CommScope (NASDAQ: COMM) reported Q1 EPS of $0.48, $0.12 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.11 billion.

GUIDANCE:

CommScope sees Q2 2016 EPS of $0.67-$0.72, versus the consensus of $0.58. CommScope sees Q2 2016 revenue of $1.275-1.325 billion, versus the consensus of $1.25 billion.

CommScope sees FY2016 EPS of $2.40-$2.50, versus the consensus of $2.29. CommScope sees FY2016 revenue of $4.95-5.05 billion, versus the consensus of $4.94 billion.

“We are pleased to deliver strong first quarter results that exceeded our expectations while continuing to make excellent progress on our BNS integration plan,” said President and Chief Executive Officer Eddie Edwards. “We are particularly proud of our record first quarter gross margin. This margin improvement reflects the impact of the BNS acquisition and our ongoing efforts to create profitable growth.

“We are focused on integrating the BNS acquisition quickly and effectively—and are very pleased with our progress. We recently made another important step in the transition by establishing a new management reporting structure. This structure positions us to serve our customers better and enhances our ability to create technologically-advanced solutions.

“Our confidence in the future and strong cash flow positioned us to announce the early and voluntary redemption of $300 million of our highest-cost debt,” added Edwards.

For earnings history and earnings-related data on CommScope (COMM) click here.