CommScope (COMM) Tops Q2 EPS by 5c, Offers Q3 & FY Guidance
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CommScope Reports Second Quarter 2016 Results
July 28, 2016 6:00 AM EDT- Announces voluntary redemption of remaining $237 million PIK Notes -
- Raises three-year BNS synergy target by $25 million to $200 million -
Second Quarter Highlights Sales of $1.31 billion, up 51 percent year over year Record gross margin of 42 percent GAAP operating income of $184 million, up 68 percent year over year driven by BNS acquisition Adjusted operating income (excludes special items) of $291 million, or 22 percent of sales Net income of $0.32 per diluted share, up 33 percent year over year... More