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Sep 30, 2024
CommScope Q3 2024 Earnings Report
CommScope reported third quarter results with net sales up 2.7% year-over-year and Core adjusted EBITDA up 25% from the prior year.
Key Takeaways
CommScope's third quarter 2024 results showed a slight increase in net sales and a significant improvement in Core adjusted EBITDA compared to the previous year. The company is divesting its OWN segment and DAS business unit, focusing on core segments: CCS, NICS (excluding DAS), and ANS. Visibility remains limited due to uncertain network upgrade timing.
Net sales increased by 2.7% year-over-year to $1.082 billion.
GAAP loss from continuing operations improved to $(96.7) million from $(533.8) million year-over-year.
Core adjusted EBITDA increased by 25.0% year-over-year to $220.4 million.
The company is divesting its OWN segment and DAS business unit in a deal expected to close in Q1 2025.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CommScope narrowed its full year Core adjusted EBITDA guideposts to $700 to $750 million.
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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