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Jun 30, 2022
CommScope Q2 2022 Earnings Report
CommScope's Q2 2022 results were reported, featuring a 5% year-over-year increase in net sales and progress in CommScope NEXT initiatives.
Key Takeaways
CommScope reported a 5.3% increase in net sales to $2.30 billion and a GAAP net loss of $61.0 million. Core net sales increased by 8.5% year-over-year, driven by growth in Connectivity and Cable Solutions and Outdoor Wireless Networks. The company reaffirms its commitment to full year 2022 Core adjusted EBITDA between $1.15 - $1.25 billion.
Net sales increased 5% year-over-year for consolidated company.
Core CommScope net sales increased 9% year-over-year.
Connectivity and Cable Solutions saw net sales increase 26% year-over-year and 18% quarter-over-quarter.
GAAP net loss was $61.0 million.
Revenue by Geographic Location
Forward Guidance
CommScope reaffirms its commitment to full year 2022 Core adjusted EBITDA between $1.15 - $1.25 billion, as well as our year-end net leverage target of 6.8x – 7.2x.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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