$CLS Celestica Inc Deep Dive and 2024 Outlook
The contract manufacturer is still benefiting from AI growth
Celestica Inc. is a multinational design and manufacturing company headquartered in Toronto, Canada, specializing in electronics manufacturing services (EMS). Founded in 1994 as a subsidiary of IBM and later acquired by Onex Corporation, Celestica expanded its operations to over 50 sites across 15 countries. The company offers various products and services, including hardware platform solutions, supply chain management, and after-market services. Celestica serves diverse markets such as aerospace and defense, communications, healthcare, industrial, and smart energy, providing customized solutions that enhance product performance and sustainability. Their Joint Design and Manufacturing (JDM) services are particularly notable, facilitating faster market entry for clients by streamlining product development and protecting intellectual property. The company is recognized for its commitment to sustainability and corporate responsibility, aligning with the UN Global Compact principles and focusing on environmentally responsible practices throughout its supply chain.
The big questions for Celestica Inc and the stock in 2024?
How will Celestica sustain its revenue growth?
What are the implications of rising operational costs?
What is the outlook for profitability?
How will Celestica adapt to technological advancements?
Will Celestica initiate a dividend policy?
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