CommScope Reports First Quarter 2020 Results
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CommScope (COMM) Tops Q1 EPS by 5c, Revenues Beat; Withdraws FY20 Guidance
May 7, 2020 6:08 AM EDTCommScope (NASDAQ: COMM) reported Q1 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $1.99 billion.
Highlights
Net sales of $2.03 billionGAAP net loss of $159.9 millionNon-GAAP adjusted EBITDA of $231.2 millionRedeemed $100 million aggregate principal amount of 5% senior notes due 2021Debt reduced by over $600 million since ARRIS acquisition closeIn this period of uncertainty in our global operating environment, we are focused first and foremost on the health and wellbeing of our employees, their families and the... More
