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Jun 30, 2024
CommScope Q2 2024 Earnings Report
CommScope's Q2 2024 results were reported, showing improved performance from the first quarter, driven by strength in CCS segment but weakness in ANS and NICS, with increased profitability due to CommScope NEXT initiatives.
Key Takeaways
CommScope reported Q2 2024 consolidated net sales of $1.39 billion and GAAP income from continuing operations of $74.8 million. Core net sales were $1.05 billion, and core non-GAAP adjusted EBITDA was $201.1 million. The company is selling its OWN segment and DAS business unit to Amphenol Corporation for approximately $2.1 billion in cash.
Consolidated net sales reached $1.39 billion.
Core net sales amounted to $1.05 billion.
GAAP income from continuing operations was $74.8 million.
Consolidated non-GAAP adjusted EBITDA totaled $302.1 million.
Forward Guidance
Full year Core adjusted EBITDA guideposts are $700 to $800 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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