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Jun 30, 2021
CommScope Q2 2021 Earnings Report
Reported an increase in net sales and improved non-GAAP adjusted EBITDA.
Key Takeaways
CommScope reported a 3.9% year-over-year increase in net sales to $2.185 billion for the second quarter of 2021. The company's GAAP net loss decreased by 52.1% compared to the prior year period. Non-GAAP adjusted EBITDA increased 10.0% to $307.7 million.
Second quarter net sales increased 4% year-over-year for consolidated company.
Core CommScope second quarter net sales increased 18% year-over-year.
Momentum in Broadband Networks continues with 22% year-over-year increase in net sales.
Cash flow generated by operations of $191.6 million and non-GAAP adjusted free cash flow of $197.8 million.
Forward Guidance
CommScope anticipates ongoing global supply chain challenges but remains confident in its ability to build on its track record of value creation and to successfully execute its CommScope NEXT strategy.
Positive Outlook
- Strong demand environment.
- Ability to adapt to challenges.
- Capitalizing on industry tailwinds such as the demand for 5G.
- Recent launch of HELIAX® SkyBlox™ to meet the demand for network upgrades.
- Helping operators to put reliable mobile networks in place.
Challenges Ahead
- Ongoing global supply chain challenges.
- Commodity inflation (primarily copper and resins).
- Logistics cost increases.
- Certain component part shortages.
- Unfavorable impacts expected to continue into 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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