CommScope Reports Second Quarter 2020 Results
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CommScope (COMM) Tops Q2 EPS by 13c, Revenues Beat
August 6, 2020 6:19 AM EDTCommScope (NASDAQ: COMM) reported Q2 EPS of $0.32, $0.13 better than the analyst estimate of $0.19. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.06 billion.
Highlights
Net sales of $2.103 billion; 3% improvement from Q1GAAP net loss of $321.1 millionNon-GAAP adjusted EBITDA of $279.8 million; 21% improvement from Q1Cash flow from operations of $209.1 million and adjusted free cash flow of $217.4 millionCompany further de-risks balance sheet and extends debt maturitiesSales and non-GAAP adjusted EBITDA expected to improve in the second half of 2020The network... More
