CommScope Reports Third Quarter 2020 Results

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Go back to CommScope Reports Third Quarter 2020 Results

CommScope (COMM) Tops Q3 EPS by 14c, Revenues Beat

November 5, 2020 6:10 AM EST

CommScope (NASDAQ: COMM) reported Q3 EPS of $0.51, $0.14 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.17 billion versus the consensus estimate of $2.13 billion.

Third Quarter Highlights

Net sales of $2.168 billion; 3% improvement from Q2GAAP net loss of $116.3 millionNon-GAAP adjusted EBITDA of $341.9 million; 22% improvement from Q2Cash flow from operations of $172.2 million and non-GAAP adjusted free cash flow of $176.0 millionResumed debt repayment with $100 million redemption of 6.00% senior notes... More