The company looks like it will post an investor-pleasing set of quarterly results in early August. For its second quarter, CommScope is estimating that net sales will come in at $1.39 billion, with income from continuing operations landing at $75 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to be $302 million. The company did not provide any net income figures. In the news release unveiling the preliminary results, CommScope quoted CEO Chuck Treadw ...

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Telephone and Data Systems, Inc. (TDS) , sporting a Zacks Rank of 1, provides wireless products and services, cable and wireline broadband, TV and voice services to approximately 6 million customers in Chicago. Shares of CommScope have lost 65.1% over the past year compared with the industry's decline of 47.8%. CommScope's DAS business is part of its Networking, Intelligent Cellular & Security Solutions segment, which also makes and sells RUCKUS Wi-Fi, small cell and private wireless solutions to support se ...

For Immediate Release Chicago, IL – July 19, 2024 – Today, Zacks Equity Research discusses CommScope Holding Company, Inc. (COMM) and DZS Inc. (DZSI) Industry: Communication Infrastructure Link: https://www.zacks.com/commentary/2304111/2-communication-stocks-likely-to-transcend-industrygloom The Zacks Communication - Infrastructure industry appears to be weighed down by escalating capital expenditures for infrastructure upgrades, unpredictable raw material prices owing to Middle East tensions, supply-chain ...

The Zacks Communication - Infrastructure industry appears to be weighed down by escalating capital expenditures for infrastructure upgrades, unpredictable raw material prices owing to Middle East tensions, supply-chain disruptions albeit at a decreasing rate and high customer inventory levels. However, the industry should benefit in the long run from an increasing user propensity to stay abreast of the latest digital innovations. Industry Description What's Shaping the Future of the Communication - Infrastr ...

CommScope Holding Company, Inc. (COMM) recently introduced Software Release 13, which brings several cutting-edge advancements in its E6000 Converged Edge Routers (CER). The innovative features are aimed at equipping Multi Service Operators (MSOs) to support advanced network services with the latest technologies, such as hybrid fiber coax cable access networks. With operators moving toward converged or multi-use network structures, combining voice, video and data communications into a single network, CommSc ...

CommScope Holding Company, Inc. (COMM) reported soft first-quarter 2024 results, with a decrease in revenues and earnings on a year-over-year basis. Lower capital spending from customers, inventory adjustments, macroeconomic challenges and decrease in net sales in major business verticals led to top-line contraction year over year. However, both the bottom line and top line beat the respective Zacks Consensus Estimate.Net IncomeOn a GAAP basis, the company recorded a net loss of $375.2 million or a loss of ...

CommScope Holding Company, Inc. (NASDAQ:COMM) Q1 2024 Earnings Call Transcript May 9, 2024 8:30 AM ET Company Participants Massimo Disabato - VP of IR Chuck Treadway - President and CEO Kyle Lorentzen - EVP and CFO Conference Call Participants George Notter - Jefferies LLC Meta Marshall - Morgan Stanley Simon Leopold - Raymond James Steven Fox - Fox Advisors LLC Samik Chatterjee - JPMorgan Amit Daryanani - Evercore Matt Niknam - Deutsche Bank Tim Savageaux - Northland Capital Markets Operator Good day, and ...

Financial Performance - CommScope's net sales for Q1 2024 were $1.168 billion, a decrease of 30% compared to $1.664 billion in Q1 2023[20] - Adjusted EBITDA for Q1 2024 was $153 million, down 51% from $314 million in Q1 2023[7, 20] - Adjusted EPS for Q1 2024 was $(0.08), a decrease of 124% compared to $0.34 in Q1 2023[20] - Net loss attributable to common stockholders was $375.2 million compared to a net loss of $11.7 million in the same period last year[32] - Net cash used in operating activities was $177.7 million compared to $46.1 million last year[34] Segment Performance - Connectivity and Cable Solutions (CCS) net sales decreased by 26% year-over-year[8] - Networking, Intelligent Cellular and Security Solutions (NICS) net sales decreased by 37% year-over-year[8] - Outdoor Wireless Networks (OWN) net sales decreased by 24% year-over-year[8] - Access Network Solutions (ANS) net sales decreased by 38% year-over-year[8] - Total segment adjusted EBITDA decreased by 51.2% from $313.7 million to $153 million[60] Liquidity and Debt - Net leverage ratio was 9.9x as of March 31, 2024[19, 48] - The company ended the quarter with available liquidity over $900 million[48] - The company is implementing a $100 million savings plan[18]

CommScope (COMM) reported $1.17 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 41.6%. EPS of -$0.08 for the same period compares to $0.35 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.04 billion, representing a surprise of +12.18%. The company delivered an EPS surprise of +65.22%, with the consensus EPS estimate being -$0.23.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...