SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 7.7% Stake in Celestica Inc.

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 7.7% of Celestica Inc.'s common shares as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in Celestica Inc.
• As of March 31, 2025, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 8,978,514.72 common shares.
• This represents 7.7% of the total outstanding common shares of Celestica Inc.
• FMR LLC holds sole voting power over 8,538,211.58 shares and sole dispositive power over 8,978,514.72 shares.
• Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC, is also reported as having sole dispositive power over 8,978,514.72 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Celestica Inc.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive investment by a major institutional investor, which is generally a positive signal of confidence in the company, although it provides no new operational or financial performance data.

Positives

• A significant institutional investor (FMR LLC) and its principal (Abigail P. Johnson) hold a substantial stake (7.7%) in Celestica Inc., which can be interpreted as a sign of confidence in the company.
• The acquisition of shares was for ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

Risks

• The document states that the shares were not acquired for the purpose of changing or influencing control of the issuer, which implies that any future deviation from this stated intent could be a risk to the current management or strategic direction.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Celestica Inc.'s future performance or outlook.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a significant institutional investment in Celestica Inc., a company operating in the electronics manufacturing services (EMS) industry. Such disclosures are common for large asset managers like FMR LLC as they adjust their portfolio holdings, reflecting their investment strategy within the broader technology and manufacturing sectors.

Comparison to Industry Standards

• Schedule 13G filings are standard regulatory disclosures for institutional investors acquiring more than 5% of a company's shares, indicating compliance with SEC regulations.
• FMR LLC, as a major global asset manager, routinely holds significant stakes in publicly traded companies across various industries, and a 7.7% stake is a notable but not uncommon position for such an entity.
• The statement that shares are held in the ordinary course of business and not for control is a standard certification for passive investors, aligning with typical institutional investment practices.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by FMR LLC may be viewed positively, potentially signaling institutional confidence and stability in the shareholder base.
• Employees, Customers, Suppliers, Creditors: This filing has no direct impact on these stakeholders as it pertains solely to beneficial ownership and does not discuss operational or strategic changes.

Next Steps

• Celestica Inc. will continue its regular financial reporting (e.g., quarterly and annual reports) as per SEC requirements.
• FMR LLC and Abigail P. Johnson will file future amendments to Schedule 13G if their beneficial ownership percentage changes significantly (e.g., by more than 1%).

Key Dates

Keywords

Celestica Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Shares, Institutional Investor, SEC Filing, Ownership Stake, Investment Management