CommScope (COMM) Tops Q1 EPS by 5c, Revenues Beat; Withdraws FY20 Guidance

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Go back to CommScope (COMM) Tops Q1 EPS by 5c, Revenues Beat; Withdraws FY20 Guidance

CommScope Reports First Quarter 2020 Results

May 7, 2020 6:00 AM EDT

Highlights

Net sales of $2.03 billion GAAP net loss of $159.9 million Non-GAAP adjusted EBITDA of $231.2 million Redeemed $100 million aggregate principal amount of 5% senior notes due 2021 Debt reduced by over $600 million since ARRIS acquisition close

HICKORY, N.C.--(BUSINESS WIRE)-- CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, reported results for the quarter ended March 31, 2020.

In this period of uncertainty in our global operating environment, we are focused first and foremost on... More