for infrastructure performance and scalability with networking, storage, and compute solutions.

The company secured higher cash of around USD 88.4 million from operation in Q3 2023, versus USD 74.4 million in Q3 2022. Also, CLS’ free cash flow jumped from USD 7.4 million in Q3 2022 to USD 34.1 million in Q3 2023.

 

In the third quarter of the year 2023, the company posted a revenue of USD 2,043.3 million, as compared to USD 1,923.3 million in the previous corresponding period. This growth in top-line business can be attributed to the exceptional performances of both the business segments of the company. The improvement in the overall performance has also been pushed forth because of the implementation of new green energy programs and good development in the HealthTech division.

Celestica’s net income saw a massive increase of 75.5% in the reporting period.

For FY 2023, the company is expecting its revenue to be approximately USD 7.9 billion. Its free cash flow is likely to be around USD 150 million for the year.                                               

Top 10 Shareholders:

Around 29.72% of the total shareholding in the firm is held by its top ten shareholders collectively. While Connor, Clark & Lunn Investment Management Ltd. is the biggest shareholder with a stake of ­­5.12%, Letko, Brosseau & Associates Inc. owns 4.92% shareholding in the firm.

Stock Price Performance

CLS’ stock price gained approximately 7.81% in the past one week. It has increased by more than 8% in the last one month. The stock’s 52-week high and low price stand at CAD 41.96 and CAD 14.305, respectively.

  

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is January 19, 2024. The reference data in this report has been partly sourced from EODHD/Others.