Celestica Gets Approval to Buy Back Up to 3.1 Million Shares
Celestica won approval from the Toronto Stock Exchange to buy back up to 3,132,127 of its common shares over the next year, the data center hardware maker said Friday.
The normal course issuer bid, a Canadian-style open-market repurchase program, runs from Nov. 3, 2026, until Nov. 2, 2027, or until the purchases are completed, according to Celestica's 8-K and the press release attached to it. Purchases may be made on the TSX, the New York Stock Exchange and other exchanges or Canadian trading systems at prevailing market prices.
How the bid works
Under TSX rules, Celestica's daily purchases on the Toronto exchange are capped at 109,076 shares, apart from block purchases. Any shares it buys will be cancelled. The company said it will fund the program with existing cash and draws on its credit facility or other borrowing.
Celestica also agreed to an automatic share purchase plan with a designated broker, which lets buying continue during periods when the company would normally be barred from trading, such as earnings blackouts. The TSX has cleared that plan.
As of Oct. 20, 2026, Celestica had 126,111,808 common shares outstanding and a public float of 125,285,094 shares, as defined by the TSX.
Why it matters
Celestica, which describes itself as a global leader in data center infrastructure and advanced technology solutions, has been a major beneficiary of spending on AI servers and networking gear. A fresh buyback authorization gives management the flexibility to return cash to shareholders and offset dilution from stock-based pay. The actual number of shares bought, and the timing, will be up to management.
By the numbers
- 3,132,127: maximum shares Celestica may repurchase
- 109,076: daily purchase limit on the TSX
- Nov. 3, 2026, to Nov. 2, 2027: buyback window
- 126,111,808: shares outstanding as of Oct. 20
Sources
- Celestica Form 8-K announcing TSX acceptance of normal course issuer bid (Exhibit 99.1), filed Oct. 30, 2026 (accession 0001030894-26-000054)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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