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Mar 31, 2023
CommScope Q1 2023 Earnings Report
CommScope reported first quarter results, showing core net sales of $1.66 billion and a GAAP net loss attributable to common stockholders of $11.7 million.
Key Takeaways
CommScope's first quarter 2023 results showed a decrease in net sales by 10.2% year-over-year to $2.00 billion. However, the company saw a significant improvement in Core adjusted EBITDA, increasing by 37% to $315.3 million. The company is maintaining its expectation to deliver Core adjusted EBITDA in the $1.35 to $1.5 billion range.
Net sales decreased by 10.2% year-over-year to $2.002 billion.
GAAP net loss attributable to common stockholders improved to $11.7 million from a loss of $154.4 million in the prior year.
Non-GAAP adjusted EBITDA increased by 23.2% to $312.0 million.
Core adjusted EBITDA increased 37% to $315.3 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CommScope maintains its expectation to deliver Core adjusted EBITDA in the $1.35 to $1.5 billion range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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