Shocking Stock: Celestica Inc (NYSE: CLS)

On Friday, Celestica Inc (NYSE: CLS) stock recorded daily change of 1.94% to close at $7.37 with the total traded volume of 554,128 shares along average volume of 375633 shares. 52-week range of the stock remained $ 5.95 – 10.9 while its day low price was $7.22 and its hit its day high price at $7.48. Its previous closing value stands at $7.23.

Celestica Inc. (CLS) recently reported financial results for the quarter ended September 30, 2019 (Q3 2019).

Q3 2019 Highlights

  • Revenue: $1.52B, above our Q3 2019 guidance range of $1.4 to $1.5B, reduced 11% contrast to $1.71B for the third quarter of 2018 (Q3 2018).
  • Operating margin (non-IFRS)*: 2.8%, above our Q3 2019 guidance of 2.5% at the midpoint of our revenue and non-IFRS adjusted EPS* guidance ranges, contrast to 3.3% for Q3 2018.
  • Advanced Technology Solutions (ATS) section revenue**: relatively flat contrast to Q3 2018, and represented 37% of total revenue, contrast to 33% of total revenue for Q3 2018; ATS section margin** was 2.8%, contrast to 4.6% for Q3 2018 (see Section Updates below).
  • Connectivity & Cloud Solutions (CCS) section revenue**: reduced 17% contrast to Q3 2018, and represented 63% of total revenue, contrast to 67% of total revenue for Q3 2018; CCS section margin** was 2.8%, contrast to 2.7% for Q3 2018.
  • IFRS earnings (loss) per share: $0.05 loss per share, contrast to $0.06 earnings per share for Q3 2018.
  • Adjusted EPS (non-IFRS)*: $0.13 per share, above the midpoint of our Q3 2019 guidance range of $0.09 to $0.15 per share, contrast to $0.26 per share for Q3 2018. Adjusted EPS for Q3 2019 and Q3 2018 included a $0.02 and $0.03 per share negative impact, respectively, resulting from taxable foreign exchange (see Guidance Summary and Q4 2019 Outlook below).
  • Adjusted return on invested capital (non-IFRS)*: 10.1%, contrast to 16.2% for Q3 2018.
  • Free cash flow (non-IFRS)*: $66.2M, contrast to $24.6M for Q3 2018.

*Non-IFRS (International Financial Reporting Standards) measures do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other public companies that use IFRS or U.S. generally accepted accounting principles (GAAP). See “Non-IFRS Supplementary Information” below for information on our rationale for the use of non-IFRS measures, and Schedule 1 for, among other items, non-IFRS measures included in this press release, as well as their definitions, uses, and a reconciliation to the most directly comparable IFRS measures. As described in footnotes (3) and (4) to the table in Schedule 1, our calculation of each of non-IFRS free cash flow and non-IFRS adjusted return on invested capital (ROIC) has been modified commencing in the first quarter of 2019 (Q1 2019). In addition, see Schedule 1 for a description of a modification to our calculation of Transition Costs (used in the determination of certain non-IFRS measures presented herein), commencing in Q3 2019.

CLS total market capitalization is $950606169. Currently stocks EPS is $1 while its price to earnings ratio is 7.39. Its monthly performance is 11.84% and a quarterly performance of 8.70%. The stock price is trading downbeat from its 200 days moving average with -1.78% and up from 50 days moving average with 7.05%.

Willard Shelton

Willard Shelton – Technology My name is Willard Shelton, I have worked for the stock market industry for 4 years. Technology news grasp my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network.

Leave a Reply

Your email address will not be published. Required fields are marked *