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Jun 30, 2020
CommScope Q2 2020 Earnings Report
Reported results for the quarter ended June 30, 2020.
Key Takeaways
CommScope reported net sales of $2.103 billion, a GAAP net loss of $321.1 million, and non-GAAP adjusted EBITDA of $279.8 million. The company plans to resume debt repayment in the third quarter.
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
Forward Guidance
CommScope expects its third quarter sales and non-GAAP adjusted EBITDA to improve modestly compared to the second quarter. Additionally, the Company expects sales and non-GAAP adjusted EBITDA to sequentially improve in the fourth quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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