CommScope (COMM) Tops Q2 EPS by 13c, Revenues Beat

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Go back to CommScope (COMM) Tops Q2 EPS by 13c, Revenues Beat

CommScope Reports Second Quarter 2020 Results

August 6, 2020 6:00 AM EDT

Strength in Broadband Networks expected to accelerate throughout remainder of 2020

Well-managed cost structure and investment reprioritization drive strong cash flow and better than expected non-GAAP adjusted EBITDA

Cash flow visibility improving, business trends stabilizing; Company plans to resume debt repayment in third quarter

Highlights

Net sales of $2.103 billion; 3% improvement from Q1 GAAP net loss of $321.1 million Non-GAAP adjusted EBITDA of $279.8 million; 21% improvement from Q1 Cash flow from operations of $209.1 million and adjusted free cash flow of $217.4 million Company further... More