Celestica
Celestica (TSX:CLS) stands out as one of the best Canadian stocks to buy right now, thanks to its strong exposure to the fast-growing artificial intelligence (AI) market and consistent delivery of solid quarterly results. Last month, the company reported a healthy fourth-quarter performance, with revenue rising 44% year over year to $3.65 billion, easily exceeding management expectations.
The strong results were led by the Connectivity & Cloud Solutions (CCS) segment, which posted 64% revenue growth, more than offsetting a modest 1% decline in the Advanced Technology Solutions (ATS) segment. Within CCS, Hardware Platform Solutions generated $1.4 billion in revenue, representing a robust 72% increase year-over-year, highlighting increasing demand from cloud and hyperscale customers.
Profitability also improved significantly. Celestica’s adjusted operating margin increased from 6.8% to 7.7%, bringing adjusted earnings per share (EPS) to $1.89 – an impressive 70.3% increase year-over-year and well above management’s range of $1.65-$1.81.
Encouraged by continued momentum heading into 2026, management has raised its full-year guidance. The updated guidance implies revenue growth of 37.2% year-over-year, while adjusted earnings per share could rise as much as 44.6%, underscoring confidence in the company’s execution and demand environment.
Looking ahead, increasing adoption of AI will drive hyperscalers to significantly increase infrastructure investments, creating an excellent long-term growth path for Celestica. At the same time, the company continues to invest in innovation, including advanced network switches and next-generation storage solutions, further strengthening its competitive position.
Given its favorable industry backdrop, improving margins and strong growth initiatives, Celestica appears well positioned to deliver attractive returns and remains an excellent stock to buy at the moment.
Savaria
Another stock that I think offers an excellent buying opportunity right now is Savaria (TSX:SIS), a leading designer, manufacturer, distributor and installer of accessibility equipment for both residential and commercial applications. Backed by a global manufacturing footprint, a strong global dealer network and direct sales offices, Savaria is well positioned to market and supply its products worldwide.
Favorable demographic trends continue to support demand for Savaria’s offering. An aging population, coupled with growing demand for home accessibility devices, is driving continued demand for the company’s products. To capitalize on this growing demand, the company has been actively launching innovative products while pursuing strategic acquisitions to expand its reach and capabilities. Most recently, Savaria completed the acquisition of Baxter Residential Elevators, a residential elevator dealer and installer operating in North Texas. Baxter generated approximately $5.5 million in revenue last year, and with Texas among the fastest growing U.S. states, the acquisition meaningfully strengthens Savaria’s presence in a fast-growing market.
Operationally, the implementation of the ‘Savaria One’ initiative has improved efficiencies across the organization, driving adjusted EBITDA margins above 20%. Additionally, the company is optimizing its supply chain and North American manufacturing footprint to ensure reliable service and maintain competitiveness amid ongoing geopolitical and macroeconomic uncertainties.
Given these growth drivers and operational improvements, Savaria appears well positioned to deliver healthy financial performance and support continued share price appreciation. Furthermore, its monthly dividend of $0.0467 per share (currently around 2.2%) and an attractive price-to-earnings ratio of 18.7 over the next twelve months make Savaria an excellent stock to buy now.
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