CommScope (COMM) Tops Q2 EPS by 13c

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Go back to CommScope (COMM) Tops Q2 EPS by 13c

CommScope Reports Second Quarter 2022 Results

August 4, 2022 6:30 AM EDT

Net sales increased 5% year-over-year for consolidated company Core CommScope net sales increased 9% year-over-year* Momentum continues to build in Connectivity and Cable Solutions as net sales increased 26% year-over-year and 18% quarter-over-quarter

Second Quarter Highlights

Net sales of $2.300 billion Core net sales of $1.876 billion* GAAP net loss of $61.0 million Non-GAAP adjusted EBITDA of $299.6 million Core adjusted EBITDA of $286.8 million* Cash flow used in operations of $(94.6) million and non-GAAP adjusted free cash flow of $(90.6) million

* References to certain supplementary... More