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

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

CommScope Reports Third Quarter 2020 Results

November 5, 2020 6:00 AM EST

Strong execution delivered better than expected bottom line performance

Broadband Networks segment grew approximately 20% sequentially and year over year

Generated better than expected cash flow; year-to-date cash flow from operations over $338 million and non-GAAP adjusted free cash flow over $350 million

Third Quarter Highlights

Net sales of $2.168 billion; 3% improvement from Q2 GAAP net loss of $116.3 million Non-GAAP adjusted EBITDA of $341.9 million; 22% improvement from Q2 Cash flow from operations of $172.2 million and non-GAAP adjusted free cash flow of $176.0 million Resumed debt repayment with $100 million redemption of 6.00%... More