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Dec 31, 2024
CommScope Q4 2024 Earnings Report
CommScope's performance improved with increased net sales and adjusted EBITDA, driven by growth in the CCS segment and strategic debt refinancing.
Key Takeaways
CommScope reported a 26.6% increase in net sales to $1.17 billion and an 86.9% increase in non-GAAP adjusted EBITDA to $223.1 million for the fourth quarter of 2024. The company's core non-GAAP adjusted EBITDA increased by 68.7% to $240.4 million. Strategic debt refinancing and the sale of the OWN and DAS businesses have strengthened the company's financial position.
Net sales increased by 26.6% year-over-year to $1.17 billion, driven by growth in all segments.
GAAP loss from continuing operations was $65.2 million, an improvement compared to the prior year's loss of $414.0 million.
Non-GAAP adjusted EBITDA increased by 86.9% to $223.1 million.
Free cash flow for the fourth quarter was $270.5 million, driven by stronger EBITDA.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CommScope anticipates Core adjusted EBITDA to be in the range of $1.00 to $1.05 billion for 2025.
Positive Outlook
- Operating income is projected to be between $660 million and $695 million.
- Amortization of purchased intangible assets is expected to be between $173 million and $174 million.
- Equity-based compensation is anticipated to be between $26 million and $28 million.
- Restructuring, transaction, and transformation costs are estimated to be between $60 million and $70 million.
- Depreciation is projected to be between $76 million and $78 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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