CommScope (COMM) Tops Q1 EPS by 5c
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CommScope Reports First Quarter 2022 Results
May 5, 2022 6:30 AM EDTFirst quarter net sales increased 8% year-over-year for consolidated company Core CommScope first quarter net sales increased 10% year-over-year* Momentum builds in Connectivity and Cable Solutions and Outdoor Wireless Networks as net sales increased 24% and 20% year-over-year, respectively
First Quarter Highlights
Net sales of $2.229 billion Core net sales of $1.733 billion* GAAP net loss of $139.9 million Non-GAAP adjusted EBITDA of $253.3 million Core adjusted EBITDA of $230.0 million* Cash flow used in operations of $(14.6) million and non-GAAP adjusted free cash flow of $(24.1)... More